Ambit Energy Tops Inc Magazine’s List Of The 500 Fastest Growing Companies

Posted on August 26th, 2010 by

How much renewable energy is the US consuming? Which oil company is working to improve their back office, who’s #1 on Inc. Magazine’s fastest growing company list, and Utility Integration Solutions adds a Kennedy to its board of directors.

A new report by the Energy Information Administration shows that 7% of all energy consumed in the US comes from renewable energy. The sector rose 10 percent to 7.367 quadrillion Btu between 2007 and 2008. Wind generation grew 61 % for the year and accounts for 15% of total renewable generation. Consumption of biofuels also rose significantly with the consumption of the transportation fuel increasing 873 trillion Btu from 2004 to 2008.

Sunoco has agreed to allow IBM to provide managed business process services and application support services. The petroleum and petrochemical company will have IBM make its back office systems more efficient  IBM will also provide Sunoco access to its global operations centers, which will provide Sunoco the ability to better manage its Application Enhancement, Application Maintenance, Finance and Accounting, and Indirect Procurement processes.

Inc. magazine has ranked Ambit Energy as the fastest growing company on its exclusive Inc. 500 ranking of the nation’s fastest-growing private companies. Ambit, which is a leading retail electric and natural gas provider in Texas, Illinois and New York has seen its annual revenues skyrocket from $1.6 million in 2006 to $325 million in 2009.

Utility Integration Solutions, Inc. (UISOL), a leading demand response company has named renowned environmental advocate Robert F. Kennedy, Jr. to the company’s board of directors. Their demand response management software DRBizNet supports more than 200 companies that manage over 7000 megawatts of demand response from 450,000 end-use customers.

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