China’s green ambitions can complement energy security and economic goals

• 18 March 2021

Wood Mackenzie’s latest report reveals that China’s march towards carbon neutrality by 2060 can complement both energy security and economic goals.

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).

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.

BMW Group must prioritise full-electric cars to meet 2030 targets

• 25 February 2021

BMW Group – which is comprised of BMW, Mini, Rolls-Royce and Zinoro – is targeting 7 million in battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) stock by 2030, which would see over 1 million combined sales of these cars globally by the same date. However, Wood Mackenzie projects the company will only meet 61% (4.2 million) of that stock target by 2030.

Europe needs to change course to hit 2030 emissions target

• 18 February 2021

Europe’s new 2030 emissions target of a 55% reduction over 1990 levels has made it the undisputed global leader in climate ambition. However, with the region still a long way from achieving this rapidly approaching goal, dramatic changes are needed.

Greentech Media's integration with Wood Mackenzie

• 12 February 2021

Wood Mackenzie acquired Greentech Media in 2016 and in 2019 integrated the GTM research practice into our ever-expanding Power and Renewables research team. Since then we have continued to use greentechmedia.com and GTM Squared as vehicles to present green technology and renewables news. Recognising the strategic importance of the energy transition to Wood Mackenzie, the time has now come for us to fully integrate Greentech Media.

700 million electric vehicles will be on the roads by 2050

• 08 February 2021

Electric vehicle (EV) sales are expected to reach 62 million units per year by 2050, with a total global EV stock of 700 million, according to new research from Wood Mackenzie.

Solar power now cheapest way to add electricity in many markets - and getting cheaper

• 21 January 2021

The cost of solar power has dropped 90% over the last two decades, and will likely fall another 15% to 25% in the decade to come, says Wood Mackenzie. By 2030, solar will become the cheapest source of new power in every US state, plus Canada, China, and 14 other nations.

Asia Pacific FTM storage costs to decline 30% by 2025

• 19 January 2021

All-in front-of-the-meter (FTM) battery storage system costs in Asia Pacific markets could decline by more than 30% by 2025, says Wood Mackenzie.

Driving toward a majority renewables America to catalyse nearly one million direct U.S. clean energy jobs

• 16 December 2020

According to a new, first-of-its-kind study released today by Wood Mackenzie and the American Clean Power Association, reaching a majority renewables grid will deploy over $1 trillion in capital investment into the American economy over the next decade, while supporting 980,000 direct jobs, stabilising wholesale power prices, and reducing U.S. carbon emissions by over 60%.

Enlit Europe 2023

• 03 August 2022

Meet our team at this year's Enlit Europe 2023, taking place in Paris, France | 28-30 November

Let's Share the Sun: meet our volunteers

• 07 March 2022

Wood Mackenzie and Let’s Share the Sun Foundation aspires to facilitate the use of solar energy in poor communities around the world. Meet our 2024 volunteers.

Women in energy

• 23 July 2020

We showcase research and analysis from some of our most accomplished and influential women in energy and natural resources. Meet some of the many outstanding women we're proud to work with – and explore their latest thinking.

European Green Deal Guide

• 12 August 2020

What is the European Green Deal and how should you prepare to benefit from the energy transition?

The real-time European power market solution for traders

• 20 July 2023

A robust, ready-to-run, integrated platform that helps you stay ahead of fast-moving power markets

U.S. Utility Solar Service

Identify the markets, players, and policies shaping the U.S. utility-scale solar market.

Solar market forges ahead in Q3 as residential installations recover and utility-scale pipeline grows

• 15 December 2020

According to the U.S. Solar Market Insight Q4 2020 report, released today by Wood Mackenzie and the Solar Energy Industries Association (SEIA), solar accounts for 43% of all new electric generating capacity additions through Q3 2020, more than any other electricity source. The report projects a record 19 GW of new solar capacity installations in 2020, representing 43% year-over-year growth from 2019.

Top 3 turbine OEMs to capture 60% of global market by 2029

• 03 December 2020

The top three wind turbine players - Vestas, SGRE and GE - will increase their combined global market share from 43% in 2019 to 60% by 2029, according to new research from Wood Mackenzie.

US energy storage market shatters records in Q3 2020

• 02 December 2020

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 476 megawatts (MW) of storage were deployed in Q3 2020. This is an increase of 240% over the previous high, set last quarter. 

Renewables in most of Asia Pacific to be cheaper than coal power by 2030

• 26 November 2020

Wood Mackenzie’s latest report shows most markets in Asia Pacific can expect to see cheaper levelised cost of electricity (LCOE) for renewables compared to coal by 2030.

Europe losing global energy storage battle as US and China race ahead

• 09 November 2020

Europe is set to lose the global energy storage race unless government auctions begin to incentivise flexible power, according to research from Wood Mackenzie.

LME Week 2020: $1 trillion needed for key energy transition metals by 2035

• 21 October 2020

More than $1 trillion of investment will be needed in key energy transition metals - aluminium, cobalt, copper, nickel and lithium - over the next 15 years just to meet the growing demands of decarbonisation, according to Wood Mackenzie. This is almost double the figure invested over the previous 15 years.

Global energy storage capacity to grow at CAGR of 31% to 2030

• 30 September 2020

Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030.

Achieving 2-degree world remains Herculean task

• 24 September 2020

Wood Mackenzie’s annual Energy Transition Outlook, released today, says the world must combine coronavirus recovery efforts with massive investments in renewable energy and clean infrastructure if it is to limit global warming to 2 degrees or lower.

China pledges to be carbon-neutral by 2060

• 23 September 2020

On 22 September, China announced its ambition to be carbon-neutral by 2060. Wood Mackenzie experts weigh in on what this means.

Southeast Asia’s wind power needs US$14 billion new investments by 2030

• 22 September 2020

Southeast Asia’s wind power sector requires at least US$14 billion of investments by 2030, says Wood Mackenzie. This is to support the 8.9 gigawatts (GW) of new wind power capacity that Wood Mackenzie expects to be added between 2020 and 2029.

UK can lead world in net zero energy technologies – but investment is critical

• 16 September 2020

Wood Mackenzie today delivered a comprehensive roadmap for the North Sea’s future to the OGTC, setting out the critical technologies needed to deliver an integrated net zero energy system on the UK Continental Shelf (UKCS), positioning the UK as a world-leader in the move to a low carbon world.

Utilities drive Q2 growth in US as pandemic causes drop in rooftop solar installations

• 10 September 2020

The US solar market installed 3.5 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q2 2020, a drop of 6% from Q1 installations. At the same time, utility-scale solar remained resilient despite the Covid-19 pandemic, representing 71% of all new solar capacity brought online in Q2.

What could a Biden win mean for electric vehicle adoption in the US?

• 08 September 2020

The Biden campaign has previously underlined the important role electric vehicles (EV) will play in reducing greenhouse gas emissions in the US. To encourage EV adoption, the campaign has three key targets: deploying 500,000 new public EV charging outlets, restoring the full EV tax credit, and developing a new fuel economy target.

Biden loss would end hopes of US decarbonisation before 2050

• 01 September 2020

The outcome of the 2020 US presidential election will dictate the pace of decarbonisation for decades, according to new research from Wood Mackenzie.