2025 global power market outlook: divergent paths in a transforming energy landscape

• 02 July 2025

Our latest research, powered by the Lens Power & Renewables offering, shows regional contrasts emerge as demand surges, storage booms and policy uncertainty reshapes investment flows

U.S. grid-scale energy storage installations set new record in Q2 2023

• 25 September 2023

Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today.

Battery electric vehicles to dominate vehicle sales by 2050

• 28 June 2021

Battery electric vehicles (BEVs) will be the dominant form of road transport by 2050, accounting for 56% of all vehicle sales that year, according to new research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

The historic decline of US coal

• 29 May 2020

Cheap gas and weak power demand have driven coal’s share of US power generation to its lowest since the 19th century. They are also accelerating its long-term downtrend

US community solar growth slowed 16% in 2022; national market expected to double by 2027

• 15 February 2023

US community solar installed capacity declined 16% in 2022 compared to last year, primarily driven by interconnection delays hindering growth in key state markets such as Massachusetts, Maine, and Maryland. Industry-wide supply chain constraints also pushed project timelines into 2023, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA).

Carbon capture and the future of LNG in Asia

• 08 September 2021

With LNG projects among the most emission-intense assets in the oil and gas sector, many companies are now actively working to lower the carbon intensity of their LNG portfolio.

Jigar Shah returns to the Energy Gang

• 09 May 2024

We welcome back Jigar Shah, the Director of the Department of Energy’s Loan Programs Office. With a front-row seat to the energy transition, Jigar discusses the office's role in advancing clean energy projects and bridging the gap between R&D and large-scale deployment. Hear about the progress made so far and the future goals, including meeting the increased demand for electricity driven by data centers, AI, new factories and electric vehicles.

Offshore wind propels the UK’s net zero ambitions

• 16 September 2020

The UK is home to around 35% of the world’s installed offshore wind capacity. Technology evolution will be vital to maintain the growth of the sector.

Global solar forecast gets an upgrade

• 11 December 2023

Our latest quarterly global solar PV forecast has seen a 5% upgrade, projecting over 3 TWdc of new solar PV installations between 2023 and 2032

Looking overseas: China's renewables expansion (Chinese language/中文)

• 23 April 2024

伍德麦肯兹：新能源电力海外投资发展

The key takeaways from our PJM, MISO and ERCOT seasonal outlook webinars

• 27 September 2023

What are the current topics creating a buzz for major US electricity grid operators?

Ammonia co-firing in thermal power plants could be worth US$100 billion in 2050

• 18 May 2022

While hydrogen can be used in many sectors, its derivative, ammonia, has emerged as a key tool to provide flexible power generation and integrate variable renewables. Analysis by Wood Mackenzie shows that a 10% ammonia co-firing in global coal plants would translate to 200 million tonnes (Mt) of ammonia demand, a potential market of US$100 billion by 2050.

Carbon Capture, Utilization, & Storage Conference 2026

• 07 October 2026

The Carbon Capture, Utilization and Storage (CCUS) Conference is on October 7-8 2026 in Houston, TX where you will have the opportunity to hear insight on the global CCUS landscape and why the US stands out. Find out how evolving carbon markets and technology will drive CCUS beyond 2030.

Asia Pacific's solar-plus-storage could see key developments in next five years

• 14 May 2019

In a recently published report, Wood Mackenzie projects solar-plus-storage prices or levelised cost of electricity (LCOE) for both utility-scale and distributed commercial & industrial (C&I) segments to decline considerably over the next five years.

AI could break the electricity grid

• 30 October 2025

AI is straining the power grid - can we keep the lights on? Ed Crooks and guests debate how innovation, investment and smart regulation can secure America’s energy future

Power Market Fundamentals

Our power solutions combine multi-commodity data, proprietary cost intelligence, asset-level data, unique geospatial capabilities, and market fundamentals to help discover new opportunities while assessing risk.

California dwarfs all other VPP markets in North America

• 29 March 2023

California dwarfs all virtual power plant (VPP) markets in North America, housing 24% of projects in the region, according to Wood Mackenzie’s ‘North America VPP market: H1 2023’ report.

What’s shaping CCUS project costs?

• 02 May 2023

A better understanding of carbon capture, utilisation and storage (CCUS) costs is needed before the technology can become a commercial reality on a truly global scale.

Global energy storage integrator market grows increasingly competitive in 2022

• 30 October 2023

The global Battery Energy Storage Systems integrator market has grown increasingly competitive in 2022, with the top five global system integrators accounting for 62% of overall BESS shipments.

Webinar | Cutting through hydrogen cost confusion

• 06 June 2024

Join Wood Mackenzie as we explore the true costs of hydrogen production.

2020 Wood Mackenzie Japan and Korea Power & Renewables Webinar Series

• 09 June 2020

To help you better understand the trends that are shaping Asia Pacific’s power and renewables markets in the 2020s, Wood Mackenzie is delighted to invite you to our upcoming webinar series in June 2020.

Webinar: Coronavirus - changing consumer behavior and energy demand?

• 12 May 2020

Join Wood Mackenzie for its new webinar series, Connecting Conversations. Twice a month, we will bring together a panel of experts to discuss energy’s most pressing questions.

Webinar Replay | Brazil gas and power market: how will coronavirus affect future development?

• 05 May 2020

Brazil’s industrial gas demand had already started to decline in March, after coronavirus containment measures were put in place in Sao Paulo and Rio de Janeiro states. However, as lockdowns took effect across the country in the first two weeks of April, demand plunged. The oversupply has forced Petrobras to take action to mitigate the damage across the gas value chain and used its portfolio in an integrated and coordinated approach. • Covid-19 impact in the gas and power demand, and crisis management implemented by Petrobras • New power dispatch and gas market trends post Covid-19 • What to expect for LNG, Bolivian and domestic prices in the short term? • Lessons learned to gas marketing and infrastructure development players.

Webinar | Unpacking PJM’s extended Minimum Offer Price Rule

• 24 September 2020

In this webinar, Wood Mackenzie research analysts will present key findings from their analysis of PJM’s extended Minimum Offer Price Rule (MOPR), with a focus on its impact on capacity price forecasting and clearing technologies.

Webinar| An accelerated energy transition: scenario analysis for a 1.5 degree pathway

• 17 February 2021

A 1.5-degrees pathway requires the world to peak carbon emissions immediately and reach net zero by 2050. With the US re-joining the Paris agreement, the probability to achieve these goals has improved. But let’s not undermine the challenge because the energy sector alone cannot deliver it.

Five themes shaping the energy world in 2025

• 08 January 2025

What opportunities, challenges and risks does the world of energy and natural resources face in 2025? From geopolitics to Big Oil M&A and innovation in power. Our experts share their thoughts.

The coming low carbon energy system disruptors

• 30 May 2024

Momentum towards the 1.5˚C goal of the Paris Agreement may be faltering but while the pursuit of net zero is slowing, it won’t stop. Multiple low carbon technologies will be needed at scale to achieve a 2˚C or lower pathway to complement those such as renewables already on the front line of decarbonisation.

Building an energy superpower

• 15 February 2024

How India fuels its future growth

Breakthrough technologies for the energy transition

• 20 July 2023

CCUS, hydrogen, grid edge, next-gen solar and new nuclear

The coming carbon capture and storage boom – we have lift off

• 31 January 2022

CCS has to be made to work – capturing and storing CO2 accounts for 20% of the emissions reduction needed to achieve global net zero by 2050.