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Competition increases in the residential solar-plus-storage battery market

12 December 2023

As the residential solar-plus-storage market continues to grow, competition has increased amongst battery vendors, with new manufacturers gaining market share in recent years, according to a new analysis from Wood Mackenzie

News Release

US energy storage installations set new record in Q3 2023

13 December 2023

The U.S. storage market hit a new high in Q3 2023, installing the most capacity in a quarter to date with 7,322 megawatt hours (MWh) becoming operational in the third quarter of 2023.

News Release

Offshore wind sector doubled down on tangible opportunities in 2023

31 January 2024

Despite supply chain headwinds and price pressures, the global offshore wind sector saw significant growth in its mature pipeline, as late-stage pipeline mergers & acquisitions, turbine orders, and project financial investment decisions (FIDs) saw record activity in 2023. This has boosted the sector’s momentum into 2024.

News Release

Power demand growth remains strong in Asia Pacific

31 January 2024

India, China and Southeast Asia will continue to be the three most important growth engines of power demand across the planet, says Alex Whitworth, Vice President, Head of Asia Pacific Power Research at Wood Mackenzie. With the Asia Pacific region seeing its share of global power demand surpass the 50% mark in 2023.

News Release

Energy storage’s meteoric rise breaks another record

19 March 2025

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.

News Release

Solar adds more new capacity to the grid in 2024 than any energy technology in the past two decades

11 March 2025

The United States installed a record-breaking 50 gigawatts (GW) of new solar capacity in 2024, the largest single year of new capacity added to the grid by any energy technology in over two decades. According to the U.S. Solar Market Insight 2024 Year in Review report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar and storage account for 84% of all new electric generating capacity added to the grid last year.

News Release

Wood Mackenzie donates solar power system to domestic violence shelter in Puerto Rico

06 March 2025

To honor the upcoming International Women’s Day, Wood Mackenzie, in partnership with Let’s Share the Sun and other third parties, recently donated 24 solar panels and 2 batteries of storage to a shelter for victims of domestic violence in Puerto Rico. The fully installed 10.8 kW-DC system and 27.2 kWh battery will provide a significant portion of the shelter’s power needs.

News Release

South America to add 160 GW of solar PV capacity by 2034

05 March 2025

Wood Mackenzie's latest report on the South American solar PV market reveals that the region will add 160 GWdc of solar capacity between 2025 and 2034, driven by diversification efforts, growing power demand, and favourable system economics. The report "South America Solar PV Market Outlook 2025" provides a comprehensive analysis of the region's solar energy landscape, power sector dynamics, 10-year solar PV installation outlook, and policy impacts across key markets.

News Release

Wood Mackenzie launches Lens Power & Renewables

04 March 2025

Wood Mackenzie, the global insight business for renewables, energy, and natural resources, has launched Lens Power & Renewables, a new suite of products with interconnected data, analytics, and insights to navigate the energy transition.

News Release

Proposed US tariffs could increase onshore wind costs by up to 7%, says Wood Mackenzie

11 February 2025

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.

News Release

Increased protectionist measures in US solar market could expand domestic manufacturing, but increase overall costs

22 October 2024

New trade tariffs and increased import restrictions in the US solar supply chain would expand domestic manufacturing, but create a more expensive market, potentially slowing down the growing sector, according to a recent report from Wood Mackenzie.

News Release

Global competitiveness of renewable LCOE continues to accelerate

21 October 2024

In 2024, the global landscape for Levelised Cost of Electricity (LCOE) continues to reflect significant advances in renewable energy technologies, with wind and solar power leading the way, according to the latest LCOE reports from Wood Mackenzie.

News Release

US Grid-Scale Energy Storage Installations Surge, Setting New Q2 Record

01 October 2024

The U.S. energy storage market experienced significant growth in the second quarter, with the grid-scale segment leading the way at 2,773 MW and 9,982 MWh deployed.

News Release

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

16 September 2024

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

News Release

US energy storage market sets Q1 capacity installation record

18 June 2024

The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023.

News Release

American solar panel manufacturing capacity increases 71% in Q1 2024 as industry reaches 200-gigawatt milestone

06 June 2024

A record-setting 11 gigawatts of new solar module manufacturing capacity came online in the United States during Q1 2024, the largest quarter of solar manufacturing growth in American history.

News Release

US energy storage market breaks installation record in Q4 2023

20 March 2024

The US energy storage market shattered previous records for deployment across all segments in the final quarter of 2023, with 4,236 megawatts (MW) installed over the period, a 100% increase from Q3 according to a new report released today.

News Release

Wood Mackenzie and Let’s Share the Sun donate solar PV and energy storage system to women’s shelter in Puerto Rico

08 March 2024

On International Women’s Day, Wood Mackenzie, in partnership Let’s Share the Sun and other third parties, dedicated 51 solar panels and battery storage to a shelter for victims of domestic violence in Puerto Rico. The fully installed 25 kW-DC system will provide a significant portion of the shelter’s power needs.

News Release

Government tenders to drive 102 GW of global renewable capacity in 2024

07 March 2024

More than 100 gigawatts (GW) of global renewable energy capacity is expected to be tendered in 2024. With more than 60 GW to be offshore wind, the overall volume is set to grow as the year progresses and will match 2023 levels.

