Climate change has increased the probability of wildfires in fire-prone areas. Implementing practices to increase resiliency, decrease damage, and lower costs from natural disasters can help businesses avoid potential financial impacts and remain operational.

Recovering from Maui Fires
Vulnerable power grids, including deteriorating components and aged infrastructure, increase the risk of wildfires. Due to the fires in early August, 2023, the island of Maui, Hawaii, is estimated to face more than $5.5 billion in rebuilding costs,¹ impacting local businesses and the economy of the region.

Building Energy Resilience 
Climate change and global warming have increased natural disasters such as heatwaves, wildfires, and hurricanes, resulting in twice as many power outages from severe weather. The US Government Accountability Officer estimated weather-related power outages can cost companies and consumers billions of dollars annually. Investing in energy grid sustainability will assist businesses in being more resilient and, in turn, prevent the additional costs associated with business shutdowns and rebuilding that often come with power outages.