Green tide is turning against oil giants
The Age – Sunday, August 13, 2017
The debate on when the market will reach “peak oil supply” has been replaced with discussions on when the market will hit peak oil demand, which Wood Mackenzie suggests could happen in the next five years. With the rising popularity of electric vehicles, increasing energy efficiency and the plummeting costs of renewables production, these factors will reduce fossil fuel demand by 6.5 million barrels per day by 2025. Read more…

Electric car forecast predicts 21% market share by 2035
Houston Chronicle – Thursday, August 10, 2017
By 2035, a recent Wood Mackenzie study predicts that 21% of vehicles on the road will be electric cars, which will build an increased role for energy storage technologies. Read more…

Shenhua Group and China Guodian submit merger plans
Financial Times – Friday, August 4, 2017
If plans go through to merge two of China’s largest state energy companies Shenhua Group and China Guodian, the resulting entity would be the world’s largest utility provider by capacity. Wood Mackenzie’s Dr. Frank Yu says this merger would benefit both companies, as “Shenhua can improve its coal-heavy capacity mix… by diversifying into clean energy… and Guodian can benefit from a powerful coal ally such as Shenhua to manage supply and price risks.
Read more…

Australian renewables and batteries to outstrip gas by 2025
Energy Voice – Wednesday, July 26, 2017
A report from Wood Mackenzie and sister company GTM Research suggests that falling renewables and battery costs will mean the displacement of gas as the leading source of energy generation in South Australia by 2025. Bikal Pokharel, Wood Mackenzie’s Asia-Pacific power and renewables principal analyst, also said that “the region could become a leading case study on managing a power system in transition for other mature markets to follow.” Read more…

Electric cars: everything you need to know
The Guardian – Wednesday, July 26, 2017
Electric cars are increasingly trendy – what are some of the questions people are asking? In response to the question What happens to all the petrol stations? Wood Mackenzie comments that about 100 petrol stations are closely annually, but also this rate will most likely grow over time, some petrol stations may convert to fast-charging sites. Read more…

Is there enough electricity? National Grid reacts to fossil-fuel vehicle ban
The Guardian via Yahoo! Finance – Wednesday, July 26, 2017
Although National Grid has welcomed the plan to make electric or zero-emission cars and vans account for all new sales in the UK from 2040, the firm acknolwedged that the government and industry will now face big decisions on how the extra power to meet this new demand will be managed. If one in three cars sold in 2035 is fully electric, Wood Mackenzie estimates that the vehicles would collectively account for 3% of the UK’s total electricity demand, and building 400,000 charging points for them all would cost £30 billion. Read more…

One of the Best Solar Stocks to Buy in 2017
Money Morning – Friday, July 21, 2017
With the rapid rise of solar energy, investors are turning to renewable energy stocks to profit from the industry’s enormous growth. Although seen on a global scale, this holds most true in China, where Wood Mackenzie says the country’s renewable energy sector could see production increase 700% by 2035. Read more…

Construction Corner: China tackles climate change with a renewable energy city
Daily Commercial News by ConstructConnectTM – Friday, July 21, 2017
To serve the growing number and population living in cities, China started by building more coal-fired power plants before transitioning to renewable energy development. This transition is evident in the fact that Chinese coal consumption has dropped by 40% in the past six years, according to Wood Mackenzie. Read more…

UPDATE 2-China says coal supply is sufficient for current power demands
Reuters – Tuesday, July 18, 2017
As thermal coal futures have surged this year, China’s National Development and Reform Commission (NDRC) stated it would “properly deal” with the impact of cutting capacity and would try to stabilize supplies. Wood Mackenzie’s head of China research Prakash Sharma says “there is an uneasiness… to quickly drive prices lower by bringing on new supply into the market, [which would reverse] the hard work done on coal sector reforms.” Read more…

Trucks drive through the energy-efficiency policy gap
Financial Times – Monday, July 3, 2017
With most carbon-reduction initiatives to date focused on cars, the International Energy Agency is seeking to address road freight transport, including lorries carrying industrial goods, supermarket truck and delivery vans. Although government policy will add more momentum, Wood Mackenzie’s Linda Giesecke comments that “it will take years to see a material impact on oil demand growth and emissions. It always takes a while for the vehicle fleet to turn over.” Read more…

