Lumo Finland declared bankruptcy in November 2022, with its management transferred to the Lumo Administrators, leading to the deconsolidation of Lumo Finland's accounts. Following the discontinuation of operations of Lumo Finland and Lumo Sweden, GRE International ceased to be reported as a separate segment. The company acquired Retail Energy Holdings, LLC, operating under Town Square Energy, in November 2016, and Mirabito Natural Gas, a commercial supplier in Florida, in August 2017. In 2023, Genie Solar initiated company-owned solar generation projects in Upstate New York and acquired a portfolio of operating assets in late 2023 and early 2024.
Genie Energy Ltd's Comment on Supply Chain
Lumo Finland declared bankruptcy in November 2022, with its management transferred to the Lumo Administrators, leading to the deconsolidation of Lumo Finland's accounts. Following the discontinuation of operations of Lumo Finland and Lumo Sweden, GRE International ceased to be reported as a separate segment. The company acquired Retail Energy Holdings, LLC, operating under Town Square Energy, in November 2016, and Mirabito Natural Gas, a commercial supplier in Florida, in August 2017. In 2023, Genie Solar initiated company-owned solar generation projects in Upstate New York and acquired a portfolio of operating assets in late 2023 and early 2024.
Sources:
Genie Energy Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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