Credit to Author: Edward Stewart| Date: Mon, 08 Apr 2024 13:30:14 +0000
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 […]
The post Management Strategies Needed as Power Sector Faces Increasing Risk appeared first on POWER Magazine.
Credit to Author: Emily Bourdeau| Date: Thu, 22 Jun 2023 19:31:59 +0000
Over the past few years, climate change coupled with the Biden administration’s push for clean energy alternatives has spurred innovation in the power grid. One growing trend among developers, planners […]
The post Brownfield Sites Spur Opportunity in the Power Grid appeared first on POWER Magazine.
Read moreCredit to Author: Zachary Shahan| Date: Wed, 07 Jun 2023 18:27:46 +0000
The insurance industry survives and thrives on two things: its ability to quantify risk and then its ability to profit on it. Whether talking about home insurance, car insurance, life insurance, or some other kind of insurance, the first step is to do the math of how likely it is that certain destruction will occur […]
Credit to Author: Contributed Content| Date: Thu, 08 Jun 2023 19:02:20 +0000
Renewable energy is on the rise in Latin America (LATAM). The International Energy Agency (IEA) projects a growth of electricity demand from 1,295 TWh in 2020 to 2,282 TWh in […]
The post Emerging Risks in Renewable Energy: A Brief Overview of Solar, Wind, BESS, and Hydro Trends in Latin America appeared first on POWER Magazine.
Read moreCredit to Author: Guest Contributor| Date: Wed, 17 May 2023 14:40:49 +0000
Whether you own a home, a business, or other assets, insurance is an important part of any budgetary calculation involving protection of property. While the insurance and reinsurance sector are at the forefront of translating weather and climate information into financial and societal risks, the industry’s focus has been on use of catastrophe models rather […]
Credit to Author: Contributed Content| Date: Mon, 01 May 2023 04:09:58 +0000
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, […]
The post Effects of Evolving NatCat Risks on Reliability and Insurability of Renewable Assets appeared first on POWER Magazine.
Read moreCredit to Author: Jo Borrás| Date: Mon, 02 Jan 2023 23:12:50 +0000
Want to run a robotaxi in Seattle? You’ll need $5 million in insurance!
Credit to Author: Guest Contributor| Date: Sun, 11 Dec 2022 15:15:38 +0000
Since Tesla launched its own insurance service in California nearly two years ago, the automaker has expanded the program across several U.S. states. Tesla recently expanded the insurance plan to its 12th U.S. state, and it says it eventually plans to expand to all 50 states. Tesla’s insurance plans recently expanded into Minnesota, according to […]
Credit to Author: Sonal Patel| Date: Tue, 18 Oct 2022 14:34:57 +0000
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 […]
The post Evolving Extreme Weather Risks Posing Unprecedented Insurance Woes for Renewables appeared first on POWER Magazine.
Read moreCredit to Author: Johnna Crider| Date: Sun, 19 Jun 2022 02:46:29 +0000
Tesla Insurance has expanded to Nevada, making it the ninth state to get Tesla’s in-house insurance program. There were reports that Florida and Maryland could be next, but although Tesla has made moves there, neither of those states became the ninth to get Tesla insurance. Tesla Insurance was launched in 2019 in California, and during […]