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The second half of the 2010s saw the rebirth of the battery electric vehicle (BEV).
Vietnam is now the leader in Southeast Asia’s solar photovoltaic (PV) market with the largest installed capacity in the region.
CPIH (China Power International Holding) and Equinor have signed a Memorandum of Understanding (MoU) to cooperate on offshore wind in China and Europe.
Strategic vendors - companies that offer products or services in the EV market - and European utilities were responsible for over 80% of electric vehicle (EV) charging M&A activity from 2010 through H1 2019, according to new research from Wood Mackenzie.
Global wind turbine order intake increased 111% YoY, overtaking the previous record set in Q4 2018 by 13.2GW, according to new research from Wood Mackenzie.
Over 380 energy tariffs from major retailers in Europe have been collected in the energy retailer tariff database. Several data points have been collected, including the type of tariff, the off peak period (if any) and the metering requirements. The supporting report explores the themes of appliance specific offers and country specific regulatory factors. The six largest energy retail markets have…
This report analyses the cost of lithium-ion BESS within the European utility-scale energy storage segment, providing a 10-year price forecast by both system and tierone component. The report focuses on lithium iron phosphate (LFP) batteries, reflecting the stationary BESS market’s movement away from nickel manganese cobalt (NMC) chemistries. All prices in this report and the data file are in real…
Global wind turbine order intake increased 7% YoY in Q1 2019, eclipsing the previous record seen in Q1 2018 for capacity in the quarter by 875MW, according to new research from Wood Mackenzie Power & Renewables.
Saudi Arabia will become a regional heavyweight in wind power by the early 2020s, according to new research by Wood Mackenzie Power & Renewables.
50.2GW of new wind power was added globally in 2018, a 4% increase YoY and the third highest annual total on record, according to the Wood Mackenzie Power & Renewables 'Global Wind Power Market Outlook Update: Q1 2019' report.
For the third year in a row, the U.S. solar industry installed double-digit gigawatts (GW) of solar photovoltaic (PV) capacity, with 10.6 GW coming online in 2018. The amount was a 2 percent decrease from 2017. However, the forecast shows the market rebounding in the years ahead, according to the...
The pipeline for energy storage projects in the U.S. has doubled this year, ballooning to 32.9 gigawatts, according to the latest U.S. Energy Storage Monitor from Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA). While not all of the projects will come to fruition, this ...
Under heavy subsidies from the government, China's electric vehicles (EV) market has grown exponentially to overtake the United States as the world's largest EV market. However with subsidies fading out in two years' time, the Chinese government and EV manufacturers are pressed for time to sustain the growth momentum in EVs. Wood Mackenzie's latest research reveals that China's proposed dual-credit scheme can reshape the EV market for a more sustainable development beyond the abolishment of subsidies in 2020. The EV penetration rate is projected to hit 17% in 2035 as a result.
A joint research report conducted by Wood Mackenzie and GTM Research assessing generation economics concludes that declining renewables and energy storage costs will increasingly squeeze out gas-fired generation in South Australia as early as 2025.
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.
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 six professionals from global energy consultancy Wood Mackenzie traveled to energy-impoverished areas of Puerto Rico last month to install solar panels and energy storage systems on homes and a women’s shelter as part of an ongoing charitable project with Let’s Share the Sun Foundation.
Despite policy support and market growth, the biggest economic hurdle to the uptake of the latest nuclear and small modular reactors (SMRs) is cost, according to Wood Mackenzie report.
Chinese companies have made significant strides in the Belt & Road initiative's overseas power projects over the past decade. With an estimated investment value of around US$200 billion, over 300 projects have installed 128 GW of power, equivalent to 1.3 times Australia's installed capacity in 2022. However, challenges have emerged, leading to the cancellation or shelving of over 20% of projects to date.
Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.
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.
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.
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.
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.
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.
President Trump's One Big Beautiful Bill Act (OBBBA) represents a dramatic shift that will fundamentally reshape US energy markets.
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.
Global floating solar demand is expected to grow by an average of 22 percent year-over-year from 2019 through 2024.
How does the region move rapidly towards a pathway to decarbonisation in line with Paris Agreement goals, while ensuring continued economic growth and competitiveness?
A new variation on DC-coupled system architecture is making DC-coupling attractive for FTM applications for the first time.
Questions about IRPs and RFPs speak to a new way of looking at the energy mix. Read more.
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