Business Description

BUSINESS OVERVIEW Genie Energy Ltd. is end-to-end provider of energy services. We manage our business and report results through two reporting segments. ● Genie Retail Energy (“GRE”) supplies electricity and natural gas to residential and small business customers through retail energy providers ("REPs") operating in certain deregulated markets within the United States; and ● Genie Renewables ("GREW") is primarily comprised of the following three lines of businesses: o Genie Solar — an integrated solar energy company; o CityCom Solar (“CityCom”) — a marketer of community solar and alternative products and services complementary to our energy offerings; o Diversegy LLC (“Diversegy”) — an energy procurement advisor for industrial, commercial and municipal customers; and o Roded Recycling Industries ("Roded") — a producer of high-grade plastic pallets from recycled materials.