Bulb, the U.K. retail energy supplier which recently entered the Texas market as first reported by EnergyChoiceMatters.com, is targeting a goal of serving 100 million homes worldwide, the Belfast Telegraph reports

Bulb now serves 1.6 million members.

Bulb's target was announced in conjunction with its release of financial results for the period April 2018 - March 2019

Bulb reported a wider loss of £129 million for the period April 2018 - March 2019, versus £28 million for the prior year

The company said that the loss was planned due to its investment in expansion and new technology

Gross profit was £8 million.

Bulb reported revenue of £823 million, up from £183 million in the prior year

In 2019 Bulb launched in the US, Spain and France. "In all three locations, we’re working with the first few members to test the service, before opening up to more people in 2020," the company said

"In 2020, we’ll fully launch Bulb in Texas, France and Spain," the company said

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