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Tag: Tells

What History Tells Us About the Future of Cyber Vulnerabilities in the Power Industry

December 27, 2021
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cybersecurity

The power and energy sector is one of the most critical areas of our country’s infrastructure, making it a prime target for cybercriminals increasingly looking for ways to infiltrate and disrupt the sector and ultimately the national grid. In fact, the U.S. Government Accountability Office (GAO) released a report in early 2021 that found the grid, and subsequently its distribution systems that carry electricity from transmission systems to end-users, to be growing targets for large-scale, strategic state-sponsored cyber war operations. 

This heightened interest and motivation can be attributed to hackers looking for larger ransomware payouts as well as nation states who consider the sector key to crippling the U.S. economy. High-profile attacks like the Colonial Pipeline have given threat actors more motivation to go after critical infrastructure. These groups continue to mature and adopt sophisticated tactics, techniques, and procedures, while industry leaders look to safeguard their critical systems and essential services.

If recent history is any indication of what we can expect in 2022 and beyond, the power and energy sector must prepare for the worst and prioritize their industrial cybersecurity programs accordingly.…

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What Is Siemens Energy? CEO Tells All

September 3, 2020
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The post What Is Siemens Energy? CEO Tells All appeared first on POWER Magazine.

siemens-energy-gas-turbine

Siemens announced the spinoff of its Power and Gas division on May 7, 2019. It was part of the company’s Vision 2020+ strategy. On Sept. 1, Siemens Energy laid out its post-spinoff plans during a virtual capital market presentation.

Siemens Energy’s Portfolio

Leading up to the event, Christian Bruch, who was appointed CEO of Siemens Energy on May 1, 2020, offered power industry media insight on the company. During the August 27 video conference with reporters, he said, “For me, it’s important that people really understand what we put together here, because it’s a quite unique company in terms of what the portfolio is—what the business is. So, for me, it’s really putting together a leader in the energy industry, which cuts across really from conventional generation to renewables from generation of electricity over transmission to storage or green hydrogen. So, it’s quite a diverse picture.”…

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Energy Secretary Perry Tells Trump He is Resigning

October 18, 2019
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The post Energy Secretary Perry Tells Trump He is Resigning appeared first on POWER Magazine.

Energy Secretary Rick Perry told President Donald Trump on Oct. 17 that he is resigning his post. Trump confirmed to reporters in Texas, where he and Perry flew Thursday, that the energy secretary will step down, and Trump said he would quickly name a replacement.

DOE Deputy Secretary Don Brouillette is viewed as Perry’s likely successor, probably taking the top spot at DOE before the end of the year. Analysts have said his agenda is likely to be similar to Perry’s, support for financially troubled coal-fired and nuclear power generation, along with exports of U.S. oil and liquefied natural gas.

Media outlets including POWER magazine reported on Oct. 4 that Perry was planning to step down, possibly by the end of the year. A Department of Energy (DOE) spokeswoman at that time would not confirm those reports. Perry himself earlier Thursday told a Dallas, Texas, radio station that “[Media has] been reporting [he would resign] for eight or nine months now.…

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