Climate change poses significant threats to the electricity sector, through policy and through impact, and these impacts are projected to grow in the coming decades. At the same time, utilities are under significant pressure to develop sustainable and cost-effective adaptation strategies to respond to current and future climate risks. Meanwhile, the Paris Agreement on climate change shifted decisions on the management of energy and material resources locally, empowering metropolitan regions and cities as new hubs of sustainable urban transformation. Equally, as part of the post-2015 United Nations sustainable development agenda, governments committed to “make cities and human settlements inclusive, safe, resilient and sustainable” by 2030. In this polycentric regime, cities have become critical innovation hubs for implementing policy, investment, and sustainability decisions because of their sheer size and complexity.