risks

Unexpectedly steep financial losses suffered by the U.S. renewables market owing to a barrage of extreme weather events over the past summer suggest that project hardening strategies aren’t going far enough, a major renewables insurer is warning. GCube, an international insurer for wind, solar, wave, hydro, and tidal projects around the world in an update […]

War rages in Europe. Natural gas prices are through the roof. Drought threatens hydro production. Weather extremes are becoming commonplace. Supply chains are strained. Demand for electricity is headed

Commentary by Jay Zoellner, CEO Kiwi Power.   The ransomware attack that forced one of the nation’s largest fuel arteries to halt operations earlier this month exposed critical vulnerabilities in the American energy system, and as the largest such attack in history, it raised serious concerns for the security of our energy infrastructure. Supplying nearly half […]

Marking another major federal effort to address potential supply chain risks to the bulk power system (BPS), the Federal Energy Regulatory Commission (FERC) on Sept. 17 sought industry’s perspective on a number of important considerations, including possible actions the regulatory body could take to address security gaps. The U.S.-based power sector, meanwhile, has moved quickly […]

Power sector supply chains, hard hit by the COVID-19 pandemic, are feeling the double whammy of uncertainty posed by a broad U.S. executive order. As was clear at the Federal Energy Regulatory Commission’s

Two formidable U.S. coal power generators this week separately revised their carbon dioxide emissions reduction targets. Duke Energy announced it would achieve net-zero carbon emissions by 2050. American Electric Power (AEP), meanwhile, said it would extend its target from 60% to 70% from 2000 levels by 2030, and by more than 80% by 2050—but it […]

Decarbonization is becoming firmly entrenched in utility business strategies to address risks and opportunities posed by climate change. But setting out a sound plan amid so many uncertainties poses a number

Power and energy construction projects are often complex and nearly always full of risks. On some jobs, miscalculating schedules and underestimating material expenses can result in hundreds of millions of

The dangers of the U.S.’s failing infrastructure have united both major political parties in calling for substantial capital investments to shore up safety and reliability. In California, the tragic explosion of the gas pipeline in San Bruno and the massive methane leak from the gas storage wells at Aliso Canyon have highlighted the potential for […]