FilingReader Intelligence

Gentrack invests further in Amber to boost smart energy tech

June 2, 2025 at 07:32 AM UTCBy FilingReader AI

Gentrack Group Limited (NZX:GTK) has committed an additional AUD4.5 million investment in Amber as part of Amber's AUD45 million funding round. This follows an initial AUD12 million investment made in February 2024, establishing a strategic partnership aimed at meeting the rising global demand for smart energy services. Amber licenses its technology through Gentrack’s global network of utility customers, bundling billing and CRM systems with Amber's automation software. Amber aims to shift the world to 100% renewables by providing customers with real-time dynamic electricity prices and technology to automate home batteries and EVs, facilitating the use of cheap, renewable power and enabling the sale of excess energy back to the grid.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

NZX:GTKNew Zealand Exchange

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