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Power and utilities

Future-ready power and utilities companies are harnessing sophisticated risk and insurance solutions to drive growth and profitability in a clean energy future.

Power and utilities companies are at the core of the clean energy transition. But as the natural resources industry changes, financial and operating models are under pressure.

Key priorities for power and utilities companies

over the next 10 years, the top three priorities for power and utilities companies are set to change as the clean energy transition gathers pace.

In our 2025 Global Clean Energy Survey, power and utilities organizations revealed how their priorities shift over the immediate-, mid- and long-term:[1]

  • Immediate priorities

    1. Investment in new technologies (80%) and raising capital (80%)
    2. Research and development/innovation (68%)
    3. Working with trade bodies and government departments (66%)

  • Priorities for the next five years

    1. Divesting operations or business segments (51%)
    2. M&A to acquire new capabilities or technologies (49%)
    3. Major changes to existing assets ($250 million or more) (43%)

  • Priorities for the next 10 years

    1. Major changes to existing assets ($250 million or more) (34%)
    2. Forming joint ventures and partnerships (21%)
    3. Divesting operations or business segments (17%)

Top risks facing power and utilities companies

But with change, comes risk. Power and utility companies face major challenges including:

  • Volatility in financial markets
  • Uncertainty of return on investment
  • Legal and liability exposures
  • The cost of new technologies
  • Changing regulation
  • Sociocultural expectations
  • Stakeholder pressures
  • Access to capital

In a changing and complex industry, power and utilities companies listed supply chain and geopolitical risk as the top two risks to achieving their clean energy strategy in our Global Clean Energy Survey 2025.[2]

#1 RiskSupply chain disruption

#2 RiskGeopolitical risk

Forward-thinking leaders in the power sector are finding strength in specialty.

A smarter approach to power and utilities risk management

Insurance is a critical tool in power risk managers’ toolkits. Combining traditional lines with new and innovative risk solutions can help power and utilities companies build a robust risk management strategy. But ensuring risk strategies evolve is key to long-term success.

  1. Keep your finger on the pulse of power sector risks and trends

    Power and utilities companies are under pressure from users. The demands on power and utilities companies are changing, and pressures are set to increase exponentially. Global grid capacity needs to grow 2.5 times its current size, with annual expenditure on grids more than doubling to $970 billion by 2050.[3] Bloomberg New Energy Finance estimates that 152 million kilometers of power lines may be needed for the world to reach net-zero by 2050.[4]

    By harnessing proprietary research in our Global Clean Energy Survey and analytical tools, you can access actionable insights to stay ahead of the curve. Our clean energy and risk management specialists will help you move with clarity through complex, interconnected and emerging risks.

  2. Access power sector specialism at scale

    Working with us gives you access to the scale of a global insurance broking footprint to help you respond to changing global and local demands with agility. With a combination of local knowledge, international insurance broking scope and energy industry specialists, power and utilities companies can deploy our resources and capabilities across over 140 countries.

  3. Tap into our innovative risk solutions

    Outpace emerging challenges with innovative risk solutions. Evolving risks create opportunities to re-envision your risk-finance approach and reveal unexplored value. Sophisticated tools such as Connected Risk Intelligence[5] are designed to make this happen. Data-driven frameworks identify the best risk financing options, helping you make better decisions with clarity. Access to risk and analytics specialists and sophisticated data modeling help you stress-test your strategy, find vulnerabilities and mobilize an improved risk management strategy that evolves with your business.

Footnotes

  1. Results from our Global Clean Energy Survey 2025 in response to the question ‘What timespan has your organization set for implementing the following aspects of your clean energy strategy? Return to article
  2. Global Clean Energy Survey 2025 Return to article
  3. New Power Systems report. Return to article
  4. A Power Grid Long Enough to Reach the Sun Is Key to the Climate Fight. Return to article
  5. Connected Risk Intelligence. Return to article

FEATURED REPORT

Global Clean Energy Survey 2025 Report

Find out about the pressures and priorities shared by 450 natural resources companies implementing their clean energy transition strategies.

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