Monday, June 6, 2011

The Spark that Started it All

The History of Our Affordable Energy Company

Ambit Energy was founded in early 2006 at a Potbelly’s restaurant in Addison, Texas over a couple of turkey sandwiches. Introduced through a mutual friend, Jere Thompson and Chris Chambless met for lunch to discuss energy deregulation. They liked the opportunity, and they liked each other. During lunch, they made a few important decisions: to build the finest and most respected retail energy company in America, provide affordable electricity and gas, and to never sacrifice their integrity for growth.

The work began immediately in an office space borrowed from Jere’s brother, David. A few weeks later, Jere and Chris set up their own offices in an open, renovated warehouse in the historic West End district of downtown Dallas, Texas. They bought several $19 fold-up tables to use as desks and assembled an experienced team of executives who shared their vision. The rest is history and the results have been extraordinary.

In 2008, Ambit recorded revenues of almost $200 million and nearly $325 million in 2009. In fact, as a result of our tremendous growth, Ambit Energy 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 was another banner year when it came to recognition for the company. For the second year in a row, Ambit was ranked #1 on the SMU/Cox Dallas 100™ and among 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 on top of the publication’s renowned "Inc. 500" list.

Today, our existing customer relationships are managed by a well-trained, US-based Customer Care center. BlueNet™ manages all aspects of the customer life-cycle, from the utility transactions that take place between customers and transmission providers to web-based account management tools, to billing and collections.

Right now, we're one of the fastest growing retail energy providers in every market where we operate. And all of the members of our executive team, including Jere and Chris, still sit at those $19 fold-up tables. Stop by for a visit the next time you’re in Dallas.

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