Ambit Energy Surpasses 700,000 Customers

Ambit Energy announced that the company ended 2011 with over 700,000 customers, an increase of more than 250,000 for the year.

Ambit's customer base grew over 65% for the second year in a row, said Jere Thompson Jr., Ambit Energy co-founder and CEO.

Contributing to Ambit's late-2011 growth was the completion of a 32-market expansion, including eight residential markets and 24 small commercial markets and continued growth in the Texas ERCOT market.

As previously reported, Ambit recently announced plans to continue to expand service in five states.