kWh Analytics的动态

$8 Billion is the potential litigation cost faced by Berkshire Hathaway Energy's PacifiCorp unit due to wildfires in Oregon. It is not every day that you see such influential figure in investments industry like Warren Buffet admit that he made a mistake in judgement. Although we still operate in capitalistic environment, the markets, society, and the environmental conditions have changed. Those that have been successful for the last decades will need to evolve with the world to stay competitive. Reading Buffet's letter to shareholders, I notice how he shifts from the bad news about PacifiCorp, to the good news about their property and casualty insurance business. I find it a bit ironic, as insurance industry is largely impacted by growing claims from extreme climate events, making some assets #uninsurable. It is fascinating to see how this space evolves. If you are interested in #climaterisk modeling and tools, you should follow United Nations Environment Programme Finance Initiative (UNEP FI) , David Carlin and fantastic podcast by Global Association of Risk Professionals (GARP)

Great WisPolitics.com luncheon today with Public Service Commission of Wisconsin Chair Summer Strand on the energy transition in Wisconsin! During the Q&A, I highlighted that companies like Microsoft are shifting to 100% renewable energy and making their battery backup power available to augment the grid. Additionally, massive battery energy storage systems are being deployed nationwide, even in fossil fuel states like Alaska, to replace natural gas plants for addressing peak demand while reducing costs. My question: Shouldn’t we align our energy portfolio with the state’s clean energy goals and prioritize a holistic approach to growing Wisconsin’s clean energy economy? To hear the response and watch the event, please visit here: https://lnkd.in/gAtNFHYs American Sustainable Business Network Clean Economy Coalition of Wisconsin Clean Wisconsin GreenBiz Group WisBusiness.com WEI: Wisconsin Environmental Initiative Wisconsin Conservation Voters Downtown Madison Inc. Greater Madison Chamber of Commerce League of Wisconsin Municipalities RENEW Wisconsin #inflationreductionact #climatefastforward #solar #wind #batterystorage #microgrids #communitysolar #smartgrids #ClimateWinsHere Tesla Energy

Mark your calendars - Galloway Johnson Tompkins Burr & Smith is the proud headline sponsor for Energy Insurance Americas, a conference gathering key players in the Energy Insurance market in the Americas and beyond. The 2024 Energy Insurance Americas will take place on November 21 in Houston, Texas at The Westin Galleria. Our experienced attorneys have expertise in handling complex energy issues, understanding that energy is a unique regulatory environment with specialized laws. For decades, Galloway has handled cases that have yielded significant, precedent-setting decisions for the energy industry, including cases at the district court and appellate court levels. Register today! For more information and to register, click the link in the comments. #EnergyInsurance #RiskManagement #EnergyInsuranceAmericas

With BESS failures having increased ten-fold since 2016, this insightful article highlights 5 ways to boost insurers’ confidence in BESS projects: https://lnkd.in/gYPJNE_z Worth a read.

Last week we had the pleasure of hosting representatives of the #renewables industry at a business breakfast organised together with Aon. ? The meeting concerned W&I (Warranty & Indemnity) insurance, which plays an important role in transactions within the sector. ? Piotr Niczko, Senior M&A Broker at Aon stated: "Year-on-year, we are seeing growing interest in W&I insurance within M&A deals in many sectors of our economy. Hence, there is no surprise that also the #renewables sector, which is currently experiencing strong growth, is also applying this instrument as a tool to the safe execution of transactions. The attendance of numerous guests at our event only seems to confirm the above-mentioned trend." ? ?ukasz Targoszyński, Partner in the #PrivateEquity practice of Baker McKenzie, added: "W&I insurance is the key to safe transactions in the rapidly growing renewables sector. Our recent meeting, which attracted record interest, and our day-to-day work with clients confirms that it's an essential component of ?investment success in the #renewables sector." ? Piotr Niczko and Ulf Cramer - many thanks for co-hosting the meeting and to our clients for their active participation and the interesting discussion. See you at our next joint events! ? #bakermckenziepolska #transactionalpowerhouse #AonPolska #WarrantyIndemnity #PrivateEquity #Renewables #insurance

