Genesis Energy Limited (GNE.AX) generates, retails and wholesales electricity, natural gas and liquefied petroleum gas (LPG) to residential and business customers across New Zealand; operates a diversified portfolio of generation assets including the 953 MW Huntly thermal power station (coal- and gas-fired), the 362 MW Tongariro hydro scheme (Rangipo, Tokaanu and Mangaio stations), the 138 MW Waikaremoana hydro scheme (Tuai, Kaitawa and Piripakau stations), the 190 MW Tekapo hydro scheme and the 22 MW Hau Nui wind farm; explores, develops and produces petroleum products through a 46% interest in the Kupe oil and gas field; supplies energy via retail brands Genesis Energy and Energy Online to over 650,000 customers nationwide; offers innovative services such as solar buy-back at 12.5c/kWh, Energy EV plans with 50% cheaper nighttime electricity rates, dual fuel discounts up to 11%, Power Shouts rewards and mobile apps for usage tracking; and provides wholesale electricity, gas, LPG, coal and derivatives trading. Founded in 1999 and headquartered at 155 Fanshawe Street in Auckland's Wynyard Quarter, the company -- New Zealand's largest energy retailer with more than 25% market share and over 15% of national electricity generation -- operates solely within New Zealand through Retail, Wholesale, Kupe and Corporate segments, with the New Zealand Government holding a 51% stake under a mixed ownership model. In recent developments, Genesis acquired rights to the advanced-stage 271 MWp Rangiriri solar farm in Waikato (expected first generation mid-FY29, annual output 437 GWh powering 54,600 homes) and a 127 MWp Edgecumbe solar project (construction start mid-2025, generation from 2026), boosting its advanced solar pipeline to 700 MWp in support of the Gen35 strategy targeting 95% renewable baseload generation by 2035 and Huntly capacity repurposing; mutually terminated its solar development joint venture with FRV Australia while retaining co-ownership of the 63 MWp Lauriston solar farm (opened April 2025); acquired a 65% stake in EV charging network ChargeNet NZ Ltd (NZ$64 million); and completed a 200 MWh Huntly battery under construction; though reporting a 2024 Kupe reserves downgrade of 81 petajoules (NZ$64 million writedown) and profit decline amid power station outages.