High-level scenarios often paint the energy transition as a smooth trajectory—a gradual evolution toward a more modern, cleaner, more intelligent system that addresses climate change, as well as furnishes the world with secure, affordable energy. In reality, change often has sharp edges, and in the vast and diverse power space, it can be volatile and disjointed, characterized by friction and imbalances among its many participating entities.
As a critical infrastructure industry whose primary mission is to provide safe, reliable electricity, the power sector has always faced some degree of uncertainty and change, and many companies have mature risk measures and controls in place for their networks and assets.
