Ambit Energy News

Ambit Energy Expands Services to Canada

Press Release | 11/5/2017

Enrollment is now available to more than 1.2 million potential residential and small commercial customers in Alberta throughout the ATCO Electric and ATCO Gas service areas.

“We are thrilled to expand into Alberta, and provide quality service and a variety of options to our new customers in Canada,” said Jere Thompson, Jr., Co-Founder and CEO of Ambit Energy. “Our first international expansion to Japan has been very successful, and we are proud to support the entrepreneurial spirit in our new international service areas.”

Canada is Ambit’s second international market expansion this year, following the launch of Ambit Energy Japan in July. In addition to Canada and Japan, Ambit currently provides electricity and natural gas services in 16 U.S. states and Washington D.C.

Ambit Energy Expanding Service to Ohio

Press Release | 9/12/2015

“Our history of success is a testament to the overall value and service Ohio residents can expect when they join Ambit.”

“We are excited to finally bring Ambit Energy services to Ohio to help meet customer demand and create new opportunities for our current and future Independent Consultants,” said Jere Thompson, Jr., Co-founder and CEO of Ambit Energy. “Our history of success is a testament to the overall value and service Ohio residents can expect when they join Ambit.”

Founded in 2006 by Thompson Jr. and Chris Chambless, Ambit provides electricity and natural gas services in deregulated markets in 14 states and Washington D.C., primarily using a direct sales channel of more than 350,000 Independent Consultants. The company has more than 1.3 million customers nationwide and recorded revenue of $1.5 billion in 2014, earning placement on the Inc. 5000 list of the nation’s fastest-growing companies for the sixth consecutive year.

Ambit, headquartered in Dallas, announced the Ohio expansion at the company’s 9th annual AMBITION conference, which hosted more than 8,000 entrepreneurs from all around the country to provide informative training, networking opportunities and presentations from guest speakers, including Mike Eruzione, captain of the “Miracle on Ice” 1980 Winter Olympic hockey gold medal team, and John C. Maxwell, internationally renowned leadership expert, coach and author.

Ambit Energy Named Best CT Electric Supplier

Press Release | 8/20/2015

The survey looked at electricity suppliers across the United States and ranked them based on their prices, communications, corporate citizenship, enrollment/renewal and customer service. Electric suppliers operating in deregulated utility markets where ratepayers have the option to stick with the default utility rate for the electricity or contract for a different rate from a third-party supplier.

Ambit scored a 689 out of 1,000 for the best performance of companies that serve the Connecticut residential market. Connecticut Gas & Electric, ConEdison Solutions, Direct Energy and North American Power rounded out the top five.

The average score of all Connecticut suppliers was 623, lower than the national average of 632. Texas had the highest satisfaction average score among the eight states in the survey.

Lawsuit Against Ambit Energy Dismissed

Npros.com | 8/2/2015

Judge Michael Shipp found that the plaintiff's contract with Ambit "expressly allowed the company to change its rates," stipulated that it was a third-party energy provider, and superseded any previous agreements or understanding between the parties, including the plaintiff's claims that he was guaranteed savings that were not delivered.

Ambit Energy Under Investigation in New York State

Press Release | 5/4/2015

The Public Service Commission could decide to suspend Ambit's ability to operate in New York.

Ambit Energy Announces Expansion of Services

Press Release | 1/31/2015

“Simulcast 2015 set a new attendance record for Ambit Energy as the largest event in our history,” said Chris Chambless, Co-founder and CMO for Ambit Energy. “With unprecedented enthusiasm for our business model, we expect 2015 to be a remarkable year of growth and expansion for the company.”

The biggest announcement at the event was the expansion of service areas in Massachusetts, New Hampshire and Virginia. The company will add electricity services in National Grid and NSTAR territories in Massachusetts, electricity services in Unitil, NHEC and Liberty Utilities territories in New Hampshire and natural gas services in the Columbia Gas territory in Virginia. Ambit Energy will begin accepting customer enrollments in these areas this spring, and estimates 3,026,800 potential customers in these new markets.