This Supermajor Is Leading The Charge On Renewables
OilPrice.com – Monday, July 3, 2017
Having spent nearly €1 billion on a battery manufacturing firm, Total seems to be leading the charge (or some say the only one taking it seriously) of oil majors into the renewables space. A recent Wood Mackenzie study states that “wind and solar are poised to radically reshape energy markets and… renewables cannot be ignored”, a statement that Total seems to agree with considering their gas and renewable power division has 13,000 employees and represented $4.7 billion of capital expenditure in 2016. Read more…

Korea power stocks drop as Moon halts nuclear plants
Financial Times – Wednesday, June 28, 2017
South Korea is taking serious moves to reevaluate their nuclear policy, having halted the construction of two nuclear stations. Wood Mackenzie’s Kerry-Anne Shanks comments that this “anti-nuclear stance could challenge Korea’s ambitions to export nuclear technology to other countries… like the UK that [would] potentially want to work with Korea could become a little nervous.” Read more…

Coal on the rise in China, US, India after major 2016 drop
Calgary Herald – Monday, June 26, 2017
Through May 2017, coal production in China, the United States and India has increased by 6%. Wood Mackenzie’s Andy Roberts adds that coal has been helped by natural gas prices, which edged up in early 2017, and by a cold winter in parts of the U.S., which increased power demand. Read more…

U.S. solar demand could drop 66 percent if trade case succeeds: report
Reuters – Monday, June 26, 2017
Suniva’s new trade dispute would strike a devastating blow to the U.S. solar market, erasing two-thirds of installations expected to come on-line over the next five years. According to GTM Research’s latest report, a successful petition would send shockwaves that will be felt across all segments of U.S. solar. Utility-scale solar is most at risk, with more than 20 gigawatts already at risk of cancellation if module prices fall back to 2012 levels. Read more…

In China, Renewable Energy Can Bring Investors Profits of 33%
Money Morning – Friday, June 23, 2017
A Wood Mackenzie report suggests that global solar-powered electricity generation will grow annually by 11% through 2035. With Chinese solar-powered electricity generation expected to grow by more than 700% annually within the same time period, early investments in this space can yield profits of up to 33%. Read more…

Young people don’t want to work for oil companies
Gant News, CNN News Affiliate – Wednesday, June 21, 2017
Many aspects of energy are shifting towards renewables. Not only do young Americans prefer to have careers in green energy instead of oil and gas (based on a recent survey), but traditional oil and gas companies are looking toward renewables, too. Wood Mackenzie projects that major oil companies will invest $350 billion on wind and solar between now and 2035. Read more…

Solar panel makers look to White House for help
The Hill – Tuesday, June 20, 2017
Shayle Kann, head of GTM Research, says that the debate around trade penalties for imported panel technologies is “between a few of the remaining domestic manufacturers against almost everyone else in the solar industry… [including] asset management companies, the software companies, [and] the engineering and procurement companies.” Read more…

Malicious Attacks on Electric Grid Facilities Over-Reported
Bloomberg BNA – Thursday, June 15, 2017
Data analysis by Bloomberg BNA suggests that sabotage and vandalism incidents to the U.S. electric grid might be less severe than reported by the federal government. However, Wood Mackenzie’s head of Americas power and renewables research Prajit Ghosh comments that a smart electric grid with more access points “opens up the potential for more hacks.” Read more…

China’s consolidation push turns to sprawling power sector
Financial Times – Wednesday, June 14, 2017
Are there signs of consolidation in the Chinese power industry? If it happens, this consolidation would ease tension between state-owned coal miners and state-owned coal-fired power generators where, as Wood Mackenzie’s Frank Yu comments, “the structural conflict … has been a feature of the past two decades.” Read more…

Floating solar farm reflects China’s clean energy ambitions
The Daily Mail – Saturday, June 10, 2017
China recently launched the world’s largest floating solar farm,a 40 MW power plant with 160,000 panels resting on a lake. As part of the country’s efforts to become less fossil fuel dependent, “the US’s withdrawal from the Paris agreement offers China an unprecedented opportunity to take the lead in climate change,” says Wood Mackenzie’s Frank Yu. Read more…

Mongolia and China envision giant power grids to light up Asia
The Japan Times – Friday, June 9, 2017
With electricity demand across Asia projected to increase by 3.5% annually, Mongolia is considering a $7 billion project to build coal, wind and solar plants with connections to China, Russia, South Korea and Japan. However, Wood Mackenzie’s Frank Yu comments that some countries may worry about becoming too reliant on imported power or technology from China. Read more…

US solar market added more than two gigawatts in first quarter of 2017, new study shows
CNBC – Thursday, June 8, 2017
CNBC highlights findings from GTM Research and SEIA’s latest quarterly U.S. Solar Market Insight Report. Read more…

This is the gas station of the future. Hopefully, the bathrooms are cleaner
The Wall Street Journal via MarketWatch – Tuesday, June 6, 2017
The world’s big oil companies are considering a wide variety of changes to the typical gas station in an effort to adapt to changing consumer habits and new technologies. According to Wood Mackenzie, electric cars are likely to reduce U.S. gasoline demand by 5% — or even as high as 20% — by 2035. Read more…

US exit from Paris agreement could disrupt clean tech financing in short-term
Moneycontrol.com – Tuesday, June 6, 2017
Wood Mackenzie points out that the US’ exit from the Paris agreement could be an opportunity for China, India and the European Union to collaborate more closely toward a low-carbon economy. Read more…

S.Korea plans energy U-turn away from coal, nuclear
Bunker Ports News Worldwide – Monday, June 5, 2017
President Moon Jae-in has plans to shift South Korea’s energy policy away from coal and nuclear power to natural gas and renewables. Thanks to improved technology and sliding LNG prices, Wood Mackenzie analyst Chong Zhi Xin suggests that “if there are no new nuclear and coal plants, the potential LNG imports could be 46-49 million tonnes per annum.” Read more…

Factcheck Shows Trump’s Climate Speech Was Full of Misleading Statements
Scientific American – Friday, June 2, 2017
Wood Mackenzie analyst Matt Preston says that the coal market is continuing to shrink, and despite “a little of a revival this year and next year… no one’s thinking we need to build new coal plants.” Read more…

AP Explains: Why China is stepping up against climate change
ABC News – Friday, June 2, 2017
With investments totaling $144 billion in new solar projects, $100 billion in wind and $70 billion in hydropower, China has clear aspirations to take the lead into the renewables era. As the U.S. looking to exit the Paris climate agreement, Wood Mackenzie’s Frank Yu comments that it “actually gives China more opportunity to lead these global efforts.” Read more…

[VIDEO] U.S. Energy’s Future Outside of Paris Agreement
Bloomberg – Thursday, June 1, 2017
If the U.S. exits the Paris climate agreement, Wood Mackenzie’s Paul McConnell discusses how waning oil demand growth, cheaper U.S. natural gas prices and other market factors will have more of an impact on future renewables development than policy. Watch video…

What the Paris climate agreement withdrawal means for U.S. economy
USA Today – Thursday, June 1, 2017
Shayle Kann, the head of GTM Research, discusses implications for the U.S. and the Trump administration in regards to withdrawing from the Paris climate agreement. Read more…

This Could Be the Biggest Disruption the U.S. Solar Industry Has Ever Seen
The Motley Fool – Friday, May 26, 2017
After Suniva filed for bankruptcy, the firm made a petition to place tariffs on imported solar cells under Section 201 of the 1974 Trade Act. While the U.S. International Trade Commission has agreed to hear the case, the scope remains unclear. If it includes more than solar cells and modules, Ben Gallagher of GTM Research (a subsidiary of Wood Mackenzie) says “utility-scale single-axis tracker pricing could rise… to $1.56 per watt overnight.” Read more…

Get Ready for Peak Oil Demand
Bunker Ports News Worldwide – Tuesday, May 23, 2017
Oil companies are preparing for a big shift in energy consumption, as global oil demand is expected to peak and then fall all within the next few years. With improved fuel efficiency technologies and as carbon rules go into effect, Wood Mackenzie’s Linda Giesecke states that “lots of clients in the financial sector [are] asking about peak demand… if [the technology] is disruptive, it will come fast.” Read more…

Mercedes-Benz Brings a New Model (of Battery) to U.S. Homes
New York Times – Thursday, May 18, 2017
Shayle Kann, the head of GTM Research describes the burgeoning energy storage market. Read more…

New South Korean president seen hindering country’s nuclear ambitions
The Business Times – Wednesday, May 17, 2017
South Korea’s newly-appointed president Moon Jae-in has an anti-nuclear stance that is seen as a threat to the country’s ambitions to become a bigger exporter of nuclear equipment and technology. Wood Mackenzie’s analyst Kerry-Anne Shanks says “this could send a negative signal to foreign countries looking to purchase reactors”. Read more…

Natural gas: Why it’s important and what you need to know
CNBC – Tuesday, April 25, 2017
The U.S. Department of Energy reaffirm that natural gas is playing a “vital role” in the U.S. energy supply, with consumption expecting to hit 26.6 trillion cubic feet by 2035. What is natural gas used for? Wood Mackenzie’s analyst Chong Zhi Xin gives a few examples. Read more…

PLN to go nuclear if renewable energy goal flops
The Jakarta Post – Tuesday, April 25, 2017
Indonesian state electricity company PT PLN is considering nuclear as part of its so-called business electricity procurement plan (RUPTL). However, Wood Mackenzie’s senior research analyst Edi Saputra comments that gas and liquefied natural gas is still more feasible from a cost and geographic perspective. Read more…

Solar Installers Struggle as Panels Become Cheap Enough to Own
Wall Street Journal – Friday, April 14, 2017
Using GTM Research’s solar installer market share data, The Wall Street Journal’s Cassandra Sweet shows how big players like SolarCity and Vivint Solar have seen market shares drop as homeowners opt to buy rather than lease panels. Read more…

Petrobras laying the groundwork for pre-salt gas
Upstream – Friday, March 31, 2017
The inflexible nature of associated gas production means this energy source struggles to enter the baseload of a Brazilian power system dominated by hydroelectric capacity. Over the past decade, state-controlled Petrobras has developed liquefied natural gas regasification terminals to respond to swings in demand caused by drought. Read more…

Gas sector waits for Brazil power rush
Upstream – Friday, March 31, 2017
Regulators sometimes talk as if Brazil’s pre-salt gas will enter the power sector baseload inexorably, particularly as environmental restrictions and geographical limitations curb the scope for the biggest hydroelectric projects, with reservoirs less vulnerable to swings in capacity. Read more…

State Oil Firm Can Ease Energy Crisis
The Australian – Thursday, March 16, 2017
“We’ve just seen how state governments have neglected basic energy security priorities over the years with their gas drilling moratoriums, their renewables build-up without adequate storage or changes to grid design to accommodate for it, and the closure of coal-fired power plants, which has led to the current crisis and acute risk of blackouts…” says Wood Mackenzie’s Saul Kavonic. Read more…

Inpex’s $37bn Australia LNG project hit by dispute
Financial Times – Wednesday, March 15, 2017
The demobilisation of workers building the cryogenic tanks that will store liquefied gas at Ichthys comes after engineering company CIMIC in January terminated its contract to build a power plant at the facility. Read more…

Utilities consider closures, M&A as gas storage sites struggle
Reuters – Tuesday, March 14, 2017
European utilities are losing billions of euros from gas storage facilities, potentially triggering site closures and divestments in a market suffering from oversupply and weak demand. Read more…

‘Coal is in decline’ and it looks like not even Donald Trump can pull the industry’s long-term future out of the fire
Financial Post – Wednesday, March 8, 2017
Wood Mackenzie’s Wade Schauer comments that “since Trump’s election, we have seen coal retirement announcements actually accelerate rather than slow down.” Read more…

Energy Savings Can Be Fun, But No Need To Turn Off all The Lights
NPR – Tuesday, March 7, 2017
GTM Research’s grid edge analyst Elta Kolo weighs in on companies monitoring home energy usage. Read more…

Natural gas may be hitting a wall
Longview News-Journal – Saturday, March 4, 2017
In the U.S., gas demand from the power sector is expected to remain flat or even fall over the next five years. “The only way gas markets can increase,” says Wood Mackenzie’s Prajit Ghosh, head of research for North America power and renewables, “is by displacing coal and nuclear.” Read more…