Ambit Energy News

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. "

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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.

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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."

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Ambit Mention on BlackNews

BlackNews.com | 2/22/2008

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