Ambit also announced a new partnership with Sunrun to provide solar solutions to new and existing Ambit customers in California, New Jersey, New York and Massachusetts. Enrollments for these new offers will begin in the second quarter of 2015.

Ambit Energy Wraps Up 8th Annual Conference

Press Release | 9/7/2014

“Each year we work to engage our Independent Consultants in attendance in new ways and provide innovative tools to help them succeed in their entrepreneurial endeavors”

“We’re thankful to all of our dedicated corporate employees and Independent Consultants who helped make AMBITION possible, as well as to the City of Dallas for hosting the Ambit team,” said Jere Thompson, Jr., Co-founder and CEO of Ambit Energy. “This annual event allows us to share the Ambit opportunity and provide even more training for our Independent Consultants as we continue our work towards being the finest, most respected retail energy provider in America.”

Internationally recognized graffiti artist and best-selling business author Eric Wahl addressed a dynamic crowd during the general session at the American Airlines Center. His artwork serves as a metaphor for the core of his message, helping organizations achieve higher levels of success through innovation and superior performance.

Prizes, such as a 2014 Cadillac CTS Sedan, a cruise sponsored by Wyndham Jade and a flat screen TV were all given away to Ambit Energy Consultants via random drawings held throughout Saturday’s general session.

The biggest announcement at the event was the expansion of electricity service into the state of Maine, servicing customers in Central Maine Power Company and Emera Maine (formerly Bangor Hydro Electric) markets. The company will also expand natural gas service in Pennsylvania for UGI-Penn Natural Gas and UGI-Central Penn territories, as well as electricity service in the UGI-Electric territory.

“Each year we work to engage our Independent Consultants in attendance in new ways and provide innovative tools to help them succeed in their entrepreneurial endeavors,” said Chris Chambless, Co-founder and CMO for Ambit Energy. “This year’s event raised the bar as we added interactive elements, unveiled new initiatives to support our Consultants and expanded service into new markets.”

Ambit Energy to Hold Annual Conference in Dallas

Press Release | 8/25/2014

AMBITION 2014 will provide motivation and personal and professional development to help lift the entrepreneurial spirit of its Independent Consultants. Ambit Energy is providing three days of informative training, networking opportunities, recognition of individual achievements and presentations from special guest speakers designed to energize the attendees and help grow their businesses.

“The power that drives the success of Ambit Energy comes from the amazing spirit of the entrepreneurs and small business owners who will be coming to AMBITION,” said Co-founder and CEO of Ambit Energy Jere Thompson, Jr. “We aim to make AMBITION a springboard for our Consultants to reach greater heights and achieve greater success as they work to build their businesses and generate economic opportunities for themselves and others in their communities.”

Ambit Energy continues to grow and impact communities around the country. Last year, the company surpassed $1 billion in annual revenue with more than a million customers and more than 250,000 Independent Consultants. In 2013, AMBITION had an estimated $29 million in total economic impact for the City of Dallas with lodging, entertainment, transportation and dining expenses.

The annual event will take place in six venues across Dallas, including the Kay Bailey Hutchison Convention Center, Dr Pepper Ballpark, Hilton Anatole, Sheraton Dallas, Omni Hotel and the American Airlines Center for its general session. Keynotes and plenary speaking events, skills training workshops and celebratory events will host thousands of outstanding leaders in the direct sales business.

Ambit Energy Introduces Power Payback Program

Press Release | 7/29/2014

“We’ve already rewarded our customers for making referrals with our Free Energy program,” said Ambit Energy Co-Founder and CEO Jere Thompson, Jr. “It seemed like a logical next step to also pay them back when they help reduce the strain on the power grid during periods of extreme electricity demand.”

Under the program, customers in Texas who have Smart Meters will receive advance notification of an impending period of extreme electricity demand. They then have the opportunity to cut back on their electricity use during the specified time. If their electricity usage during this time is lower than their average from the same time period over the previous five weekdays, they receive a bill credit of $1.00 for every kilowatt-hour saved.

“Power Payback is the easiest and most generous program of its kind in the Texas market,” Thompson says. “In fact, with automatic enrollment, our customers don’t even have to sign up. These simple savings come in the form of $1.00 per kilowatt-hour bill credit. And that’s certainly a good incentive to adjust the thermostat a couple of degrees during peak demand times.”

