Ambit Energy Named Fastest Growing Co. in U.S.

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    NEWSLETTERS

    TK
    NBCDFW.com
    The hot weather is giving power-generation companies a workout.

    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.

    Thompson credits the company's growth to up-front investing in building a system that could grow quickly.

    Ambit is an energy provider for Texas, New York and Illinois that offers fixed-rate and variable priec energy plans.