Dallas-based energy company Stream Energy was profiled on Patch.com in an article covering their new philanthropic arm, Stream Cares, launched in the wake of Hurricane Harvey’s displacement of numerous Houston residents, including customers of Stream Energy.
While corporate charity is not a new phenomenon, the article points out that the creation of a separate philanthropic arm for a company is a relatively new innovation, and provides the dual advantages of aiding the serviced community while also revolutionizing the image of the company in the eyes of the public. With Hurricane Harvey having deposited as much as 56 inches of rain in Houston alone, the formation of Steam Cares comes at a time of need for many who have had their lives drastically altered.
The direct-selling energy company has been heavily involved in philanthropic efforts for the majority of its fifteen-year existence and has in the process formed strategic partnerships with lauded organizations such as the Red Cross, the Salvation Army and Habitat for Humanity, as well as Dallas-based charity Hope Supply Co., which works to provide hygiene items, food, clothing and education supplies to homeless children. Stream has also displayed its dedication to charity in the wake of numerous preceding natural disasters, including in its aid of people affected by a series of tornadoes that hit North Texas in late December 2016.
Stream Energy was founded in 2005 by entrepreneurs Rob Snyder and Pierre Koshakji, designed to provide affordable energy services, sold to customers by in-person contractors. Currently boasting an employee count of more than 200 people nationwide, Stream Energy services neighborhoods in seven of the country’s most populous states, including New York, New Jersey, Washington D.C., Pennsylvania, Georgia, Maryland and Texas, where the outfit is headquartered. The company has also expanded its range of provided products and services to include wireless, home and protective services.