Genie Energy Ltd.

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. REPORTABLE SEGMENTS We have two reportable business segments: GRE and GREW. Our reportable segments are distinguished by types of service, customers and customer geography. Financial information by segment and geographic areas is presented in " Note 20 Business Segment and Geographic Information " in the Notes to our Consolidated Financial Statements in this Annual Report. The Company owns 100% of Genie Retail Energy, Inc. and 95.5% of Genie Energy Services, LLC ( GES ). GES holds our interest in the entities comprising the GREW segment. In the third quarter of 2022, the Company ceased to operate a former segment, GRE International ( GREI ).