A “stable” Russia-Ukraine peace agreement could lead to years of US LNG under-utilisation and delays on US LNG FIDs

• 08 April 2025

As the geopolitical landscape of the Ukraine conflict enters a new and highly uncertain phase, Wood Mackenzie's Gas and LNG team has released a new report titled "What a future Ukraine peace deal means for energy". Using the LENS Gas Market Model the report outlines three peace agreement scenarios and explores their potential consequences in terms of sanctions and the implications on trade flows and prices.

Energy storage’s meteoric rise breaks another record

• 19 March 2025

The U.S. energy storage market set a new record in 2024 with 12.3 gigawatts (GW) of installations across all segments, according to the latest U.S. Energy Storage Monitor report released today by the American Clean Power Association (ACP) and Wood Mackenzie. The report shows a total of 12,314 megawatts (MW) and 37,143 megawatt hours (MWh) deployed, representing increases of 33% and 34% respectively over 2023 numbers.

US LNG full lifecycle emissions delivered to Europe are 48% of the coal equivalent

• 21 March 2025

Wood Mackenzie has used its proprietary data as well as credible third-party sources to prepare a rigorous comparison of lifecycle emissions of US LNG and coal in power generation

Natural gas demand to outpace oil and coal in Southeast Asia as region targets 30% share by 2050

• 05 May 2025

Natural gas is set to become a cornerstone of Southeast Asia’s energy future, projected to account for up to 30% of the region’s primary energy mix by 2050 according to Wood Mackenzie. With demand expected to outpace both oil and coal, countries like Malaysia, Thailand, the Philippines, and Vietnam are leading a shift toward gas to support economic growth, energy security, and the transition away from more carbon-intensive fuels.

Oil prices likely to be lower in 2025 than last year

• 18 March 2025

Brent crude oil prices are projected to average $73 per barrel in 2025, down $7 per barrel per barrel from 2024, according to Wood Mackenzie’s latest monthly oil market outlook. The $73 per barrel forecast for this year is revised down $0.40 per barrel from the early February monthly report.

US energy storage installations reach new quarterly record in Q2 with 5.6 GW

• 26 September 2025

The US energy storage market set a record for quarterly growth in Q2 2025, with 5.6 gigawatts (GW) of installations, according to the latest U.S. Energy Storage Monitor report released today by the American Clean Power Association (ACP) and Wood Mackenzie.

Asia Pacific carbon capture and storage investment set to reach US$622 billion by 2050

• 23 June 2025

The carbon capture and storage (CCS) industry in Asia Pacific is on the path for significant expansion, with cumulative investment across capture, transport and storage projected to reach US$622 billion by 2050, according to Wood Mackenzie.   Japan is expected to emerge as a regional leader in cr...

Top 10 solar module manufacturers shipped 500 GW in 2024 despite $4 billion in losses

• 09 June 2025

The world's top 10 solar photovoltaic (PV) module manufacturers shipped a record 500 gigawatts (GW) of modules in 2024, nearly doubling the previous year's volume, according to Wood Mackenzie's new Global Solar Module Manufacturer Rankings 2025 report. Despite this surge in shipments, the leading players collectively reported losses of US$4 billion as revenues declined significantly year-over-year.

Third-party ownership dominates US non-residential solar market, reaching 72% share in 2024

• 19 May 2025

Third-party ownership (TPO) of non-residential projects in the United States increased to 72% market share in 2024, up from 69% in 2023, according to the latest US Commercial Solar Competitive Landscape report from Wood Mackenzie.

Australia at risk of losing its energy edge as gas investment stalls, report finds

• 26 May 2025

Australia is losing its competitive edge in attracting investment in natural gas exploration and production, threatening the nation’s energy security, economic growth and emissions reduction targets, a new report by Wood Mackenzie has found. The ‘Australia’s Natural Gas Investment Competitiveness...

With the US data center pipeline surging, regulated utilities are proving advantaged in meeting demand

• 19 June 2025

With data center demand booming in the US, vertically integrated regulated utilities are proving to be advantaged compared to deregulated markets in getting large loads connected to the grid, according to the new Horizons report from Wood Mackenzie.

Tariffs to increase costs and slow down development for US power industry

• 02 June 2025

Recent tariff policies in the US are set to increase the cost of power generation technologies, with energy storage seeing the biggest hike due to its dependence on Chinese imports, according to a recent report from Wood Mackenzie.

US tight oil to face higher costs from tariffs, but significant increases offset from deflation elsewhere

• 07 May 2025

US Lower 48 tight oil well costs will see pressures from tariffs, but significant increases will be offset by cost deflation elsewhere, particularly in declining prices for proppant, drilling rig and pressure pumping, according to a recent analysis from Wood Mackenzie.

The global PV tracker market saw its strongest year ever in 2024, with shipments increasing 20% to a record 111 GWdc

• 11 June 2025

India and Saudi Arabia became the second and third largest tracker markets globally, combining for 28 GW of tracker demand.

Global SMR pipeline surges 42% as data centres drive demand

• 13 May 2025

As energy demand grows, particularly driven by data centres and AI applications, the small modular reactor (SMR) nuclear pipeline surged 42% since last quarter to reach 47 gigawatts (GW), according to a new report from Wood Mackenzie.

Valuation API

Run custom upstream valuations in seconds with Wood Mackenzie's API. Access 5,600+ assets, 260+ fiscal regimes, and real-time economic modeling with your own assumptions.

Trump's One Big Beautiful Bill Act reshapes US energy landscape

• 10 July 2025

President Trump's One Big Beautiful Bill Act (OBBBA) represents a dramatic shift that will fundamentally reshape US energy markets.

Batteries: powering the fight against climate change

• 22 April 2020

Why investment in battery manufacturing and storage technologies is critical to limiting global warming to 2°C

Wood Mackenzie Study Reveals Critical Risks of Europe's "Dunkelflaute" Renewable Energy Droughts

• 31 July 2025

A comprehensive new study by Wood Mackenzie reveals the growing challenge of "dunkelflaute" – prolonged periods of low wind and solar generation – as Europe transitions to renewable-dominated power systems. The research shows these events are driving extreme price volatility and exposing critical vulnerabilities in energy security across the continent.

OBBBA policy changes could reduce US residential solar adoption by up to 46% through 2030, but massive long-term market potential remains

• 04 August 2025

The recently passed One Big Beautiful Bill Act (OBBBA), which eliminates several key market drivers, including the Section 25D customer-owned investment tax credit (ITC) for residential solar systems after 2025, will hinder near-term US residential solar growth according to a new report from Wood Mackenzie. However, the long-term potential remains strong, with growth expected to return after 2028.

Pimienta and Eagle Ford formations to become Mexico's first tight oil and gas plays, Wood Mackenzie says

• 15 August 2025

Following Mexico’s government and the Pemex Strategic Plan 2025-2035 presented recently, Wood Mackenzie published "PEMEX revives unconventional ambitions with 'complex geology' development program. "The analysts consider the Pimienta and Eagle Ford formations the most likely candidates for initial development, citing their established geology and potential to supply both oil and natural gas.

South America onshore wind growth to moderate by 2034, Wood Mackenzie finds

• 03 July 2025

Onshore wind capacity in South America will hit 83 gigawatts (GW) by 2034 with a 6.5% annual growth rate, a report from Wood Mackenzie finds.

Five strategic priorities for Rio Tinto's new CEO to unlock 40% valuation discount

• 10 July 2025

Rio Tinto's incoming CEO inherits a multi-billion-dollar challenge: unlocking a regulatory roadblock that has halted share buybacks for five years. As Rio Tinto's new CEO takes charge in H2 2025, Wood Mackenzie's analysis reveals five interconnected priorities that will determine whether the company can close this valuation gap.

Cenovus-MEG Merger Continues Oil Sands Consolidation Trend

• 22 August 2025

Addressing the announced merger agreement between Cenovus and MEG, Mark Oberstoetter, head of Americas (non-L48) Upstream Research for Wood Mackenzie, said "This deal will combine top-performing assets in the same region and is a continuation of the consolidation trend we have seen in the oil sands."

How the war is choking energy demand

• 14 April 2022

US utility-scale solar: will policy power a rebound?

US oil tariffs on Canada and Mexico would significantly impact North American crude flows

• 06 February 2025

US oil tariffs on Canada and Mexico would initiate a significant shift in crude flows in North America as higher prices would push a portion of US imports into overseas markets, according to a recent report from Wood Mackenzie.

Five charts that define the energy transition

• 13 December 2024

As the energy landscape rapidly transforms due to decarbonization, electrification, and geopolitical shifts, Wood Mackenzie has released five compelling charts that highlight key trends shaping the sector in the latest Horizons report.

Proposed US tariffs could increase onshore wind costs by up to 7%, says Wood Mackenzie

• 11 February 2025

New trade tariffs and increased import restrictions in the US onshore wind power sector could lead to higher overall costs, threatening project viability and potentially slowing growth in the industry, according to a recent report from Wood Mackenzie.

North Sea decommissioning faces challenges on several fronts, says Wood Mackenzie

• 16 December 2024

The likelihood of a “dash to decom” in the North Sea remains limited due to a number of speed bumps that are slowing the widespread shut down of offshore assets, Wood Mackenzie reports.

Battery storage profitability looking up in Australia, driven by power price volatility

• 09 December 2024

Investments in battery storage within Australia's National Electricity Market (NEM) are increasingly profitability due to higher power price volatility and changing market dynamics.