Ambit Energy Announces Expansion into Virginia and New Hampshire

Press Release | 1/16/2014

“Simulcast 2014 brought more than 12,000 excited Consultants together on one day to focus on goals for achieving financial success in the coming year,” said Chris Chambless, Co-founder and CMO for Ambit Energy. “With new tools, new markets and new goals, our Consultants are prepared to make 2014 their best year ever.”

The biggest announcement at the event was the expansion of service into two new states, Virginia and New Hampshire. The company will also add natural gas services in UGI Gas territory in Pennsylvania and electricity services in Sharyland Utilities and Sharyland McAllen territories in Texas. The company will begin accepting customer enrollments in these markets this spring.

Ambit Energy Expands Into Rhode Island, Delaware

Press Release | 11/6/2013

November 05, 2013 DALLAS--Ambit Energy, a leading retail energy provider of electricity and natural gas in deregulated states across the country, announced its expansion into Delaware and Rhode Island, as well as the expansion of its natural gas services into PECO territory for Pennsylvania residents. The company began accepting customer enrollments in these markets on October 30, 2013.

“With the support of our thousands of dedicated Consultants, the success of Ambit Energy will continue to shine into 2014 and beyond.” .Adding new markets in Delaware, Rhode Island and Pennsylvania allows Ambit Energy to expand its service offering to nearly 1.5 million potential new customers.

“We have always had a goal to be the finest, most respected retail energy provider in America and are excited to see the growth of Ambit Energy in new states,” said Jere Thompson, Jr., Co-founder and CEO for Ambit Energy. “With the support of our thousands of dedicated Consultants, the success of Ambit Energy will continue to shine into 2014 and beyond.”

Surpassing $1 billion in revenue and 1 million residential customers1 in just seven years, Ambit Energy expanded into 11 new markets in 2013, giving the company representation in 11 states across America.

Ambit Energy Hosts More Than 10,000 at 7th Annual Conference

Press Release | 10/1/2013

AMBITION took place in five venues across Dallas, including the Kay Bailey Hutchison Convention Center, Hilton Anatole, Sheraton Dallas, Omni Hotel and the American Airlines Center for its general session. The event created approximately $29 million total economic impact for the city of Dallas.

"This was our most successful year yet at Ambit Energy," said Co-founder and CEO of Ambit Energy, Jere Thompson, Jr. "Since AMBITION 2012, we surpassed the benchmarks of $1 billion in annual revenue and 1 million customers. None of this would be possible without our hard-working consultants and dedicated corporate employees."

Leadership expert, best-selling author and keynote speaker John C. Maxwell addressed a near-capacity crowd during the general session at the American Airlines Center. His message focused on finding fulfillment today instead of looking to the past.

"After writing more than 70 books over the past 30 years, I know leadership when I see it," said best-selling author and renowned motivational speaker John C. Maxwell. "At AMBITION 2013, I was surrounded by many excellent leaders who want nothing more than to create a world of financial liberty and change. I'm glad I was a part of this great event with Ambit Energy."

Prizes, such as iPad minis, cash, free registration for future AMBITION conferences, a 2014 Can-Am Spyder ST-S SE5 and a 2014 Cadillac CTS Coupe were all given away to Ambit Energy consultants via random drawings held throughout Saturday's general session.

"As we left this event, our independent consultants were more eager than ever to share the Ambit Energy mission and opportunity," said Co-founder and CMO Chris Chambless. "As we continue to provide our customers across the country with exceptional service and value, we expect AMBITION to only get bigger and better."

Ambit Energy to Host More Than 10,000 At 7th Annual Conference

Press Release | 9/3/2013

“As we continue to provide our customers across the country great service and impressive savings, we expect even greater growth over the next few years.” .Currently, Ambit Energy is on track to create more than $29 million in total economic impact for the City of Dallas with lodging, entertainment, transportation and dining expenses.

“This has been a remarkable year for Ambit Energy,” said Co-founder and CEO of Ambit Energy Jere Thompson. “We have eclipsed benchmarks of $1 billion in annual revenue, 1 million customers and 250,000 independent sales consultants in 2013, and I believe that the best is yet to come.”

