About Ambit Energy
Ambit Energy provides electricity and natural gas services in deregulated markets across the United States, primarily marketed through a direct sales channel of more than 250,000 Independent Consultants.
Based in Dallas, Texas, our company is focused on being the finest and most-respected retail energy provider in America, offering cost-effective choices for today’s energy consumer.
In 2010, Ambit was named #1 Fastest-Growing Private Company in America by Inc. magazine, and we continue to pick up steam as the fastest-growing company in the retail energy sector today.
From simple beginnings to game-changing success
It all started with a simple lunch meeting. On a spring day in 2006, two men had a friendly chat about energy deregulation over turkey sandwiches. Those men – Jere Thompson, Jr. and Chris Chambless – were both excited about the opportunity they saw, and thus began their journey to build “the finest and most-respected retail energy provider in America.”
Their new venture would provide affordable electricity and gas, and they agreed that their company would never sacrifice integrity for growth.
The co-founders went to work immediately, and a few weeks later, Jere and Chris set up shop in a large, renovated warehouse in the historic West End district of downtown Dallas. The expansive office space suited their needs perfectly, helping to establish a feeling of “openness” and enabling faster communication. They bought several $19 fold-up tables to use as desks and put together a team of experienced executives who shared their vision.
The rest is history - and the results have been extraordinary.
Honors, Growth and Recognition
Ambit Energy recorded revenues of almost $200 million in 2008 and nearly $325 million in 2009. As a result of this tremendous growth, Ambit was named the fastest-growing privately-held company in North Texas by SMU’s Caruth Institute for Entrepreneurship in their annual Dallas 100™ rankings.
And 2010 brought further public recognition, when Ambit made the SMU/Cox Dallas 100™ for the second year in a row, as well as the Top 100 Places to Work by the Dallas Morning News. But the biggest achievement of them all was being named “America’s Fastest-Growing Private Company” by Inc. magazine, which placed Ambit at #1 on the publication’s renowned “Inc. 500” list.
In 2011, J.D. Power and Associates recognized Ambit as #1 for the most positive recommendations shared with friends, family and co-workers. This growing number of satisfied Customers helped the company reach their next great milestone in 2012 – exceeding 1 million active Customers.
A little thing called Deregulation
It used to be that all aspects of residential energy service were controlled by incumbent monopolies.
But as customer demand for a choice and opportunity grew, laws were introduced that broke up the outdated system, allowing competition and giving customers the right to choose their energy provider.
In 1996, New York and California were first to set the pace and open deregulated markets to business and consumers. The next year, Pennsylvania and Illinois make the switch. Soon they are joined by Massachusetts (1998), Maryland and New Jersey (1999), Connecticut (2000), Washington D.C. (2001) and Texas (2002).
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