Amber’s Australian battery automation technology heads to the UK

Australia’s Amber Electric will roll out its battery automation technology based on dynamic electricity pricing in the United Kingdom under a partnership with renewable energy supplier E.ON Next.

Dynamic, or “time-of-use” pricing is beginning to gain traction in the United Kingdom and the E.ON Next unit of German utility E.ON, which currently supplies electricity to 5.6 million homes and businesses across the United Kingdom, is set to offer Amber’s pricing model to its customers.

Unlike traditional fixed-rate energy plans, Amber’s technology offers real-time access to dynamic energy prices, helping consumers to capitalize on their battery storage and EV assests by charging when cheap renewables are available and selling power when prices are high.

“This collaboration goes beyond providing consumers with the tools to unlock more value from their home battery and EVs [electric vehicles] – it’s about putting households at the center of the energy transition,” said Dan Adams, co-Founder and joint CEO of Amber.

Earlier this year, Amber Electric raised AUD $29 million ($18.9 million) in capital that is earmarked to scale the business in Australia and to take its battery and electric vehicle automation software offshore.