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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 community solar market to break 14 GWdc of cumulative capacity by 2029

08 August 2024

7.3 gigawatts direct current (GWdc) of total new community solar installations are expected to come online in existing state markets by 2029 in the US, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA). Cumulative national community solar installations will break 14 GWdc by 2029.

News Release

JA Solar and Trinasolar jointly claim top spot in global solar module manufacturing ranking amid $2.2 billion industry slump

19 December 2025

JA Solar and Trinasolar have jointly claimed the top rank in Wood Mackenzie’s Global Solar Module Manufacturer Ranking for the first half of 2025, with scores of 91.7 and 91.6, respectively. This ranking evaluates 38 manufacturers of crystalline silicon modules and highlights a growing operational and financial divide within the industry. Leading companies are focusing on technology, utilisation, and geographic diversification to navigate the ongoing oversupply challenge.

News Release

Is the end of the global energy transition closer than we think?

17 October 2018

Is the Global Energy Transition on track? A new report by Wood Mackenzie, Thinking global energy transitions: the what, if, how and when, explores the forces shaping the energy transition, and pinpoints the sustainability tipping point – when the world shifts from the age of oil and gas to the age of power and renewables – will arrive by 2035.

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

U.S. Adds 11.7 GW of New Solar Capacity in Q3, Third Largest Quarter on Record

09 December 2025

The U.S. solar industry installed 11.7 gigawatts (GW) of new capacity in Q3 2025, marking the industry’s third-largest quarter on record and pushing total installations this year past 30 GW.

News Release

China’s e-bus stock to surpass 1 million mark by 2023

16 September 2019

Fuelled by public policy and declining battery costs, global electric bus adoption is set to triple by 2025. The Chinese market - the most promising in this sector - will surpass the 1 million e-bus mark by 2023 and reach 1.3 million by 2025, according to new research from Wood Mackenzie.

News Release

Cumulative US community solar installed capacity expected to break 14 GWdc by 2028

21 February 2024

US cumulative community solar installations are forecasted to break 14 gigawatts direct current (GWdc) in existing state markets by 2028, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA).

News Release

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

OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

05 March 2020

The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

News Release

Permian operators cash in ... by thinking inside the box

21 August 2019

As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence. New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs. Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost. Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.

News Release

China leads global wind turbine manufacturers’ market share in 2023

01 May 2024

China accounted for 65% of global wind capacity in 2023, which pushed four Chinese wind turbine original equipment manufacturers (OEM) into the top five global rankings, a first for the sector. With a record of 16.3 gigawatts (GW) capacity installed, Goldwind maintained the leading position for the second consecutive year.

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.

News Release

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 energy storage market sets Q1 record for deployments

08 June 2021

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 910 megawatt-hours (MWh) of new energy storage systems were brought online in Q1 2021. This is an increase of 252% over Q1 of last year, making it the biggest Q1 so far for the US storage market.

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

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.

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Search results: 867

Steel industry emissions to decline 30% by 2050

US community solar market to break 14 GWdc of cumulative capacity by 2029

JA Solar and Trinasolar jointly claim top spot in global solar module manufacturing ranking amid $2.2 billion industry slump

Is the end of the global energy transition closer than we think?

Significant government intervention necessary if bioplastics are to scale

U.S. Adds 11.7 GW of New Solar Capacity in Q3, Third Largest Quarter on Record

China’s e-bus stock to surpass 1 million mark by 2023

Cumulative US community solar installed capacity expected to break 14 GWdc by 2028

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

OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

Permian operators cash in ... by thinking inside the box

China leads global wind turbine manufacturers’ market share in 2023

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 energy storage market sets Q1 record for deployments

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

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