HOUSTON, Aug. 16, 2017 /PRNewswire/ -- Discount Power Texas (Discount Power), a brand of Volterra Energy Holdings (VEH), today announced that the company has been named in the top 100 of the 2017 Inc. 5000 list of fastest-growing private companies in the United States for the second consecutive year. The company ranks 52nd nationwide on the magazine's annual Inc. 5000 list, which Inc. disclosed today. Additionally, Discount Power ranked No. 1 in Houston and No.3 in Texas, and is the fastest-growing retail energy provider in the country for the second year in a row. The company was ranked 80th nationwide in last year's list.
"We are thrilled at our significantly higher ranking on Inc.'s fastest-growing private company list," said Discount Power Chief Executive Officer Neville Ravji. "We are very excited about our 52nd ranking in this year's list. The company's industry-leading growth in the retail electricity space is a direct result of the team's commitment to providing great plans and top-tier service to our customers and is further validation of our business model."
The Inc. 5000 list ranks companies on growth over a three-year period. Past honorees have included Zappos, Microsoft, GoPro, Patagonia and Oracle.
"This recognition is a testament to our customer-focused business model and great team here at Discount Power," said Mohsin Hassan, Chief Operating Officer at Discount Power. "Our ranking as the fastest-growing retail energy provider in the country for the second year in a row is re-affirmation of our unique market segmentation and branding strategy, which no other competitor has been able to replicate."
Currently, Discount Power has 42 employees and reported revenues of $98.1 million in 2016 and projects revenues of $150 million in 2017. The company plans to expand its service outside of Texas in 2018.
Originally introduced as the Inc. 500 in 1982, the list was expanded to the Inc. 5000 in 2007. Today, the Inc. 5000 showcases the top-performing privately held companies in the nation based on overall revenue growth over the course of a three-year period. Additional information about the 2017 list of Inc. 5000 companies can be found at: www.inc.com/inc5000
About Discount Power
Discount Power is a retail electric provider based in Houston, Texas. Discount Power comprises industry experts with more than 75 years of experience in the energy industry. The team at Discount Power has been involved in all of the business elements of the energy market since the beginning of retail deregulation in Texas and has collectively served hundreds of thousands of residential and commercial customers. The company was ranked in the top 100 of Inc. Magazine's "Fastest Growing Private Companies in America" in 2016 and 2017. It won the Pinnacle Award for 2017 from the Houston Better Business Bureau. For more information, visit www.discountpowertx.com.
About Volterra Energy Holdings
Volterra Energy Holdings LLC (VEH) is the parent company to multiple retail electricity brands. In a short period of just over three years, the company's brands have become leading brands in key market segments in Texas, including the South Asian market and other affinity markets. They serve both residential and commercial customers across the state. The brands specialize in identification of and focus on micro and macro market segments through unique marketing strategies. The company serves close to 200,000 residential customer equivalents in the state of Texas and has plans to launch its services in other states in 2018. For more information, visit www.volterraenergyholdings.com.
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SOURCE Discount Power Texas