The past two years have been tough for energy executives both on the electricity side and the oil and gas side. Global disruptions due to the pandemic and the war in Ukraine have made it tougher to meet what quality assurance and risk management company DNV calls the “energy trilemma,” namely, providing energy that is clean, affordable, and reliable.

Further, reliability has been continuously challenged by extreme weather events worldwide, such as the deep freeze in Texas; the heatwave in Europe; and flooding following hurricanes, tropical storms and typhoons all over the globe. For these reasons, perhaps it isn’t all that surprising that Denmark-based DNV’s latest report, Trilemma and Transition, released on March 1, showed the energy executives are now prioritising security (reliability) of energy over and above providing clean and affordable […]