Great event at the WisPolitics.com luncheon today with Public Service Commission of Wisconsin Chair Summer Strand on the energy transition in Wisconsin! During the Q&A, WEI Cofounder & Director John Imes highlighted that companies like Microsoft are shifting to 100% renewable energy and making their battery backup power available to augment the grid. Additionally, massive battery energy storage systems are being deployed nationwide, even in fossil fuel states like Alaska, to replace natural gas plants for addressing peak demand while reducing costs. -- His question: Shouldn’t we align our energy portfolio with the state’s clean energy goals and prioritize a holistic approach to growing Wisconsin’s clean energy economy? To hear the response and watch the event, please visit here: https://lnkd.in/gjFySxG6 American Sustainable Business Network Clean Economy Coalition of Wisconsin Clean Wisconsin GreenBiz Group WisBusiness.com WEI: Wisconsin Environmental Initiative Wisconsin Conservation Voters Downtown Madison Inc. Greater Madison Chamber of Commerce League of Wisconsin Municipalities RENEW Wisconsin #inflationreductionact #climatefastforward #solar #wind #batterystorage #microgrids #communitysolar #smartgrids #ClimateWinsHere Tesla Energy

GCube Insurance, a specialist underwriter in the renewables sector, has announced the establishment of a new consortium designed to provide battery energy storage system (BESS) developers and asset owners with up to $100 million of “A-Rated” Insurance Capacity. Fraser McLachlan, (pictured) Founder & CEO of GCube Insurance, stated: “We have been studying developments in BESS and patiently increasing our capacity over the last 12 years. Our BESS consortium now formalises our significant commitment to the sector." "BESS has reached a point of maturity where more and more capacity is required, but the complexity of mitigating losses with evolving technology also requires this capacity to be well-versed in handling claims and selecting risks. This is the basis for GCube expanding its presence in the sector.” Read the full story here ?? https://lnkd.in/eTvcRnZ5 #InsurtechInsights #InsuranceNews #RenewableEnergy

"PacifiCorp joins other #utilities confronting emerging risks from #climatechange including hotter, drier weather that makes #wildfires more likely — especially in the US west. An estimated $30bn in fire liabilities forced Pacific Gas and Electric Company — California’s biggest #utility — to file for bankruptcy protection in 2019. Shares of utility company Xcel Energy dropped sharply this week over potential financial exposure to the largest #wildfire in Texas history." https://lnkd.in/g3TaJjpm #wildfiremitigation #globalwarming

???????????? ?????????????? ?????????? ???? ‘?????????? ????????’ ?????? ???? ?????????????????? ???????????? https://shorturl.at/yPRSJ The new Labour government could provide the ‘magic dust’ to boost investment in renewable and help hit net zero carbon emission targets, says Jamie Jenkins, director of policy at Royal London. Labour has pledged to work with the private sector to double onshore wind, triple solar power and quadruple offshore wind by 2030, writes Insurance Post. It will create a new publicly owned clean energy company called Great British Energy to oversee the transition. AdvantageGo’s blog on how to excel in the booming renewable energy market can be found here. https://lnkd.in/gpDn_4Tu Insurers can now map and visualise the spatial distribution of renewable assets, highlighting potential clusters and accumulation risks. These are some of the capabilities offered by Exact, AdvantageGo’s?exposure and risk management solution. Together they provide accurate tracking of renewable energy exposure and risks. https://lnkd.in/eHv9UEaM

Breaking out of my comfort zone. I'm lucky to rise to the challenge of discussing the following: "This insightful conversation will explore effective strategies to lower insurance premiums through innovative risk assessment and bespoke insurance solutions. It will shed light on the crucial role of new technologies in the floating offshore wind sector and the ways in which insurance coverage can be adapted to support these emerging advancements. Emphasizing the power of collaboration, this session will discuss the synergy between industry stakeholders, technology innovators, and insurance providers, aiming to create a synergistic ecosystem that not only reduces financial risks but also propels the growth and sustainability of the floating offshore wind industry." And the audience likely has little risk and insurance expertise. And I have ten minutes, including time for Q&A. An opportunity to thrive.