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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.
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.
Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.
The success of Europe’s transition to net-zero emissions by 2050 will hinge on the flexibility of its power system.
The United States energy storage sector saw a strong first quarter, with residential storage setting another record while the non-residential market had its third-strongest quarter on record.
China’s wind turbine original equipment manufacturers (OEMs) could have their gross profit margins halved due to subsidy cuts, says Wood Mackenzie.
According to new research from Wood Mackenzie, Australia is set to add 1.2 gigawatt-hour (GWh) of energy storage capacity in 2020, more than double the 499 MWh installed in 2019. This takes the country’s cumulative storage capacity at 2.7 GWh this year.
Wood Mackenzie Power & Renewables expects new flavours of NMC chemistry, including 532 (5 parts nickel, 3 parts manganese, and 2 parts cobalt) and 622 (6 parts nickel, 2 parts manganese, and 2 parts cobalt) to start gaining market share by 2019.
A typical mid-size electric vehicle (EV) can generate up to 67% lower greenhouse gas (GHG) emissions than a gasoline internal combustion engine (ICE) car on a well-to-wheel basis.
The North America renewable natural gas (RNG) market has demonstrated robust growth, expanding 35% since 2023 and adding a record 139 million cubic feet per day (mmcfd) in 2024, according to a recent analysis from Wood Mackenzie.
The U.S. energy storage market set a new record in the second quarter of 2022, with grid-scale installations totalling 2,608 megawatt hours (MWh) – the highest installed capacity for any Q2 on record, according to a new report released today.
Waste-based biofuels could be a key driver of the energy transition transforming today’s limited supply of low carbon transportation fuels and creating a local, circular economy, according to a new report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
US Inflation Reduction Act bill set to boost CCUS uptake but more is needed to meet net zero goals by 2050
Boosted by recent legislation, the U.S. recorded 10 gigawatts (GW) of new utility-scale solar capacity contracts in Q2, up 201% from Q1 for the largest quarter-over-quarter growth on record according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
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.
Sub-Saharan Africa offers an alternative vision of how the energy transition will change power generation, according to research released today by global energy consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
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.
Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030, says Wood Mackenzie.
Five key lessons from today's energy crisis on how to manage the shift to lower-carbon sources while strengthening energy security
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.
US commercial solar project acquisitions continue to attract investor attention as interest in ESG investing grows. Today’s buyers and sellers of commercial solar projects are contending with the opposing dynamics of higher interest rates and increasing power prices. These findings come from the Commercial Solar PV Project Acquisition Trends report released today by Wood Mackenzie, a Verisk business (Nasdaq: VRSK), and Open Energy Group (OEG), a technology-driven marketplace for renewable energy asset sales and project finance.
The U.S. solar industry had its lowest quarter of installations since the start of the coronavirus pandemic, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business. In Q1 2022, price increases and supply chain constraints continued to suppress the solar market as the industry installed 24% less solar capacity than Q1 2021.
War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.
While recycling can relieve some pressure from the supply deficit of battery raw materials, it will not be able to meet demand, says Wood Mackenzie.
Global top 10 solar photovoltaic (PV) inverter vendors shored up 82% of market share in 2021, increasing by 2 percentage points compared to 2020, says Wood Mackenzie.
The US community solar market will continue to grow over the next five years, with at least 7 gigawatts direct current (GWdc) of community solar expected to come online in existing markets between 2022-2027.
Europe is set to achieve 45 million cumulative heat pump installations in the residential sector by 2030, which will support the region’s net zero and energy security goals, according to Wood Mackenzie’s latest insight ‘Europe electrification of heat demand outlook to 2050’.
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).
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.
Sweden has shown it has potential to become a pioneer in green steel production, says Wood Mackenzie.
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