News Release

Solar inflation reverses as renewable costs in Asia reach all-time low

29 February 2024

Plummeting Utility PV solar costs beat coal power to emerge as the cheapest power source in the region

News Release

Key energy takeaways from Canada’s 2025 election

01 May 2025

Newly elected Prime Minister of Canada, Mark Carney, has made energy a key initiative of the new government, with goals to expand both conventional and clean energy, but decoupling energy flows away from the US may prove to be a challenge, according to Wood Mackenzie.

News Release

Global SMR pipeline surges 42% as data centres drive demand

13 May 2025

As energy demand grows, particularly driven by data centres and AI applications, the small modular reactor (SMR) nuclear pipeline surged 42% since last quarter to reach 47 gigawatts (GW), according to a new report from Wood Mackenzie.

News Release

Third-party ownership dominates US non-residential solar market, reaching 72% share in 2024

19 May 2025

Third-party ownership (TPO) of non-residential projects in the United States increased to 72% market share in 2024, up from 69% in 2023, according to the latest US Commercial Solar Competitive Landscape report from Wood Mackenzie.

News Release

Tariffs to increase costs and slow down development for US power industry

02 June 2025

Recent tariff policies in the US are set to increase the cost of power generation technologies, with energy storage seeing the biggest hike due to its dependence on Chinese imports, according to a recent report from Wood Mackenzie.

News Release

With the US data center pipeline surging, regulated utilities are proving advantaged in meeting demand

19 June 2025

With data center demand booming in the US, vertically integrated regulated utilities are proving to be advantaged compared to deregulated markets in getting large loads connected to the grid, according to the new Horizons report from Wood Mackenzie.

News Release

Robust growth drives North America RNG market to 604 mmcfd capacity in 2025

26 June 2025

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.

News Release

Wood Mackenzie reveals sharply divergent regional power market trajectories in latest Global Outlook

02 July 2025

Global power markets are entering a period of unprecedented transformation characterized by sharply divergent regional paths, according to Wood Mackenzie's latest H1 2025 regional power Strategic Planning Outlooks.

News Release

Trump's One Big Beautiful Bill Act reshapes US energy landscape

10 July 2025

President Trump's One Big Beautiful Bill Act (OBBBA) represents a dramatic shift that will fundamentally reshape US energy markets.

News Release

OBBBA policy changes could reduce US residential solar adoption by up to 46% through 2030, but massive long-term market potential remains

04 August 2025

The recently passed One Big Beautiful Bill Act (OBBBA), which eliminates several key market drivers, including the Section 25D customer-owned investment tax credit (ITC) for residential solar systems after 2025, will hinder near-term US residential solar growth according to a new report from Wood Mackenzie. However, the long-term potential remains strong, with growth expected to return after 2028.

News Release

Power transformers and distribution transformers will face supply deficits of 30% and 10% in 2025

14 August 2025

As electricity consumption continues to surge in the US, pressure on power infrastructure such as transformers has intensified, with a supply shortage for power and distribution transformers to hit 30% and 10%, respectively, in 2025, according to a recent report from Wood Mackenzie, a leading energy research and consultancy firm.

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Search results: 2041

Competition increases in the residential solar-plus-storage battery market

US energy storage installations set new record in Q3 2023

Offshore wind sector doubled down on tangible opportunities in 2023

Power demand growth remains strong in Asia Pacific

Energy storage’s meteoric rise breaks another record

Solar adds more new capacity to the grid in 2024 than any energy technology in the past two decades

Wood Mackenzie donates solar power system to domestic violence shelter in Puerto Rico

South America to add 160 GW of solar PV capacity by 2034

Wood Mackenzie launches Lens Power & Renewables

Proposed US tariffs could increase onshore wind costs by up to 7%, says Wood Mackenzie

Increased protectionist measures in US solar market could expand domestic manufacturing, but increase overall costs

Global competitiveness of renewable LCOE continues to accelerate

US Grid-Scale Energy Storage Installations Surge, Setting New Q2 Record

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

US energy storage market sets Q1 capacity installation record

American solar panel manufacturing capacity increases 71% in Q1 2024 as industry reaches 200-gigawatt milestone

US energy storage market breaks installation record in Q4 2023

Wood Mackenzie and Let’s Share the Sun donate solar PV and energy storage system to women’s shelter in Puerto Rico

Government tenders to drive 102 GW of global renewable capacity in 2024

Solar inflation reverses as renewable costs in Asia reach all-time low

Key energy takeaways from Canada’s 2025 election

Global SMR pipeline surges 42% as data centres drive demand

Third-party ownership dominates US non-residential solar market, reaching 72% share in 2024

Tariffs to increase costs and slow down development for US power industry

With the US data center pipeline surging, regulated utilities are proving advantaged in meeting demand

Robust growth drives North America RNG market to 604 mmcfd capacity in 2025

Wood Mackenzie reveals sharply divergent regional power market trajectories in latest Global Outlook

Trump's One Big Beautiful Bill Act reshapes US energy landscape

OBBBA policy changes could reduce US residential solar adoption by up to 46% through 2030, but massive long-term market potential remains

Power transformers and distribution transformers will face supply deficits of 30% and 10% in 2025

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