High Quality Content by WIKIPEDIA articles! Genie Energy Ltd. is an energy company headquartered in Newark, New Jersey. It is a holding company comprising IDT Energy, a retail energy provider, and Genie Oil & Gas, which controls the company`s ventures in oil shale research and development in Colorado and Israel. Genie was part of IDT Corporation. IDT spun off Genie to its shareholders on October 31, 2011, at which point Class B common stock of Genie Energy Ltd. began trading on the NYSE under the ticker symbol "GNE".