The annual event will take place in five venues across Dallas, including the Kay Bailey Hutchison Convention Center, Hilton Anatole, Sheraton Dallas, Omni Hotel and the American Airlines Center for its general session. Keynotes and plenary speaking events, skills training workshops, and celebratory events will host thousands of outstanding leaders in the direct sales business. Leadership expert, best-selling author and keynote speaker John Maxwell will address the assembly at American Airlines Center. Additionally, renowned trainers Joseph McClendon, the team of Andrea Waltz and Richard Fenton, and Joel Zeff will all be speaking.

“When we set out to be the finest and most-respected retail energy provider in the country, we envisioned something like this, but to have it become reality so quickly is a real testament to the dedication of our independent consultants and our incredible team of corporate employees,” said Co-founder and CMO Chris Chambless. “As we continue to provide our customers across the country great service and impressive savings, we expect even greater growth over the next few years.”

Ambit Energy Reaches 1 Billion in Annual Revenue in Only Seven Years

Press Release | 5/22/2013

"While that is quite a distinction of success and growth for Ambit Energy, this accomplishment is definitely recognition of our entire team – both staff and our more than 200,000 independent sales Consultants nationwide," said Jere Thompson, Jr., Ambit Energy co-founder and chief executive officer. "Now that we have passed this benchmark, it only means we have many more to reach for our ultimate goal – be the finest and most respected retail energy provider in America."

Other recent accomplishments of Ambit Energy include passing 1 million residential customers1 last December, being included on the Inc. 500/5000 list for the third consecutive year and being recognized as the No. 14 largest direct selling company in the world on the Direct Selling News Global 100 list.

Also in 2012, Ambit Energy introduced service to more than 13 million potential customers by expanding into Massachusetts, Connecticut and northern California. The company also continued to add new service areas in New York, Pennsylvania, Maryland and Illinois.

"We have always been aggressive and smart in our strategic approach to grow the company," said Chris Chambless, Ambit Energy co-founder and chief marketing officer. "With an energized sales force nationwide, and a commitment to not sacrifice integrity over growth, we believe Ambit Energy is positioned to reach every goal we have in our future to help create a stress-free lifestyle for energy consumers and blossoming entrepreneurs alike."

Ambit Energy Surpasses 1 Million Customers in 2012

Press Release | 1/24/2013

"Being trusted by more than one million customers is a tremendous milestone of accomplishment for the Ambit team," said Jere Thompson, Jr., Ambit Energy Co-Founder and Chief Executive Officer. "There are hundreds of retail energy providers in America, and only a few have more than one million customers. We are very proud of our dedicated employees and enthusiastic independent Consultants who have worked hard to help us accomplish this goal."

In 2012, Ambit introduced service to more than 13 million new potential customers by expanding into Massachusetts, Connecticut and northern California. The company also continued to add new service areas in New York, Pennsylvania, Maryland and Illinois.

"We are excited about our future growth potential," said Chris Chambless, Ambit Energy Co-Founder and Chief Marketing Officer. "With more than 200,000 independent Consultants nationwide, and an aggressive expansion plan in place, we believe Ambit Energy is positioned to penetrate a still largely untapped market by educating people, many of whom are still unaware, about their options to lower their monthly energy expenses."

Ambit Energy Hosts More Than 9000 for 6th Annual Conference

Press Release | 9/8/2012

This conference created an estimated $10,000,000 in economic impact for the City of Dallas in terms of lodging, transportation, food and entertainment. The company has also recently signed an agreement with the Dallas Convention and Visitors Bureau to host the annual event in Dallas for the next three years.

"We have experienced phenomenal growth over the past six years and based on the number of attendees at this year's conference, we don't anticipate that growth to stop anytime soon," said co-founder and CEO of Ambit Energy Jere Thompson. "When we set out to be the finest and most-respected retail energy provider in the country, we did not anticipate reaching 1 million customers before the end of 2012, and that's what we're on target to achieve this year. The future looks great for Ambit Energy and for our more than 180,000 Independent Consultants nationwide."

