Power

Does power here means to provide electricy to the cites?

I'm not sure also when they say "power" if that power is delivered by the IoT?

5. Managing the environment
Today, the vast majority of cities aren’t equipped to handle the environmental damage that can occur from earthquakes, hurricanes, and floods. For instance, the CBO estimates that hurricane damage cost $28 billion a year alone. However, companies like Opti have developed ways to combat inadequate infrastructure with IoT solutions that deliver recurring, continuous value to the cities they power.