insurance

In an industry grappling with decarbonization mandates, volatile energy markets, and supply chain uncertainty, another threat has quietly emerged with the power to upend everything: the courtroom. Mega verdicts—jury awards exceeding $10 million—are not new. But the scale, frequency, and unpredictability of these rulings are escalating. According to a 2025 corporate verdicts report published by […]

Extreme weather events have increased in frequency and intensity, but renewable energy projects can maintain financial stability through sound technical and financial risk mitigation strategies. Extreme

In the face of escalating climate challenges, renewable energy asset owners come to a critical crossroads: invest in resilient, hardened assets or opt for standard equipment to minimize upfront costs. In the context of solar energy, resilience refers to an asset’s ability to withstand, adapt to, and quickly recover from disruptions caused by extreme weather […]

Mitigating against the risk of hail for solar projects is both extremely complicated and more straightforward than you may think. Natural catastrophes (NatCat), particularly hail, pose a significant risk for solar projects and can lead to severe damage with cost impacts for projects and insurers. In this article, we look at the risk that hail […]

Battery energy storage systems (BESS) have emerged as a crucial technology for storing and dispatching energy when needed. However, the rapid expansion of BESS has been accompanied by safety and risk management challenges. Most BESS units use lithium-ion batteries, which require particular care to avoid fire concerns. Though lithium-ion BESS is overall a safe and […]

As the urgency to combat climate change intensifies, the energy sector faces unprecedented financial risks. One of the most pressing issues is the risk of stranded assets. This challenge was first brought to widespread attention by the Carbon Tracker Initiative’s 2011 report, which highlighted the financial risks associated with unburnable carbon. Now, the risk of […]

Combined cycle gas turbine (CCGT) power plants started appearing on a larger scale in the late 1990s and have since then been a very efficient supplier of baseload and lately peaking capacity to the power grids. The U.S. Energy Information Administration (EIA) recently reported that natural gas–fired capacity additions are increasing in the U.S. again […]

In May 2024, stargazers and smartphone photographers witnessed a spectacular moment in time over the course of two nights. Social media and news outlets were dazzled by incandescent light plays from around the world—magenta skies gleamed over the city of Vienna, rainbow hues illuminated a lighthouse in England, emerald displays lit up the lakes of […]

Owners and operators of thermal and renewable energy infrastructure are navigating new and emerging risks due to digitization of the grid, an uncertain regulatory landscape, and changing environmental and weather patterns. These factors and others are forcing risk management stakeholders to increase preparation and resilience of their organizations. As digital transformation accelerates in the power […]

Renewable energy technologies, including solar, wind, hydro, and battery energy storage systems (BESS), are at the forefront of the global energy transition. The U.S. and Latin America (LATAM) are witnessing significant advancements in these technologies, driven by geopolitical and economic trends. The International Energy Agency (IEA) projects a growth of electricity demand from 1,295 TWh […]