The annual event recognized hundreds of outstanding leaders in the business, as well as featured networking opportunities, training and motivation from renowned speakers such as Tammy Stanley, Dr. Joseph McClendon and New York Times bestselling author and speaker, Andy Andrews. The company also hosted an exclusive "Opportunity Rocks" concert for attendees and guests at the American Airlines Center featuring John Mellencamp.

Important announcements at the event included:

-- Pennsylvania Expansion to include Met Ed, Penelec, Penn Power and West Penn Power for Residential and Small Commercial coming in January 2013

-- Illinois Expansion to include Southern Illinois, Ameren Electric, Residential and Small Commercial coming November 2012

-- New Market - Chicago Gas - Peoples Gas and North Shore Gas Residential and Small Commercial coming September 2012

-- New Market - California - California Gas, Pacific Gas and Electric Gas, Residential and Small Commercial coming September 2012

-- Attendee Only promotions

-- Recognized three $5 million earners and 12 $1 million earners

-- And multiple door prizes estimated at $100,000, which included: a new Harley Davidson motorcycle, a new Cadillac XTS, multiple iPads and more than $25,000 in cash awards.

"Ambit Energy's growth over the past six years is a testament to the foundation we built from the start. We have the best systems, the best operations and the best people in the industry," said Chris Chambless, Ambit Energy co-founder and CMO. "Those differences coupled with our exciting expansion plans will continue to set Ambit apart in a competitive marketplace as we continue to change retain energy by focusing on changing lives."

Ambit Energy Tops 850K Customers

Press Release | 5/30/2012

"This type of growth validates our approach to the market," said Chris Chambless, Ambit Energy co-founder and chief marketing officer. "We developed a direct sales model capable of generating massive sales volume, as well as built a technology platform that scales seamlessly to support that channel."

On target to surpass 1 million customers before the end of this year, Ambit Energy continues to grow exponentially by offering a competitive value in energy-deregulated markets across the country. Additionally, its commitment to customer-focused service is offered exclusively through a direct sales channel of more than 150,000 Independent Consultants.

"In our efforts to be the finest and most-respected retail energy provider in America, we bring in exceptional people, continually refine our systems and work diligently to create a culture unlike any other in the industry," said Jere Thompson, Jr., Ambit Energy co-founder and chief executive officer. "Earning the trust of more than 850,000 active customers is an amazing accomplishment, but we are just getting started."

Ambit Energy Ranked 15th on Direct Selling News Global 100 List

Press Release | 4/18/2012

Helping drive the Direct Selling News ranking is the company's dramatic customer growth. In 2011, Ambit Energy grew its customer base by 62% adding over 260,000 net customers. In 2012, Ambit is on target to pass the one million active customer milestone and expects to generate over $1 billion in revenue.

"We have empowered a community of entrepreneurs who are producing record sales every month as they strive to achieve their personal goals," said Chris Chambless, Ambit Energy Co-Founder and Chief Marketing Officer. "We believe that the dedication of our Independent Consultants and our steady expansion strategy will continue to drive Ambit's success as we help others achieve their own."

"Growth of this magnitude is only possible because it is supported by great systems, talented people and a service culture," said Jere Thompson Jr., Ambit Energy Co-Founder and Chief Executive Officer. "As we strive to be the finest and most-respected retail energy provider in America, we are honored to be named number fifteen in the world by Direct Selling News and consider it more evidence that our commitment to excellence has been an effective strategy."

Ambit Energy Plans Northeast Expansion

Press Release | 2/8/2012

AmbitCast 2012 was seen live by more than 8,500 Ambit Energy Independent Consultants and featured guest speaker Darren Hardy, renowned author and Publisher of SUCCESS Magazine.

"Our goal is to be the finest and most respected retail energy provider in America," said Jere Thompson, Jr., Ambit Co-Founder and Chief Executive Officer. "With thousands of excited, hard-working Consultants helping us, 2012 promises to be the biggest in our history."

