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Low-carbon hydrogen demand in refining could reach 50 Mtpa by 2050

09 June 2022

Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie.

News Release

Steel industry emissions to decline 30% by 2050

17 May 2022

Steel industry’s carbon emissions is expected to fall 30% by 2050 compared to 2021 levels, according to a new report by Wood Mackenzie.

News Release

US energy storage market sets Q4 record for new installations

24 March 2022

The US energy storage market set a new record in the fourth quarter of 2021, with new system installations totalling 4,727 megawatt hours (MWh).

News Release

Community solar sector to beat earlier 5-year forecast by 9%

08 February 2022

The U.S. community solar market is poised to continue growing over the next five years, adding 4.5 gigawatts (GW) of capacity, a 9% increase on previous projections. Expanded programs and new initiatives will boost development, but interconnection challenges may hamper the sector, according to new research released today by Wood Mackenzie, a Verisk business (Nasdaq: VRSK), carried out in collaboration with the Coalition for Community Solar Access (CCSA).

News Release

U.S. storage market sets new installation record in Q3 2021

09 December 2021

The U.S. energy storage market set a new record in the third quarter of 2021, with new system installations totalling 3,515 megawatt hours (MWh). Wood Mackenzie, a Verisk business (Nasdaq: VSK), and the U.S. Energy Storage Association’s (ESA) latest U.S. Energy Storage Monitor report, released today, said with market momentum building, it is likely this storage market record will be broken in the fourth quarter.

News Release

China’s copper industry cushioned from power crunch

12 November 2021

Wood Mackenzie’s latest report shows that compared to other base metals, China’s copper market appears to be better cushioned from the country’s power crunch.

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Can the US rise to meet the net-zero emissions challenge?

16 September 2021

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.

News Release

Is CCS the upstream sector’s silver bullet?

11 August 2021

We may only be halfway through 2021, but it is already shaping up to be a breakthrough year for carbon capture and sequestration (CCS) to emerge as a viable tool for upstream companies to decarbonise operations. Although the concept has been around for decades, CCS is moving into the mainstream. All the industry’s largest companies now plan to use sequestration to help them reach their decarbonisation targets.

News Release

Royalties reform could dampen investors’ appetite for Chile’s copper sector

29 June 2021

Proposed changes to Chile’s mining royalty regime will not have a drastic impact on the country’s production landscape in the near-term. However, analysis from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq:VRSK), indicates there is clear risk the amendments could compromise continued appetite to make large-scale, long-term investments in Chile’s copper sector.

News Release

Long-term LNG set to remain a buyers’ market

15 June 2021

The liquefied natural gas (LNG) long term contract market and LNG spot market are travelling in opposite directions. The long-term buyers’ market is only likely to end when it becomes clear that demand will outstrip new supply available from Qatar and Russia, global energy consultancy Wood Mackenzie said.

News Release

US solar market passes 100 GW milestone

15 June 2021

The US solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the US Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

News Release

TotalEnergies named industry’s most-admired explorer

31 May 2021

For the second consecutive year, French major TotalEnergies has been named the upstream industry’s most-admired explorer, an accolade awarded as part of with Wood Mackenzie’s industry-leading annual Exploration Survey.

News Release

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

20 May 2021

The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.

News Release

UK charts course for net zero North Sea

06 May 2021

The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry's capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050.

News Release

Commercial electric vehicle charging equipment market worth over $870 billion by 2050

10 March 2021

Government funding and zero-emission vehicle regulations are strong drivers for commercial electric vehicle (EV) adoption in every region thus far, therefore reducing the primary barrier to commercial EV adoption: cost. This policy support will see the annual market value of electric bus and truck charging outlets pass the $200 billion mark by 2045, according to Wood Mackenzie.

News Release

Decarbonisation key to future of Asia Pacific’s upstream industry

15 December 2020

Wood Mackenzie’s Asia Pacific upstream 2021 outlook report shows that the development of regional decarbonisation roadmaps is crucial to the future of the upstream industry.

News Release

Over US$11 billion of Australian gas projects to be sanctioned in 2021

10 December 2020

Wood Mackenzie’s Australasian upstream 2021 outlook report shows at least US$11 billion of gas projects poised for FID in 2021.

News Release

Consolidation to become major theme in E&P’s transition

17 November 2020

Consolidation among the Independents will accelerate in the face of energy transition, says Wood Mackenzie.

News Release

Significant government intervention necessary if bioplastics are to scale

19 October 2020

In order to achieve the scale needed to play a meaningful role, the bioplastics industry will require significant regulatory interventions from governments and substantial cost efficiencies as technologies mature and scale, according to Wood Mackenzie.

