Genie Energy

Genie Energy Ltd. is a public energy company that operates in the United States and Israel. The company was founded in 2011 and is headquartered in Newark, New Jersey, United States. It is focused on the production and sale of natural gas and oil, as well as the development and commercialization of alternative and renewable energy solutions.
Genie Energy has several subsidiary companies, including Genie Oil and Gas, LLC, which holds interests in oil and gas properties in Colorado, Israel, and Mongolia; Genie Oil Shale, LLC, which is focused on developing oil shale resources in Colorado; and Afek Oil and Gas, which is involved in oil exploration and production in the Golan Heights region of Israel.
Additionally, Genie Energy also has a subsidiary called Genie Retail Energy, which offers electricity and natural gas services to residential and commercial customers in deregulated energy markets.
The company has a diverse management team with experience in the energy industry, including former government officials, scientists, and business executives. Genie Energy is traded on the NYSE under the ticker symbol GNE.

1. Innovative Business Model: Genie Energy operates with a unique business model focused on the development and deployment of innovative energy technologies and solutions.
2. Diversified Portfolio: The company has a diverse portfolio, including traditional energy sources, such as oil and natural gas, as well as renewable energy sources like solar and wind power.
3. Strategic Partnerships: Genie Energy has strong partnerships with leading energy companies, research institutions, and government agencies, allowing it to access cutting-edge technologies and expertise.
4. Talented Leadership: The company’s leadership team consists of experienced industry executives, scientists, engineers, and entrepreneurs, bringing a diverse set of skills and perspectives to the company’s operations.
5. High-quality Assets: Genie Energy’s assets consist of some of the most prized oilfields and energy resources in the world, giving the company a strong foundation for growth and success.
6. Strong Financial Performance: Despite the highly competitive energy sector, Genie Energy has maintained a strong financial position and has consistently delivered strong results for its shareholders.
7. Social Responsibility: The company has a strong commitment to social responsibility and is actively involved in community development and environmental sustainability initiatives.
8. Emphasis on Innovation: Genie Energy is constantly looking for ways to improve and innovate its operations, investing in research and development to create cutting-edge solutions for the energy industry.
9. Focus on Sustainability: As a provider of both traditional and renewable energy sources, Genie Energy is committed to promoting sustainable and environmentally friendly practices in its operations.
10. Potential for Growth: With its innovative business model, strong partnerships, and commitment to innovation and sustainability, Genie Energy has significant potential for growth in the rapidly evolving energy industry.

The Genie Energy company is an American energy company that specializes in retail electricity and natural gas supply, as well as renewable energy solutions. Its business model focuses on providing affordable and reliable energy options to residential and commercial customers across the United States. It operates through a network of independent sales agents and affiliates, and also offers customized energy plans and management services to large business clients. In addition, the company has a subsidiary, Genie Retail Energy, which focuses on developing and implementing renewable energy solutions, such as solar panels and wind turbines. Genie Energy also has partnerships and joint ventures with other energy companies, allowing it to expand its energy offerings and access new markets. Overall, Genie Energy’s business model revolves around providing accessible energy solutions to diverse customers while continuously seeking ways to innovate and grow in the energy industry.

1. Genie Energy was founded in Newark, New Jersey in 2011 by Howard Jonas, an entrepreneur and philanthropist.
2. The company’s logo features a genie lamp, representing the company’s mission to unleash the power of the earth’s resources.
3. Genie Energy is a publicly traded company on the New York Stock Exchange under the ticker symbol GNE.
4. The company’s main focus is on energy production and exploration, with a particular emphasis on oil and gas projects in Israel, the United States, and Mongolia.
5. Genie Energy’s subsidiaries include Genie Oil & Gas, Genie Retail Energy, Genie Energy Services, and Genie Energy International Corporation.
6. The company has a diverse portfolio of energy assets, including shale oil projects in Israel, an oil exploration project in Mongolia, and retail energy suppliers in the US.
7. In addition to its energy projects, Genie Energy also specializes in data analytics and has a subsidiary, Lumesis, which provides data and analytics for the municipal bond market.
8. Genie Energy has faced controversy for its involvement in oil and gas projects in the Golan Heights, a disputed region between Israel and Syria. Critics argue that the company’s operations in this area contribute to the ongoing conflict in the region.
9. The company has also faced criticism for its ties to political figures, including former Vice President Dick Cheney, who served as an advisor to the company’s board of directors from 2011 to 2016.
10. In 2016, Genie Energy announced a partnership with Afek Oil and Gas, a subsidiary of the company Israel Opportunity Energy Resources, to drill for oil in the Golan Heights. The project continues to face opposition from local and international communities.
See Company Due Diligence: