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  Earthquake in Japan impacts power sector

  • 21 3月 2022

  Following the 7.4-magnitude earthquake reported off Fukushima, Japan, Wood Mackenzie senior analyst Yamato Kawamata gives an overview of the impact on the power sector.

• News Release

  US energy storage market sets Q4 record for new installations

  • 24 3月 2022

  The US energy storage market set a new record in the fourth quarter of 2021, with new system installations totalling 4,727 megawatt hours (MWh).

• News Release

  Industry leaders to speak at Wood Mackenzie’s European Power & Renewables Conference

  • 24 3月 2022

  Join executives from EDF Energy, Renewable Energy Institute and Société Générale as Europe’s energy sector gears up for critical transformation

• News Release

  Wood Mackenzie scales renewable markets data reach as Canadian Solar joins Lens Power Development Partner Program

  • 29 4月 2022

  Wood Mackenzie welcomes Canadian Solar as a development partner for its industry-leading Lens® decision intelligence platform, which delivers live data across the industrial landscapes of every global economy.

• News Release

  Steel industry emissions to decline 30% by 2050

  • 17 5月 2022

  Steel industry’s carbon emissions is expected to fall 30% by 2050 compared to 2021 levels, according to a new report by Wood Mackenzie.

• News Release

  Ammonia co-firing in thermal power plants could be worth US$100 billion in 2050

  • 18 5月 2022

  While hydrogen can be used in many sectors, its derivative, ammonia, has emerged as a key tool to provide flexible power generation and integrate variable renewables. Analysis by Wood Mackenzie shows that a 10% ammonia co-firing in global coal plants would translate to 200 million tonnes (Mt) of ammonia demand, a potential market of US$100 billion by 2050.

• News Release

  Soaring solar raw materials prices could thwart REPowerEU plans

  • 30 5月 2022

  The REPowerEU initiative has the potential to add at least 420 gigawatts (GW) of solar installations by 2030; however, rising solar raw material costs could become the stumbling block to achieving this goal, says Wood Mackenzie.

• News Release

  Low-carbon hydrogen demand in refining could reach 50 Mtpa by 2050

  • 09 6月 2022

  Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie.

• News Release

  Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration

  • 29 6月 2022

  Wood Mackenzie announces the launch of the second edition of its Power & Renewables Asia Pacific (APAC) Virtual Conference on July 26 – 28.

• News Release

  US solar market ready for rebound after tumultuous first half of 2022

  • 08 9月 2022

  Inflation Reduction Act and tariff pause provide market optimism following Q2 slowdown

• News Release

  Global wind turbine order intake breaks record in Q2

  • 12 9月 2022

  Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.

• News Release

  Climate policies trigger 1.9% upgrade QoQ in global wind power

  • 03 10月 2022

  Global wind power is expected to see an 1.9% increase of installed capacity Quarter on Quarter (QoQ), an equivalent of 25.6 gigawatts (GW), between 2022 and 2031 according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

• News Release

  Latin America offshore wind to see 34 GW of installed capacity by 2050

  • 18 10月 2022

  Driven by the growth of off-grid green hydrogen projects, Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 Gigawatts (GW) by 2050, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

• News Release

  Long-duration energy storage projects attract more than US $58 billion investment over last three years

  • 07 12月 2022

  Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from Wood Mackenzie.

• News Release

  Trade and supply chain barriers delay impact of historic clean energy law

  • 13 12月 2022

  The U.S. added 4.6 gigawatts (GW) of new solar capacity in Q3 2022, a 17% decrease from the same quarter last year as trade barriers and ongoing supply chain constraints continue to slow America’s clean energy progress. These disruptions will cause a 23% decline in solar installations this year compared to 2021, according to the U.S. Solar Market Insight Q4 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.

• News Release

  Q3 U.S. grid-scale energy storage market sets new record

  • 15 12月 2022

  The U.S. energy storage market grid-scale segment installed a record 4,733 megawatt-hours (MWh) in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to a new report released today. On a single charge, this amount of battery storage could power over 150,000 U.S. homes for a day.

• News Release

  US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

  • 19 1月 2023

  The Inflation Reduction Act (IRA), flagship legislation focused on accelerating decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. A rise from US$64 billion in 2022 to nearly US$114 billion is expected by 2031, according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

• News Release

  Veritas Capital completes acquisition of Wood Mackenzie

  • 02 2月 2023

  Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

• News Release

  Renewable power competitiveness in Asia Pacific worsened in 2022

  • 14 2月 2023

  The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. The trend is expected to reverse in 2023, but volatility risks including geopolitical tensions, trade policy and financing remain according to latest analysis from Wood Mackenzie.

• News Release

  US community solar growth slowed 16% in 2022; national market expected to double by 2027

  • 15 2月 2023

  US community solar installed capacity declined 16% in 2022 compared to last year, primarily driven by interconnection delays hindering growth in key state markets such as Massachusetts, Maine, and Maryland. Industry-wide supply chain constraints also pushed project timelines into 2023, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA).

• News Release

  US energy storage market continues to expand rapidly

  • 15 3月 2023

  Across all segments of the industry, the U.S. energy storage market installed 4.8 gigawatts (GW) of capacity in 2022, nearly equal to the combined 2020 and 2021 installed capacity of 5 GW, becoming a record year for battery storage. This is according to ACP and Wood Mackenzie’s latest U.S. Energy Storage Monitor report released today.

• News Release

  California dwarfs all other VPP markets in North America

  • 29 3月 2023

  California dwarfs all virtual power plant (VPP) markets in North America, housing 24% of projects in the region, according to Wood Mackenzie’s ‘North America VPP market: H1 2023’ report.

• News Release

  Global wind energy to top 1 TW threshold by the end of 2023

  • 11 4月 2023

  The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie.

• News Release

  Oil and mining companies must adapt new strategies to deliver low-carbon transition

  • 20 4月 2023

  As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

• News Release

  China’s solar exports booming, up 64% in 2022 despite global trade tensions

  • 23 5月 2023

  China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.

• News Release

  US grid-scale energy storage installations record second-straight quarterly decrease

  • 14 6月 2023

  Across all segments of the industry, the U.S. energy storage market added 2,145 megawatt hours (MWh) in the first quarter of 2023, a 26% decrease from Q4 2022. The grid-scale segment installed 1,553 MWh in Q1 2023, recording the second-straight quarterly decline and falling 33% below first quarter 2022 installations, according to a new report released today.

• News Release

  Should gas resource holders target LNG exports or blue ammonia?

  • 15 6月 2023

  The acceleration of the energy transition means gas resource holders increasingly face a choice: follow the established pathway and develop new LNG export facilities or pivot into developing blue ammonia.

• News Release

  Top 10 solar PV inverter vendors account for 86% of global market share

  • 14 8月 2023

  The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to latest analysis by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  US$ 27 billion investment required to mobilise global offshore wind supply chain

  • 17 8月 2023

  The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  U.S. grid-scale energy storage installations set new record in Q2 2023

  • 25 9月 2023

  Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today.