risk management

Ensuring compliance in power generation projects is non-negotiable—and it’s no longer a box to tick at the end of a project. It now demands continuous oversight, code alignment, and documentation from the very first planning meeting to final handover. For project teams in the energy sector, this shift comes at a time of tighter National […]

I have spent years in law firms and in-house legal departments counseling clients in the energy sector with respect to their contracts and the related process they utilize in papering their deals. What I have learned is that the pitfalls awaiting a company that isn’t effectively papering its deals and/or following a streamlined and clear […]

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

Historically, generator inspections require rotor removal (Figure 3). There’s a significant level of risk during this process due to possible generator damage during the disassembly, and it also requires

Digital technology poses critical challenges for the power sector. As the backbone of modern society, any disruption to power infrastructure can have far-reaching consequences. To learn steps leading power companies can take to protect their systems, POWER interviewed Apu Pavithran, founder and CEO of Hexnode. Hexnode’s award-winning Unified Endpoint Management (UEM) platform has empowered organizations […]

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 […]

Renewable energy project developers and contractors must be prepared to negotiate novel risks in a quickly changing global market. Technological innovations in renewable energy equipment and decreasing

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 […]

Managing risk is nothing new to utilities. Providing the safe utility services like electricity, water, sewer, and wastewater management that everyone relies upon is hard work. Critical infrastructure assets are prime targets for bad actors looking to use cyberattacks to cause high-impact disruptions. As utilities adopt software-centric, data-driven operations, they will continue to work diligently […]

FBI Director Christopher Wray, while speaking at the Vanderbilt Summit on Modern Conflict and Emerging Threats in Nashville, Tennessee, in April, warned that U.S. critical infrastructure is a prime target of the Chinese government. “The fact is, the PRC’s [People’s Republic of China’s] targeting of our critical infrastructure is both broad and unrelenting,” he said. […]