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Genie Energy Ltd Reports First Quarter 2021 Results

Share this article Share this article NEWARK, N.J., May 6, 2021 /PRNewswire/ Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported record revenue of $135.3 million and a loss per diluted share of $0.09 for the first quarter 2021. CONSOLIDATED HIGHLIGHTS (Throughout this release, 1Q21 results are compared to 1Q20 results unless otherwise noted) Global RCEs served increased by 49,000 or 12.1% year over to year to 450,000. Global meters served increased by 40,000 or 7.6% year over to year to 572,000. Consolidated revenue increased 30.1% to $135.3 million from $104.1 million driven by increased per meter consumption in domestic markets and by the consolidation of Orbit Energy during 4Q20. Genie Retail Energy (GRE), Genie s domestic retail energy supply business, generated income from operations of $1.2 million compared to $13.0 million in 1Q20. The 1Q21 results reflect a negative impact of approximately $13.0 million attributable to the impact of a severe winter storm and resulta

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PV - Genie Solar Energy Completes Rooftop Solar Installation in New Jersey - Renewable Energy Magazine, at the heart of clean energy journalism

Courtesy of Genie Solar Energy Kraft Power s 57.5 kW custom rooftop solar system was installed at its distribution center in Pompton Plains, New Jersey. It will supply Kraft with clean electricity sufficient to offset the equivalent CO 2 emissions generated by burning over 447,960 pounds of coal, 1,008,804 miles driven by combustion powered cars or 46 houses per year for the next 25 years. Kraft Power is elated that, with the completion of this project, we are able to offset up to 100% of our average electricity consumption with electricity generated by American-made solar panels, said Owen Duffy, CEO of Kraft Power. As a provider of on-site critical power systems to our clients facilities, we continue to lead by example through the expansion of our solar program. With the solar arrays now in place at our New Jersey location, we have taken another big step to reduce our consumption of utility-generated power while substantially cutting electricity costs.

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Genie Solar Energy completes rooftop solar installation for Kraft Power

Genie Solar Energy completes rooftop solar installation for Kraft Power
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Genie Solar Energy Completes Rooftop Solar Installation Using Panels Made In America

Genie Solar Energy Completes Rooftop Solar Installation Using Panels Made In America Kraft Power, provider of on-site energy generation and cogeneration systems, sees bottom line benefits while contributing to a cleaner and greener environment News provided by Share this article Share this article NEWARK, N.J., Feb. 16, 2021 /PRNewswire/ Genie Solar Energy, a developer, designer and installer of commercial solar systems, has completed an innovative rooftop solar installation for Kraft Power, a provider of generator and cogeneration systems. Kraft Power s affordable and efficient rooftop designed and installed by Genie Solar Energy Kraft Power s 57.5 kW custom rooftop solar system was installed at its distribution center in Pompton Plains, NJ. It will supply Kraft with clean electricity sufficient to offset the equivalent CO2 emissions generated by burning over 447,960 pounds of coal, 1,008,804 miles driven by combustion powered cars or 46 houses per year for the next 25

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Секреты успеха лучших производителей

Секреты успеха лучших производителей
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