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Weakness in the global markets for solar modules and batteries is pushing down system costs in the United States
Our H1 2019 update finds that advanced metering infrastructure penetration is poised to rise significantly over the coming years in both developed and developing markets.
A global car manufacturer engaged with Wood Mackenzie to extract additional value from car batteries through V1G and V2G power grid integration.
Growing electric vehicle adoption and charging station infrastructure will test the electric grid's limit. Are utilities prepared for the challenges ahead?
By investing across complex supply chains, Chinese companies have integrated rare earth mining, processing, metal production and magnet manufacturing, allowing China to then dominate high value-add sectors including drivetrains for electric vehicles and generators for wind turbines.
The Inflation Reduction Act has given a boost to key renewables segments, and their future is looking bright. Our solar and storage experts recap some of the biggest takeaways from RE+ 2023
Corporate power purchase agreements for renewables are setting new records in 2023 as costs fall and green energy takes off
Ørsted's final investment decision on the Hornsea 3 project reveals the intricate dynamics of competitive tenders, pricing strategies, and regulatory advantages, showcasing how higher subsidies is shaping the success of offshore wind projects and emphasising the pivotal role of policy in overcoming industry challenges and fostering renewable energy growth.
Rooftop solar and storage will continue to grow in Puerto Rico, and many more people will benefit from clean energy, energy security, and resiliency against natural disasters
In this edition of Horizons, we explore how the Trump administration's 'Liberation Day' tariffs marked a pivotal moment in global trade, potentially reversing the effects of China's 2001 WTO entry and accelerating deglobalization trends.
The world is not decarbonising quickly enough to reach net zero.
India’s global profile is soaring. It already boasts the world’s largest population and is forecast to be the fastest-growing major economy over the coming decades. By 2050, it will be the world’s third-largest economy, up from sixth today.
The CBAM will reshuffle global trade – who will be the winners and losers?
The offshore wind industry is set to scale from around 3 GW of additions outside of China each year to 30 GW by the end of the decade.
The future will run on electricity, yet the world is struggling to decarbonise its power supply and meet demand. The 2022 energy crisis has put energy security and reliability front of mind for governments and underscored the need to press ahead with the development of alternative energy sources.
How oil and mining companies can finance the energy transition
Ammonia shapes modern life in every way imaginable. As the basis for all nitrogen fertilisers, industrial ammonia has truly changed the world.
The world’s need for sustainable energy is set to change the geography of the oil and gas industry, increasingly entwining it with renewables. The upstream industry of the 2030s and beyond, therefore, must focus on where its synergies with new energies are strongest.
Offshore wind is poised to become one of the key technologies powering the decarbonisation of the global economy. Read more.
The crisis caused by Russia’s invasion of Ukraine is the most significant shock to world energy markets since the 1970s. Read more.
Wood Mackenzie’s base-case Energy Transition Outlook sees global temperatures 2.5-2.7 °C above pre-industrial levels by mid-century. To limit this warming to 1.5 °C, in line with the Paris Agreement, the energy transition must accelerate. The world has the means, motive and opportunity to do so.
The global energy trade is set for its greatest transformation since the 1970s. Electrification is central to this as countries plough money into renewables to push down emissions and enhance their energy security.
The commodity price upcycle provides a golden opportunity to accelerate emissions reduction. Read more....
Another supercycle is coming. Anticipation of future demand growth has generated palpable excitement, driving commodity prices to post-pandemic highs.
Following the conclusion of the COP26 on November 13, Wood Mackenzie experts weigh in on the key developments of the conference.
The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie.
US President Joe Biden has a transformational goal: he wants the country to achieve net-zero emissions by 2050, building on the net-zero power sector he wants in place by 2035. Can the US meet this challenge? According to new research released today by global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), the US is likely to struggle to achieve Biden’s ambitions. Technological limitations, policy design, market structures and even the United States’ political and constitutional foundations may hamper progress.
According to Wood Mackenzie, a Verisk business (Nasdaq: VSK), and the U.S. Energy Storage Association’s (ESA) latest U.S. Energy Storage Monitor report, 345 megawatts (MW) of new energy storage systems were brought online in the second quarter of 2021.
China’s efforts to control carbon emissions could have a negative impact on its economic growth in the short term, says Wood Mackenzie.
Global electric vehicle (EV) sales are expected to vault over 6 million this year, says Wood Mackenzie.
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