GNE
- Genie Energy Ltd.
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Overview
Company Summary
Genie Energy Ltd., or GNE, is a multinational energy company that operates in various segments of the energy industry. The company focuses on providing innovative and sustainable solutions in the exploration, production, and distribution of energy sources.
GNE primarily operates through its two main subsidiaries: Genie Retail Energy and Genie Oil and Gas. Genie Retail Energy is involved in the retail sales of electricity and natural gas to residential and commercial customers in North America. Through competitive pricing and customized plans, they aim to meet the diverse energy needs of their customers.
On the other hand, Genie Oil and Gas is engaged in the exploration and production of hydrocarbon resources. They focus on developing oil and gas fields globally, with a particular emphasis on unconventional shale resources. The company employs advanced technologies and techniques to extract these resources safely and efficiently.
Apart from these core segments, GNE has also invested in alternative energy sources and technologies. They have a subsidiary called Genie Solar Energy, which is involved in the production and installation of solar panels, enabling customers to harness renewable energy.
Additionally, GNE has a strategic focus on research and development in the energy sector. They actively explore new technologies, advancements, and investment opportunities to stay ahead in the rapidly evolving energy industry.
Overall, Genie Energy Ltd. operates across multiple aspects of the energy sector, providing retail energy solutions, exploring and producing hydrocarbon resources, promoting renewable energy, and conducting innovative research to drive sustainable energy practices.