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 […]

As the energy transition to inverter-based resources continues, reliability risk increases and requires additional investment to mitigate threats. But what measures should be put in place, what are the

While not a new occurrence, in recent years wildfires have wreaked havoc across the western U.S. We have also seen Mother Nature batter coastlines and landscapes around the globe, and the ever-mounting pace of

America’s energy systems are being led by renewables development, both now and in the foreseeable future. There should be no real argument about what the future of our energy economy looks like. Not just because renewables bolster needed decarbonization efforts, but because renewables are a better economic solution and embody core principles of American entrepreneurism. […]

TerraPro Solutions recommends comprehensive risk mitigation strategies to avoid significant delays and cost overruns, with proactive steps that can be taken now to protect renewable project development timelines. In the midst of this expanding public health crisis, TerraPro Solutions understands the uncertainty that this news has triggered for us and our families. While safety is […]

Catastrophic wildfires have devastated California in recent years. This article seeks to outline a plan wherein neighboring utilities can send energy to support a utility that has shut down critical paths during wildfire mitigation efforts. On the morning of Nov. 8, 2018, the Camp Fire erupted 90 miles north of Sacramento, California (Figure 1). This fire […]

Hurricane season is underway and summer heat already has arrived in many areas, which again puts the spotlight on utilities, the power grid, and disaster response plans after a series of major weather events and wildfires caused outages and other disruptions in the U.S. and Caribbean in recent years. “We’re seeing these events occur, and […]

Power project financing demands are constantly changing. The current model for structuring project finance transactions began with the emergence of independent power producers (IPPs). Many IPPs only wanted to