News Release

PV module innovations to help drive down solar costs in coming decade

19 October 2020

The global solar industry has experienced tremendous growth in the past decade as the annual demand for solar rose year after year while the cost of solar declined significantly. In the 2020s, solar module costs will continue to fall, albeit at a much slower rate. Instead, improvement in module efficiency and power class will propel the declining capex trend forward and ultimately lower the solar levelised cost of energy (LCOE), new research from Wood Mackenzie found.

News Release

India to overtake China as world’s largest LPG residential market by 2030

06 October 2020

India is expected to overtake China as the world’s largest liquefied petroleum gas (LPG) residential sector market by 2030.

News Release

Asia Pacific power generation could attract US$1.5 trillion investments this decade

08 September 2020

Wood Mackenzie’s latest report shows that the power generation sector in Asia Pacific could attract US$1.5 trillion worth of investments over the decade ending 2030.

News Release

Renewable energy could reduce Asia Pacific LNG plant emissions by 8%

17 August 2020

Using renewable energy to power liquefied natural gas (LNG) plants in Asia Pacific could reduce emissions by about 8%, says Wood Mackenzie.

News Release

China’s PTA producers look to futures to weather market volatility

16 July 2020

China’s purified terephthalic acid (PTA) producers have been using the futures market to price PTA in the spot market, hedge against risks and manage inventory. This has allowed many to stay profitable, despite market uncertainty and disruption brought by the coronavirus pandemic, says Wood Mackenzie.

News Release

Mexico, Central America and Caribbean power up with record wind capacity

18 June 2020

Mexico, Central America and the Caribbean saw a record 1,830 megawatts (MW) of new wind power capacity installed across the region in 2019 – a 126% year-on-year increase in additions, according to new research from Wood Mackenzie.

News Release

Gold industry must invest $37bn by 2025 to maintain 2019 production levels

17 June 2020

Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programmes paused or cancelled and project disruptions hampering production, the summit is in sight.

News Release

NOCs to slash over a quarter of exploration budgets on average in 2020

20 May 2020

National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.

News Release

Covid-19 lockdown hits global solar PV market

09 April 2020

The coronavirus pandemic will have a significant impact on the global solar PV market. Construction and development is slowing as countries around the world enforce unprecedented lockdowns. As the world economy faces severe economic disruption, Wood Mackenzie has downgraded its forecast for 2020 installations from 129.5 gigawatts (GW) to 106.4 GW, a reduction of 18%.

News Release

Global electric vehicle sales to drop 43% in 2020

08 April 2020

Global electric vehicle (EV) sales closed at 2.2 million in 2019. This number is expected to drop 43% to 1.3 million by the end of 2020, according to new research from Wood Mackenzie.

News Release

Coronavirus could derail energy storage growth in 2020

01 April 2020

If coronavirus containment measures continue to curtail movement of goods and people through Q2 this year, alongside an economic downturn, the market impact could trim Wood Mackenzie’s 2020 global energy storage deployments forecast by 19%.

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Search results: 858

Low-carbon hydrogen demand in refining could reach 50 Mtpa by 2050

Steel industry emissions to decline 30% by 2050

US energy storage market sets Q4 record for new installations

Community solar sector to beat earlier 5-year forecast by 9%

U.S. storage market sets new installation record in Q3 2021

China’s copper industry cushioned from power crunch

Can the US rise to meet the net-zero emissions challenge?

Is CCS the upstream sector’s silver bullet?

Royalties reform could dampen investors’ appetite for Chile’s copper sector

Long-term LNG set to remain a buyers’ market

US solar market passes 100 GW milestone

TotalEnergies named industry’s most-admired explorer

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

UK charts course for net zero North Sea

Commercial electric vehicle charging equipment market worth over $870 billion by 2050

Decarbonisation key to future of Asia Pacific’s upstream industry

Over US$11 billion of Australian gas projects to be sanctioned in 2021

Consolidation to become major theme in E&P’s transition

Significant government intervention necessary if bioplastics are to scale

PV module innovations to help drive down solar costs in coming decade

India to overtake China as world’s largest LPG residential market by 2030

Asia Pacific power generation could attract US$1.5 trillion investments this decade

Renewable energy could reduce Asia Pacific LNG plant emissions by 8%

China’s PTA producers look to futures to weather market volatility

Mexico, Central America and Caribbean power up with record wind capacity

Gold industry must invest $37bn by 2025 to maintain 2019 production levels

NOCs to slash over a quarter of exploration budgets on average in 2020

Covid-19 lockdown hits global solar PV market

Global electric vehicle sales to drop 43% in 2020

Coronavirus could derail energy storage growth in 2020