No longer just prophesied about, cyber-attacks to Energy Delivery Systems (EDS) (e.g., the power grid, gas and oil industries) are now very real dangers that result in non-trivial economical losses and inconveniences to modern societies. In such a context, risk analysis has been proposed as a valuable way to identify, analyze, and mitigate potential vulnerabilities, threats, and attack vectors. However, performing risk analysis for EDS is difficult due to their innate structural diversity and interdependencies, along with an always-increasing threatscape. Therefore, there is a need for a methodology to evaluate the current system state, identify vulnerabilities, and qualify risk at multiple granularities in a collaborative manner among different actors in the context of EDS. With this in mind, this article presents
ExSol
, a collaborative, real-time, risk assessment ecosystem that features an approach for modeling real-life EDS infrastructures, an ontology traversal technique that retrieves well-defined security requirements from well-reputed documents on cyber-protection for EDS infrastructures, as well as a methodology for calculating risk for a single asset and for an entire system. Moreover, we also provide experimental evidence involving a series of attack scenarios in both simulated and real-world EDS environments, which ultimately encourage the adoption of
ExSol
in practice.