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    Home»Startups»Amber scores $13.6 million for vehicle-to-grid residential energy plan
    Startups

    Amber scores $13.6 million for vehicle-to-grid residential energy plan

    Editor Times FeaturedBy Editor Times FeaturedJune 1, 2026No Comments3 Mins Read
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    The federal government-backed Australian Renewable Vitality Company (ARENA) has given $13.6 million in funding to renewable vitality retailer Amber to increase its vehicle-to-grid (V2G) program in 1,000 properties.

    Amber’s preliminary 50-charger trial with BYD permits EV homeowners to show their automobiles into “batteries on wheels” to energy their properties, in addition to promoting its saved vitality again into the grid.

    The Chinese language electrical car producer agreed to warrant EVs collaborating within the trial, eradicating one of many final main boundaries to native V2G adoption.

    Amber co-CEO Chris Thompson stated practically 6,000 Australians already on the V2G waitlist and the ARENA backing will flip that demand into actuality – and their automobiles into an earnings supply.

    “Our preliminary rollout proved it really works. 1,000 properties proves it scales. We’ve already seen a South Australian buyer earn $500 in a single afternoon throughout a heatwave, prospects can now save 1000’s yearly via V2G,” he stated.

    “This growth positions Australia as a world chief in V2G, and we see a future the place tens of millions of Australians shopping for EVs within the subsequent few years can do the identical.”

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    Promoting your automobile’s energy

    The roll out sees Amber instal V2G-capable chargers into buyer properties. Software program built-in with Amber then gives entry to wholesale costs to maximise vitality gross sales worth. 

    “In contrast to different V2G plans that require minimal plug-in time and supply mounted value tariffs, Amber combines wholesale vitality with good automation so prospects can earn the complete worth from their exports, energy their properties via vehicle-to-home expertise, and retain full management,” Thompson stated.

    ARENA CEO Darren Miller stated to unlock V2G at scale, they should convey collectively prospects, automobile makers, networks and expertise suppliers.

    “A giant a part of that’s giving producers the boldness their autos will carry out as anticipated, together with via validated approaches to battery use and warranties,” he stated.

    “This mission brings these items collectively to show how EVs can change into an energetic a part of the vitality system. Which means financial savings for homeowners and higher utilisation of the grid, which might convey down the price of the community for everybody.”

    Electrical Automobile Council CEO Julie Delvecchio stated an EV can shops 5.5-times extra vitality than a typical dwelling battery.

    “It’s not simply the individuals plugged in who profit – it’s the entire system. When 1000’s of EVs feed energy again at peak instances, it places downward stress on prices for everybody, whether or not you’re within the trial or not,” she stated.

    Amber will launch a industrial V2G product later this 12 months.



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