Question: is power the rate at which energy is transformed

Answer: No, In physics, power is the rate of doing work, the amount of energy transferred per unit time. Having no direction, it is a scalar quantity. In the International System of Units, the unit of power is the joule per second (J/s), known as the watt in honour of James Watt, the eighteenth-century developer of the steam engine condenser. Another common and traditional measure is horsepower (comparing to the power of a horse). Being the rate of work, the equation for power can be written: