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Look beyond bid price and lease fees to win in trillion-dollar offshore wind sector

18 May 2022

Cumulative global capex spend in the offshore wind sector is expected to hit US$1 trillion by 2031, according to a new report by Wood Mackenzie. However, investors will no longer only be competing on price alone.

News Release

Russia-Ukraine war could slow global economic growth to 2.5% this year

12 April 2022

Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie.

News Release

World must double-down on plans to achieve net zero by 2050

23 March 2022

Over the last year, strong demand recovery and a lack of investment in supply has caused prices to rise across sectors. Energy security and geopolitical tensions have added unprecedented uncertainty to markets across the globe. On top of that, countries and corporations still bear the massive challenge of limiting global warming to 1.5 ˚C.

News Release

Global lithium-ion battery capacity to rise five-fold by 2030

22 March 2022

Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030, says Wood Mackenzie.

News Release

Wood Mackenzie brings light to homes in Puerto Rico

08 March 2022

A team of three analysts from global energy consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), are in Puerto Rico this week helping install solar panels on homes as part of a new initiative with charity Let’s Share the Sun Foundation.

News Release

Energy transition may shave 2% off global GDP by 2050

20 January 2022

The world has the means, motive and opportunity to cap global warming to the 1.5°C limit agreed in the Paris Climate Accord, new research released today by Wood Mackenzie, a Verisk company (Nasdaq: VRSK) shows. But there will be tangible economic implications of an accelerated energy transition. While global economic output is likely to take a hit until 2050, it could be recoverable by the end of the century, according to Wood Mackenzie.

News Release

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

11 January 2022

Asia Pacific’s levelised cost of electricity (LCOE) for renewable power broke historical trends and rose in 2021 but still gained ground against fossil fuel power says Wood Mackenzie.

News Release

Sweden could become a pioneer in green steel production

21 December 2021

Sweden has shown it has potential to become a pioneer in green steel production, says Wood Mackenzie.

News Release

Global installed wind power capacity set to grow by 9% to 2030

15 December 2021

Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie.

News Release

Solar prices continue to rise but Build Back Better Act will boost installs 31% through 2026

14 December 2021

For the second quarter in a row, trade policy uncertainty and supply chain constraints are driving solar price increases across all market segments, according to the US Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

Li-ion battery recycling not expected to take off before 2030

08 December 2021

Lithium-ion (Li-ion) battery recycling is not expected to take off before 2030, according to a new report by Wood Mackenzie.

Comment

China’s GDP to further decelerate in Q4 2021

01 December 2021

China’s economy has faced headwinds from flooding, Covid outbreaks and power rationing in H2 2021. This resulted in a steeper-than-expected economic slowdown for the third quarter, says Wood Mackenzie

Comment

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

25 October 2021

Minister for Trade and Industry Gan Kim Yong said today that Singapore plans to import around 30 per cent of its electricity from low-carbon sources by 2035.

News Release

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

08 October 2021

Wood Mackenzie believes that Chinese authorities could allow customs clearance of stranded Australian thermal coal. In addition, the local governments in Yulin region of Shaanxi province and Inner Mongolia have announced yesterday that they will be increasing coal supply to meet demand.

News Release

Global energy storage set to triple in 2021

07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

US solar prices on the rise

14 September 2021

Despite the addition of 5.7 gigawatts (GWdc) of solar capacity in Q2 2021, supply chain constraints are leading to price increases across every solar market segment, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

Solar energy to boost demand for base metals

09 August 2021

According to a new report from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), solar power will have a significant impact on demand for aluminium, copper, and zinc, with the usage of all three metals in the sector set to double by 2040.

Comment

China’s CATL launches sodium-ion battery

29 July 2021

China’s CATL unveiled its newly-developed sodium-ion battery at a launch event today.

Comment

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

27 July 2021

Last week, Japan’s Ministry of Economy, Trade and Industry (METI) released a draft of its upcoming 6th Strategic Energy Plan which included major changes to the FY2030 power generation mix targets.

News Release

EU’s ‘Fit for 55’ lays out bloc’s green blueprint

14 July 2021

Europe is at the forefront of the shift to net zero, both in ambition, but also in terms of how to make rapid and deep decarbonisation a reality. The world needs to reduce carbon dioxide (CO2) emissions as quickly as possible. Not doing so means we will need to turn to expensive and unproven technologies to withdraw CO2 from the atmosphere later this century.

News Release

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

08 July 2021

According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), global wind power life cycle emissions will reach 55 million tonnes of carbon dioxide equivalent (Mt CO2) from 2020 to 2050, a result of wind power capacity expanding five-fold to 3.7 terawatts from 2020 to 2050. This is roughly equivalent to four times the US’s total power capacity in 2020.

News Release

Wood Mackenzie expands energy transition expertise with acquisition of Roskill

18 June 2021

Wood Mackenzie is pleased to announce its acquisition of Roskill, a privately-owned company and leader in metals and materials supply chain intelligence.

News Release

Australia’s low-carbon hydrogen trade could be worth up to US$90 billion in 2050

17 June 2021

Low-carbon hydrogen could become a US$50 billion to US$90 billion export industry for Australia in 2050, says Wood Mackenzie.

News Release

Wood Mackenzie appoints Ben Hertz-Shargel as Global Head of Grid Edge

05 May 2021

Wood Mackenzie, a leading provider of commercial intelligence for the world's natural resources sector, has appointed Ben Hertz-Shargel to the role of Global Head of Grid Edge

News Release

UK accelerates plan to cut carbon emissions

20 April 2021

Today's announcement outlining the UK's plan to set a legally binding 78% greenhouse gas emissions reduction target (on 1990 levels) through its Sixth Carbon Budget is another significant milestone on the road to its goal of net-zero emissions by 2050.

News Release

Americas to lead global energy storage market by 2025

20 April 2021

According to new research from Wood Mackenzie, the Americas region will overtake Asia Pacific by 2025 to lead the global storage market, with a total capacity of 371 GWh in 2030. Most of this growth will come from the US.

News Release

Global wind power installations hit record levels in 2020

29 March 2021

114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to new research from Wood Mackenzie. This is the highest global annual installation total on record.

News Release

Chinese NEV and HEV sales to rise over 15-fold by 2035

23 March 2021

Sales of China’s new energy vehicles (NEV) and hybrid electric vehicles (HEV) combined are expected to rise 15-fold or more by 2035 with their share in total new car sales exceeding 80%, says Wood Mackenzie.

News Release

U.S. solar industry sets records in 2020, on track to quadruple by 2030

16 March 2021

The U.S. solar industry grew 43% and installed a record 19.2 gigawatts (GWdc) of capacity in 2020, according to the ‘U.S. Solar Market Insight 2020 Year-in-Review’ report, released today by Wood Mackenzie and the Solar Energy Industries Association (SEIA).

News Release

US energy storage market shatters quarterly deployment record

03 March 2021

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. This is an increase of 182% from Q3 2020, making Q4 the new record quarter for U.S. storage.

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Search results: 1974

Look beyond bid price and lease fees to win in trillion-dollar offshore wind sector

Russia-Ukraine war could slow global economic growth to 2.5% this year

World must double-down on plans to achieve net zero by 2050

Global lithium-ion battery capacity to rise five-fold by 2030

Wood Mackenzie brings light to homes in Puerto Rico

Energy transition may shave 2% off global GDP by 2050

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

Sweden could become a pioneer in green steel production

Global installed wind power capacity set to grow by 9% to 2030

Solar prices continue to rise but Build Back Better Act will boost installs 31% through 2026

Li-ion battery recycling not expected to take off before 2030

China’s GDP to further decelerate in Q4 2021

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

Global energy storage set to triple in 2021

US solar prices on the rise

Solar energy to boost demand for base metals

China’s CATL launches sodium-ion battery

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

EU’s ‘Fit for 55’ lays out bloc’s green blueprint

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

Wood Mackenzie expands energy transition expertise with acquisition of Roskill

Australia’s low-carbon hydrogen trade could be worth up to US$90 billion in 2050

Wood Mackenzie appoints Ben Hertz-Shargel as Global Head of Grid Edge

UK accelerates plan to cut carbon emissions

Americas to lead global energy storage market by 2025

Global wind power installations hit record levels in 2020

Chinese NEV and HEV sales to rise over 15-fold by 2035

U.S. solar industry sets records in 2020, on track to quadruple by 2030

US energy storage market shatters quarterly deployment record

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