risk

As billions of dollars flood into the historically niche electricity sector, U.S. power generation is having a moment and entering what may be its most consequential investment cycle in decades. The U.S. power space saw record levels of capital investments in 2024. These billions in new investments are coming not just from legacy participants, but […]

The U.S. solar industry has increasingly begun to rebrand itself as “MAGA-friendly,” emphasizing cost savings, energy independence, and job creation over climate concerns. This shift marks a departure from its traditionally left-leaning roots, as companies attempt to appeal to conservative consumers and policymakers. Some solar companies have changed their messaging to align with Trump-era rhetoric, […]

Most of the 440 operable nuclear power plants (NPPs) currently deployed worldwide have long been recognized as potential targets for attack by enemy military forces or terrorists. Such an attack could not only destroy the power-generating capacity of the plant but also release a large plume of radioactive material having the potential to cause long-term […]

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 […]

Electricity is an indispensable commodity in our modern society. It powers industries, businesses, and homes. With a flick of a switch, customers expect electricity to come through. To achieve this, numerous workers put themselves on the line and are exposed to hazards every day. In a study conducted by the Electrical Safety Foundation from 2011–2022, […]

The riskiest position for a company to take when it comes to its cyber governance, risk, and compliance (GRC) practices is the attitude that “it could never happen to us.” The truth is, risk is everywhere

The energy sector recorded three times as many operational technology (OT) and/or industrial control system (ICS) cybersecurity incidents as the next closest vertical, according to a study conducted by the Cyentia Institute, a research and data science firm, and sponsored by Rockwell Automation, an industrial automation and information provider. “Energy, critical manufacturing, water treatment, and […]

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 […]

News on extreme weather events in the U.S. report an increase in both frequency and size over the last couple of years, including thunderstorms, tornadoes, convective storms, flash floods, hurricanes, and winter storms. This has a massive impact on a renewable energy asset’s reliability and insurability; there have even been cases where lenders won’t approve […]