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According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 910 megawatt-hours (MWh) of new energy storage systems were brought online in Q1 2021. This is an increase of 252% over Q1 of last year, making it the biggest Q1 so far for the US storage market.
The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry's capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050.
This webinar explores how Commercial and Industrial operators can take advantage of the Energy Storage as a Service model.
If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.
On 19 April, Australian PM Scott Morrison's commented on the country's road to net-zero emissions.
The US solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the US Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
South Korea could be more ambitious with its 9th Basic Plan’s 2030 renewables capacity target, according to research by Wood Mackenzie.
Japan is unlikely to reach a 46% reduction in emissions by 2030 compared to 2013 levels, according to research by Wood Mackenzie.
Wood Mackenzie, the leading provider of commercial intelligence for the world’s natural resources sector, today welcomes Quinbrook Infrastructure Partners as a development partner for the industry-leading Lens decision intelligence platform.
Battery electric vehicles (BEVs) will be the dominant form of road transport by 2050, accounting for 56% of all vehicle sales that year, according to new research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
Join us on July 14th as Prachi Mehta, Senior Analyst for Wood Mackenzie’s EV service dives deeper into the WoodMac projected Top 5 EV automakers and their race to electrification.
Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.
Another supercycle is coming. Anticipation of future demand growth has generated palpable excitement, driving commodity prices to post-pandemic highs.
Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
Community solar is taking an increasing slice of market share in the US. State-level programs and incentives fueled a record-breaking year of growth in 2020, accounting for 37% of annual non-residential solar capacity – up from just 13% in 2016. Now, with new programs emerging and mature markets facing challenges, can the sector maintain its growth?
The Southern Cone gas and power markets are experiencing one of the driest hydrology seasons in recent history. But beyond the “big dry” there are still new dynamics in fundamentals, such as: Bolivian steep production decline, the rapid energy transition in Chile, Argentina’s gas market challenges and Brazil’s booming gas markets. The Southern Cone is also the hottest region in Latin America for new business development in gas and power trading and capital-intensive infrastructure. Join our experts for a virtual event where we present our views on the drivers of change in Southern Cone gas and power markets.
Join Wood Mackenzie and kWh Analytics on September 1st at 08:30 PST / 11:30 EST / 16:30 BST as we explore the factors that give rise to cost escalation risk and PV plant performance degradation, as well as explore potential solutions to combat these problems.
The commodity price upcycle provides a golden opportunity to accelerate emissions reduction. Read more....
After a tumultuous 2020, European power markets could be set for a more optimistic 2021. A new year in which policymakers and market participants will refocus on initial, substantive steps towards the delivery of net-zero objectives under the light of the EU Green Deal. Listen to Wood Mackenzie’s Energy Transition Practice experts as they discuss the year ahead for the European power markets.
With hopes of vaccines setting a better course for 2021, this year will see policymakers and market participants focus on initial but substantive steps towards net-zero objectives.
As Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.
What are the biggest emissions trends to watch this year? James Whiteside, Wood Mackenzie Global Head of Multi-Commodity Research, and Amy Bowe, Wood Mackenzie Head of Carbon Research, see five key themes
Australia needs an ambitious long-term Renewable Energy Target (RET) policy to unlock future investments, says Wood Mackenzie.
Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.
Join Wood Mackenzie's experts on Tuesday 16th March at 1:30pm - 2:30pm GMT, where we will review the rapid growth of the leading European oil companies in offshore wind.
Floating offshore could be the next frontier in wind power development in Asia Pacific, says Wood Mackenzie.
Wood Mackenzie’s latest scenario report reveals that a significant increase in carbon pricing is needed to achieve the goals of limiting the rise in global temperatures to within 1.5 degrees Celsius.
Government funding and zero-emission vehicle regulations are strong drivers for commercial electric vehicle (EV) adoption in every region thus far, therefore reducing the primary barrier to commercial EV adoption: cost. This policy support will see the annual market value of electric bus and truck charging outlets pass the $200 billion mark by 2045, according to Wood Mackenzie.
Wood Mackenzie’s latest report shows that the global offshore wind operations and maintenance (O&M) market is expected to grow 16% annually to reach US$12 billion (€10 billion) by 2029.
The global offshore and onshore wind operations and maintenance market will reach over US$37 billion in annual spend by 2029. In this webinar, you’ll hear Wood Mackenzie's Energy Transition experts discuss the opportunities and challenges that'll arise for the O&M market by 2029.
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