Morgan Stanley Investment Management’s (MSIM) climate-focused private equity strategy, 1GT, has led a €49 million ($56.22 million) Series E funding round in Australian energy tech firm Amber Electric to accelerate its European expansion.
Key Takeaways:
- Market Leader: Amber Electric holds a >50% market share in Australia’s battery automation space, optimizing home batteries by charging when electricity is cheap and exporting power when prices peak.
- Strategic European Partner: Europe’s largest energy grid operator, E.ON, joined the funding round following a strategic partnership with Amber.
- Capital Deployment: Proceeds will scale energy management solutions to meet growing global demand for decentralized energy resources and grid flexibility.
- 1GT Investment Mandate: Backed by MSIM’s strategy focused on growth-stage companies driving decarbonization across power, mobility, agriculture, and circular economy sectors.
A key private equity deployment accelerating distributed renewable energy integration globally! 🌍🔋