risk mitigation

Battery Energy Storage Systems (BESS) are revolutionizing our power grids, dramatically enhancing resilience, and facilitating greater integration of renewable energy sources like solar and wind. This technological evolution promises a cleaner, more sustainable energy future, but it also introduces significant new risks, particularly fire safety challenges. High-profile incidents involving lithium-ion battery systems highlight critical gaps […]

Stowing capabilities, tougher modules, and real-time data are the new frontline in solar’s fight against extreme weather. Alex Roedel and Jyoti Jain, Nextracker The global climate crisis is reshaping the way we think about energy resilience. As extreme weather increases, utility-scale solar projects face a new era of challenges. Advanced solar tracker systems, control and […]

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 […]

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 […]

Let’s be honest. Operational technology (OT) security issues are expected. Traditional OT systems were designed for specific functional—operational—purposes. Plus, they were designed to last for many decades. The power grid, the water supply, the manufacturing plant floor, these ubiquitous 24/7/365 operations fuel daily activities—and they power as much business as they do hospitals that care […]

Risks posed by geomagnetic disturbance (GMD) and electromagnetic pulse (EMP) events add challenges to an already complex power system environment. But they remain crucial to address. How prepared is the power grid to withstand these powerful natural and man-made disturbances? On the evening of May 10, grid operator PJM Interconnection activated a rare geomagnetic disturbance […]

Wildfires have had a devastating impact on California and on the state’s largest utility company, Pacific Gas and Electric (PG&E). PG&E’s equipment has been linked to several major wildfires in the past including the 2018 Camp Fire (the deadliest wildfire in California history, killing 85 people, according to CAL FIRE, the state agency responsible for, […]

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 […]

Power companies must respond to outages caused by extreme weather events. Having accurate predictions concerning the severity of impending storms can ensure companies are prepared with the right resources on

The world’s energy landscape is evolving rapidly, driven by the increasing demand for resilient, cost-effective, and net-zero sources of energy. Policymakers and regulators now can’t ignore the fundamental role that the energy storage industry is playing in the clean energy transition—stabilizing the grid as more renewable energy assets come online. This recognition is creating huge […]