Co-Founder and Chief Marketing Officer Chris Chambless is equally excited about the plans. "Our goal this year is to reach one million customers and generate $1 billion in annual revenue. This expansion, obviously, goes a long way in helping us reach that goal," said Mr. Chambless. "More importantly, it creates new opportunities for Ambit's 150,000 Independent Consultants to share the Ambit benefits with others – saving money on monthly energy bills and the opportunity to earn additional income."

Ambit Energy Offers Its Energy Saving Know How

Press Release | 8/5/2011

Ambit Energy is offering the following energy conservation tips to 'beat the heat' and soaring utility rates by providing simple home improvements:

Replace your home's incandescent lights with compact fluorescent light bulbs (CFLs) to save more than $60 a year in energy costs. Unplug infrequently used DVD players, VCRs and cordless phones which use 40 percent of their energy while in the 'off' position to power functions like clocks and remote controls. Turn thermostats back 10 to 15 percent for at least eight hours a day and save as much as 10 percent a year on your heating and cooling bills. According to a U.S. Department of Energy study, carefully-positioned north- or west-facing trees can save up to 25 percent of the energy a typical household uses. Research shows that summer daytime air temperatures can be 3° to 6° cooler in tree-shaded neighborhoods than in treeless areas. Compare costs: Thanks to the recent deregulation of energy markets such as Texas, Illinois, New York, Pennsylvania and Maryland, residents in those states have the power to choose their energy provider, which means better options, opportunities and affordable energy. To save even more, Ambit Energy offers a 'Free Energy' referral program at www.AmbitEnergy.com.

Ambit Energy Surpasses 500000 Customers Q1 2011

Press Release | 6/10/2011

As a retail energy provider, Ambit Energy buys power wholesale and resells it to retail customers. Customers are acquired by the company's team of more than 130,000 Independent Consultants nation-wide. Ongoing customer relationships are supported by a people-focused, U.S.-based customer care center utilizing the company's patent-pending technology platform, Bluenet®, which manages all aspects of the customer life-cycle, from utility transactions between customers and transmission providers to web-based account management tools that include tracking and reporting customer referrals for Ambit's free energy program.

Ambit Announces New IT Executive

Press Release | 4/7/2011

"Ambit Energy's success is due in great part to the company's IT department. Their premier platform is a key differentiator that has not only allowed the company to grow, but to shine in quality of service in delivery, billing and customer services," said Jack Dowling, DFW SIM judge and past award recipient. "Based on his leadership of the IT department, John Burke rated high on all award criteria and was the clear winner for this award."

Burke was nominated for this award by Don Harman of Reflex Systems for his work in leading next generation technology initiatives, including the areas of virtualization and cloud computing at Ambit Energy. As the CIO at Ambit Energy, Burke's responsibilities include leading and managing all IT staff, systems and strategy, in addition to the company's project management organization. He oversees software development, production support, infrastructure and risk, and all billing and transaction management.

"John Burke is exceptionally smart and an incredible leader. He deserves this award," said Jere Thompson Jr., CEO and co-founder of Ambit Energy. "Under his creation and direction, Ambit Energy's systems enable our employees and Independent Consultants to provide accurate and responsive service to our 500,000+ customers. These same internally developed systems enable the company to efficiently deploy affordable energy services into new markets and easily accommodate the addition of hundreds of new customers each day."

The DFW SIM Chapter established the IT Executive of the Year Award in 1998 to recognize excellence in IT management within the Dallas/Fort Worth area. An independent panel of judges rates the nominees according to seven basic performance criteria. Included among these criteria are:

Demonstrate creative use of IT to strengthen the competitive position of their organization Improve the effectiveness, efficiency and quality of IT/IS services Elevate IT to a proactive role in the organization's overall strategic plan Demonstrate uncommon leadership within the IT community.

Burke has earned a variety of accolades for his accomplishments with the company. Most recently, he was named one of the Computerworld "Premier 100 IT Leaders for 2010," as well as one of the InformationWeek "Top 25 CTOs of 2010."

Ambit Ends Year With Two Recognitions

Press Release | 2/2/2011

"It is an honor to be acknowledged not just for our strong growth in sales but also for our culture, our people and the value we deliver to our customers," said Jere Thompson, Jr., co-founder and CEO, Ambit Energy. "Our mission to be the finest and most respected retail energy provider in the country is built upon delivering the best service and value to our customers, while hosting an honest, friendly workplace for our employees."

