Ambit Energy Expands to Japan

Ambit Energy, the world’s largest direct seller of energy and a leading U.S. retail energy provider, today announced that it has expanded into Japan, the company’s first international market.

The Japanese retail electricity market was fully deregulated on April 1, 2016. Its 84 million residential and small commercial customers represent a more than $70 billion annual revenue opportunity for Ambit and is the largest single electricity market deregulation in history.

Our expansion into Japan represents an unprecedented growth opportunity for Ambit. We are excited to introduce millions of new customers to our quality electricity services at attractive prices”

Jere Thompson, Jr., Co-Founder and CEO of Ambit Energy

Chris Chambless, Co-Founder and CMO of Ambit Energy and President of Ambit Energy Japan, said, “When we founded Ambit more than a decade ago, we set out to become the finest and most-respected retail energy provider in America, and we are thrilled to bring that same commitment to excellence and customer service to Japan.”

Ambit will offer services in nine utility areas throughout Japan, including Tokyo, Kansai, Chugoku, Chubu, Kyushu, Shikoku, Tohoku, Hokkaido and Hokuriku.

Founded in 2006, Ambit currently provides electricity and natural gas services in deregulated markets in 16 states and Washington D.C. The company has more than 1.2 million U.S. customers, over 400,000 Independent Consultants and recorded revenue totaling more than $1.2 billion in 2016.

(BUSINESS WIRE)