Stream Energy is one of the largest direct selling energy companies in the world. It was founded in 2005 and has used word of mouth to sell energy. The unique tactic helped to position Stream energy in an already crowded industry. The company provides energy plans such as the Stream Budget Power Plan, which has a standard low payment for the customer all year, the smart 30 thermostat plan that comes with a free Lyric thermostat. The program allows users to control their home temperature remotely using a smartphone or a tablet. Apart from offering options effective for saving cost, Stream energy is also committed to preserving the environment. They provide an opportunity for customers to purchase green and clean services sourced from renewable energy.
Stream Energy takes corporate philanthropy very seriously and has set up a robust corporate social responsibility section. The company recently launched a charity foundation known as Stream Cares to formalize its generosity and make it available countrywide. During the hurricane Harvey disaster, Stream was at the forefront of helping its customers through recovery and easing their financial burden. Their business model helps to build a secure network of customers.
Through direct selling, they can pay more associates and deliver an array of products to individuals as well as corporates. They earn commission on their sales and also choose a charitable cause, particularly homelessness. The company has kept track of the homelessness rates in Dallas and noted that it is at an increased rate of 24%; this has motivated the company to expand its efforts toward the cause.
Stream Energy has partnered with the Dallas-based Hope Supply Co. to provide a worthwhile experience to homeless children at the annual splash. The event allows homeless children into the water park and allows the employees to involve themselves in this experience as well as providing funding and supplies. The company was also at the forefront in helping the Texas Tornado victims and has also been actively involved in giving moral and financial support to its veterans and their families. The company has committed itself to give back, and it is continuously looking for new and strategic ways to give back especially on causes that combine their efforts with their associates.