For two years in a row, Ambit Energy ranked number one on the SMU Cox Dallas 100™ list. The 2010 Dallas 100™ award winners were chosen based on increased growth in sales, both percentage of growth and absolute dollar growth between 2007 and 2010. In order to qualify for the Dallas 100™, a company must be an independent, privately held corporation; be headquartered in the Dallas area; have had sales of more than $500,000 in fiscal 2007; have had sales of not more than $75 million in 2007; have a three-year sales history reflecting growth; and, have a credit report and character satisfactory to the Dallas 100™, determined at the sole discretion of the Dallas 100™.

Ambit Energy was also ranked 24 for top midsize company on the Dallas Morning News' Top 100 Places to Work 2010 list, which recognized area companies who excel at creating and maintaining a dynamic, supportive and inclusive workplace despite the economic climate. Ambit Energy was one of only 18 companies that made the list two years in a row.

"It's our people and our culture that make Ambit Energy a great place to work," said Chris Chambless, co-founder and CMO, Ambit Energy. "We are strong believers in an open environment that facilitates rapid communication and in turn allows us to attract and retain bright, creative people who share our passion for serving our growing base of customers and consultants across the country."

Ambit Energy was also honored earlier this year by Inc. magazine's Inc. 500 list as "America's Fastest-Growing Private Company," reaching the top of the list when the company hit a three-year sales growth of more than 20,000 percent between 2006 and 2009.

Ambit Energy Ranks High On INC 500 List

Press Release | 1/2/2011

The Inc.500 ranking measures growth over a 3 year period, which was 2006 through 2009 for Ambit Energy in which their growth exploded from $1.6 million to $325 million, equating to 20,369 percent growth over those three years.

“We are thrilled and honored to achieve the number one ranking. When Chris Chambless, John Burke and I began a few years ago, our goal was to be the finest and most respected retail energy company. We never focused on becoming the fastest growing,” said Ambit Energy CEO Jere Thompson, Jr.

The company has repeatedly said their goal of becoming the “finest and most respected” is the most important and speaks volumes about what they’re doing to be right by the customer. As DSA members and BBB A rated is seems they are indeed focused on doing the right thing for their customers.

Ambit Energy Announces Maryland Expansion

Npros.com | 11/9/2010

Ambit Energy will initally engage in business with the Baltimore Gas & Electric service territory, serving over 1.2 million residential and business customers and over 600,000 gas customers.

Ambit Energy is currently ranked at #1 on the INC 500.

Ambit Energy Number 1 on Inc Fastest Growing Companies

Inc Magazine | 8/27/2010

"Dallas-based Ambit Energy is No. 1 on Inc. magazine's 29th Annual Inc. 500 List of the fastest growing companies in the U.S.

The energy company produced $325 million in revenue in 2009. That number is up from the $1.6 million it made in 2006, giving it a three-year growth rate of 20,369 percent.

"We are thrilled and honored to achieve the number one ranking. When Chris Chambless, John Burke and I began a few years ago, our goal was to be the finest and most respected retail energy company. We never focused on becoming the fastest growing," said Jere Thompson Jr., CEO. "

Click below for the complete article.

TV Campaign for Ambit Energy Launched by LEVELTWO

Npros.com | 5/26/2010

The campaign is aimed at bringing the language of electricity into a more understandable conversion to dollars saved. The television campaign will consist of four 30 second spots and three 15 second spots where customer's humorous stories of how they spent money they saved when switching to Ambit Energy.

Ambit Launches New Energy Plan

Press Release | 5/17/2010

The product is currently available where smart meters are installed in the service areas of Texas' two electricity delivery companies, Oncor and CenterPoint. The two companies have already installed more than a million smart meters with an additional million expected by the end of the year.

With the Ambit Smart Plan, each customer's usage is monitored every 15 minutes. Customers, in-turn, can pre-pay for electricity and manage their accounts online and in real time, Ambit Energy said.

Jere Thompson Jr, CEO of Ambit Energy, said: "This real-time technology has dramatically lowered the (credit) risk built into traditional pre-paid rates.

