The energy industry's impact on the Houston housing market
Homes for sale in Houston are being purchased at rapid rates, thanks in part to the area's booming energy sector.
According to the Houston Business Journal, several local energy companies have recently experienced significant revenue growth. These businesses play a major role in the city's economy by providing employment opportunities to residents.
Take a look at a few of the energy firms that earned a place on the publication's list of the 100 fastest-growing private companies in Houston.
Owner of the number one spot on the list, Potentia Energy serves commercial and residential customers throughout Texas. The company is family-run and locally owned, and takes pride in award-winning customer service that has helped the electricity provider distinguish itself from others.
The news source notes that Potentia Energy saw its revenue increase 19,918 percent between 2009 and 2011. Additionally, this company has 15,000 customers under contract, and posted $22.2 million in profits last year - tremendous success for a company with only 14 staff members.
"Our growth has enabled us to pressure test our outstanding customer experience and has subsequently led to constructive innovations within our organization," Potentia Energy Manager of Operations Zarah Charania said. "We are working toward a bright future for Potentia and are excited to unveil new offerings for our customers and new programs for our channel partners in the upcoming months."
Alternative Power Solutions
A provider of solar power for business operators and homeowners in Houston, Alternative Power Solutions finished 10th on the publication's list. This company emphasizes the benefits of non-traditional energy sources, providing solar panels to help local residents meet their energy needs.
Alternative Power Solution was founded in 2007, has 63 employees and boasted $6.5 million in revenue last year.
Energy Waterproofing & Roofing Systems
The team at Energy Waterproofing & Roofing Systems (EWRS) has come a long way in a short amount of time. This company was started by Brent and Beckye Manzel from a spare bedroom in their apartment in 2002, and earned more than $1.2 million in revenue last year.
EWRS has five employees, and emphasizes roofing and waterproofing options for commercial, industrial and multifamily properties. It stresses the importance of providing "Energy Efficient Roofs You'll Appreciate Rain or Shine," and strives to deliver high-quality roofing systems by using best industry practices.