Genie Energy Ltd. (GNE)

Overview

Genie Energy Ltd. stands as a distinctive entity in the energy sector through its comprehensive efforts to supply electricity and natural gas to a diverse clientele composed of residential and small business customers across the United States and beyond its borders. Since its incorporation in 2011, with a strategic headquarters placed in Newark, New Jersey, the company has diligently expanded its operational horizons. Its activities are neatly compartmentalized into two operational segments, namely GRE and Genie Renewables. This dichotomy allows Genie Energy to streamline its focus on conventional energy supplies whilst simultaneously pioneering in the renewable energy domain, ensuring a balanced approach towards energy provision that caters to the dynamic needs of today’s society.

Products and Services

Genie Energy Ltd. offers a variety of products and services that cater to a wide array of energy needs, including:

• Electricity and Natural Gas Supply

This core service provision caters to the crucial need for reliable and efficient energy supply to both residential and small business customers. Through strategic acquisition of energy resources and an extensive supply network, Genie Energy stands as a pivotal provider in its operational territories.

• Solar Energy Projects

Understanding the growing demand for sustainable energy solutions, Genie Energy has ventured into the development, construction, and operation of solar energy projects. This not only includes services for commercial and industrial customers but also extends to the creation and operation of solar projects from within its own portfolio, emphasizing the company’s commitment to renewable energy.

• Energy Brokerage and Advisory Services

In a market that's ever-evolving, Genie Energy provides vital brokerage and advisory services, assisting clients in navigating the complexities of energy procurement and management. This service is critical for businesses seeking to optimize their energy consumption and costs effectively.

• Community Solar Energy Solutions

Highlighting a community-centric approach, Genie Energy markets solar energy solutions that allow communities to benefit from solar power without the need to install individual systems. This initiative not only fosters community participation in renewable energy but also promotes sustainability and environmental responsibility.

• Solar Panels Manufacturing and Distribution

In its bid to support and enhance solar energy adoption, Genie Energy manufactures and distributes solar panels. This effort compliments its solar installation design and project management activities, ensuring that quality solar solutions are accessible and efficiently deployed.