"As a result, we're able to offer a pre-paid, no-deposit product to our smart meter customers, at a savings that allows them to continue to buy groceries after they pay their energy bills. Most importantly, we've made it as transparent as possible, with no hidden fees or monthly charges."

Ambit Energy Launches Landmark Pre-Paid Energy Plan

Npros.com | 5/14/2010

DALLAS--(BUSINESS WIRE)--Dallas-based Ambit Energy, a leading national retail energy provider, announced an innovative product that offers new flexibility to budget-conscious consumers in select Texas markets. Called the Ambit Smart Plan, it offers customers with smart metering technology with the ability to purchase their electricity and monitor its usage in real time. The new product was created for consumers who have lower credit scores or who do not utilize traditional financial services.

The new product is currently available where smart meters are installed in the service areas of Texas’s two largest electricity delivery companies, Oncor and CenterPoint. The two companies have already installed more than a million smart meters with an additional million expected by the end of the year.

With the Ambit Smart Plan, each customer’s usage is monitored every 15 minutes. Customers, in-turn, can pre-pay for electricity and manage their accounts online and in real time. Ambit alerts customers via e-mail or text message with important account information, and sends them updates as to how much electricity they have remaining. The consumer pays only for the electricity they to use, as they use it.

“This real-time technology has dramatically lowered the (credit) risk built into traditional pre-paid rates,” said Ambit Energy CEO Jere Thompson, Jr. “As a result, we’re able to offer a pre-paid, no-deposit product to our smart meter customers, at a savings that allows them to continue to buy groceries after they pay their energy bills. Most importantly, we’ve made it as transparent as possible, with no hidden fees or monthly charges.”

Adds Thompson, this type of real-time, pre-paid electricity plan is ideal for the growing segment of underbanked consumers. According to the Federal Insurance Deposit Corp., about 36 percent of Texas households have to rely on alternative services such as non-bank money orders and check-cashing services to manage their finances.

According to Ambit Energy CMO Chris Chambless, the new product is also perfect for Ambit Energy’s growing team of Independent Consultants in Texas.”Rolling out our Smart Plan is like opening an entirely new market,” said Chambless. “As our Consultants work to educate Texas consumers about the benefits of deregulated energy, they will now have an even larger population of customers they can help save on their monthly electricity expenses.”

Ambit Press Release

Press Release | 4/12/2010

“When energy markets deregulate, the consumer wins. We are proud to say that we can now offer almost every customer in the state a lower cost option compared to the incumbent provider.” .“Expanding our presence in New York allows people looking to save on energy costs another valuable option,” said Ambit Energy CEO and co-founder Jere W. Thompson, Jr. “When energy markets deregulate, the consumer wins. We are proud to say that we can now offer almost every customer in the state a lower cost option compared to the incumbent provider.”

With this launch, Ambit Energy will now offer its competitive rates to a market of more than 871,000 electric and 256,000 gas customers – more than 40 percent of upstate New York.

As they have done in other New York market areas such as Con Edison and National Grid, Ambit Energy’s team and independent Consultants will work with customers interested in switching providers, as well as those interested in the business opportunity offered through Ambit Energy.

“Now that we have expanded our presence in New York, our independent Consultants are able to serve even more people looking to save on energy costs,” said Ambit Energy CMO and co-founder Chris Chambless. “As the warmer months approach, we believe this launch is timely and will help New York consumers in the NYSEG territory switch and save.”

As in other New York markets, Ambit Energy will offer a competitive monthly rate and annual savings guarantee.

For information on Ambit Energy’s rates, services or launch into the NYSEG Territory, visit AmbitEnergy.com or call (877) 28-AMBIT.

Ambit Energy to Launch Service in NYSEG Territory

Npros.com | 10/25/2009

"We look forward to expanding our presence in New York and are proud to say that we can now offer almost every customer in the state a lower cost option compared to the incumbent provider," said Ambit Energy CEO and co-founder Jere W. Thompson, Jr."The New York markets continue to prove themselves as very receptive to the benefits of competition in the energy industry."

Ambit Mention on BlackNews

BlackNews.com | 2/22/2008