Business owners continue to see the cost of energy increase above inflation rates ahead of a cold winter. Pennsylvania clients electricity supply rates are increasing up to 34% this winter. For high energy consumers, this means a significant increase to their operating budget in an economy already facing multiple challenges. There are a few things […]
Seth Mansur is a renewable energy strategist and joined Genie Solar Energy to improve the bottom line of commercial & industrial clients. After spending nearly a decade working in the energy industry serving multimillion-dollar companies to startups, Seth excels at evaluating market opportunities to determine an optimal path to achieve their goals. With the energy […]
Bloomberg recently reported that ESS Inc’s iron-flow storage technologies could be the long-duration storage technology that we have been looking for. The company claims that the technology can not only store renewable energy longer, but help overcome some the reliability issues causing blackouts in California and the record-high energy prices currently seen in Europe. […]
Bill Schmitz worked with Genie Energy (NYSE:GNE) to establish and develop Genie Solar in 2016. As the General Manager, Bill leads the team in engineering, project management, supply chain reliance, vendor management, and product development. Strategically guiding and assisting our staff to create and design energy systems that support our commercial solar clients’ needs. Prior […]
New Jersey commercial solar incentive are some the country’s top incentives. The state incentives plus the federal tax benefits can provide your company an ROI in year 3. Plus, solar provides long-term stability against rising electricity rates. Maximizing the benefits available are key to making a smart, long-term investment. The NJ BPU recently voted to […]
Electricity futures prices are soaring. In the New England power market alone, the forward pricing for January-February 2022 have already increased from $40-$50 / MWh in recent years to $150 / MWh. Considering the inflation, the country is seeing as a whole, rising electricity prices will not come to a surprise to most. Natural gas […]
A Renewable Energy Credit (REC) is created for every megawatt hour (or 1,000 kilowatt hours) produced by a renewable energy source – like solar. How are RECs monetized? RECs are sold to the utility and third-party electricity suppliers whom are required to purchase renewable energy – either through generation or RECs. The required amount is […]
Pro-business regulatory policy and state specific financial incentive programs have helped Connecticut become one of the most financially favorable states in the nation for commercial solar investment. In addition to incentives afforded at the federal level, such as the Investment Tax Credit and the option to accelerate the depreciation to maximize solar’s tax advantage, business’s who […]
Genie Solar Energy is proud to be featured in North American Outlook by Outlook Publishing’s most recent publication for our impact on #PoweringAmerica. Highlighted along with Genie Energy subsidiaries, Prism Solar Technologies, Inc. and Diversegy, LLC, our Managing Director, Sara Schwandt talks about solar solutions and how we are working to drive the #CleanEnergyRevolution forward for our commercial and industrial customers by #PoweringAmerica. Read more at: https://lnkd.in/e6hjNP4
Genie Solar Energy partnered with Kraft Power Corporation to build a 57.5 kW rooftop solar system. Installed at its distribution center in Pompton Plains, NJ, it will supply Kraft with enough clean electricity 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 […]
Genie Energy Ltd., (NYSE: GNE, GNEPRA) is a global energy solutions company. We supply customers in the US and Europe with electricity, including electricity generated from renewable resources and with natural gas. Through Genie Solar Energy and Prism Solar, we design, construct and install commercial solar energy solutions. We provide commercial and industrial clients with energy brokerage and consultative services through our Diversegy brand.
