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Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

18 November 2024

Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.

News Release

World heading for a 3°C warming trajectory, as political headwinds slow the energy transition

02 May 2024

A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.

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

Cenovus-MEG Merger Continues Oil Sands Consolidation Trend

22 August 2025

Addressing the announced merger agreement between Cenovus and MEG, Mark Oberstoetter, head of Americas (non-L48) Upstream Research for Wood Mackenzie, said "This deal will combine top-performing assets in the same region and is a continuation of the consolidation trend we have seen in the oil sands."

News Release

Record highs for global wind turbine order intake in 2023

18 March 2024

Global wind turbine order intake hit new highs in 2023 with 155 gigawatts (GW) procured for the year, an increase of 16 GW from 2022.

News Release

Dominican Republic launches first licensing round

10 July 2019

The Dominican Republic today launched its first licensing round, putting 14 blocks across its on- and offshore basins up for bid.

News Release

Golden Pass crests second wave of US LNG

05 February 2019

ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). The go-ahead for Golden Pass LNG comes as Anadarko and its partners in Mozambique LNG (Area 1) took a major step towards FID after signing sales and purchase agreements (SPAs) with CNOOC, Tokyo Gas-Centrica and Shell. ExxonMobil (30%) and Qatar Petroleum (70%) said construction at Golden Pass will begin in the first quarter of this year, with start-up scheduled for 2024.

News Release

US microgrid market develops at rapid pace, with capacity reaching 10 GW in 2022

06 February 2023

The US microgrid market reached 10 gigawatts (GW) in the third quarter of 2022, with more than 7 GW in operation and the rest in planning or construction stages, according to latest analysis from Wood Mackenzie’s Grid Edge Service.

News Release

Global energy storage set to triple in 2021

07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

Half of traditional super basins are future-fit and they have three things in common

21 July 2022

Energy super basins of the future must fulfill three key criteria - abundant resources, access to low-cost renewables and hub-scale carbon capture and storage (CCS) opportunities, according to a new report by 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

Global energy storage capacity to grow at CAGR of 31% to 2030

30 September 2020

Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030.

News Release

Oil price rout: which supply is most at risk of shut-in?

27 March 2020

The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

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

US solar industry to add 502 GWdc of capacity in next 10 years

23 April 2025

Speaking from Wood Mackenzie's Solar and Energy Storage Summit, Sylvia Leyva Martinez, Principal Analyst, North America Utility-Scale Solar, said, "Bright skies are ahead for US solar, with average annual installations surpassing 40 GWdc through 2035. In total, the US solar industry will add about 502 GWdc of capacity to the market in the next 10 years."

News Release

Solar growth trajectory remains uncertain as federal legislation stalls

10 March 2022

In 2021, US solar prices increased as much as 18% due to unprecedented supply chain challenges, trade actions, and legislative uncertainty, according to the US Solar Market Insight 2021 Year in Review report.

News Release

US storage market continues to grow in Q2 2021

09 September 2021

According to Wood Mackenzie, a Verisk business (Nasdaq: VSK), and the U.S. Energy Storage Association’s (ESA) latest U.S. Energy Storage Monitor report, 345 megawatts (MW) of new energy storage systems were brought online in the second quarter of 2021.

News Release

Record number of microgrids installed in US last year

22 July 2020

546 microgrids were installed in the United States during 2019, more than any previous year, according to new research from Wood Mackenzie.

News Release

Project delays and cancellations to dampen US microgrid growth through 2021

16 December 2019

Project cancellations and delays connecting planned projects to the electric grid will lead the US microgrid market to contract 17% from its 2018 peak by the end of this year, according to new research from Wood Mackenzie.

News Release

Anchor's aweigh as Chevron gives nod to US Gulf of Mexico development

12 December 2019

Chevron has given the green light to the Anchor development in deepwater US Gulf of Mexico. This is Chevron’s first greenfield final investment decision as an operator since its sanction of Big Foot and Jack/St Malo in 2010.

News Release

Resilience to drive US microgrid growth

08 August 2019

The US microgrid industry may find opportunities for substantial future growth in geographical areas that are repeatedly affected by power outages, as customers seek out resilient solutions, new research from Wood Mackenzie found.

News Release

Decarbonising US power grid 'may cost US$4.5 trillion'

27 June 2019

The transition to a 100% renewable US power grid will need investment of up to US$4.5 trillion over the next 10 to 20 years, new analysis from Wood Mackenzie found.

News Release

Major policy changes in China to drive long-term solar installation growth

14 May 2019

The solar market in China could see long-term benefits from major government policy changes that move the country away from federal feed-in tariffs and embrace unsubsidised business models.

News Release

Exploration’s back in the black

04 February 2019

After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.

News Release

Is deepwater ready for cost inflation?

27 November 2018

In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following a sustained cost reduction through the downturn. However this hard work is in danger of being undone, as impending cyclical cost inflation could raise break-even costs once again.

News Release

Global wind turbine order intake breaks record in Q2

12 September 2022

Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.

News Release

Trade and supply chain barriers delay impact of historic clean energy law

13 December 2022

The U.S. added 4.6 gigawatts (GW) of new solar capacity in Q3 2022, a 17% decrease from the same quarter last year as trade barriers and ongoing supply chain constraints continue to slow America’s clean energy progress. These disruptions will cause a 23% decline in solar installations this year compared to 2021, according to the U.S. Solar Market Insight Q4 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.

News Release

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

23 February 2023

The total global announced capacity for hydrogen projects reached 71.4 million tonnes per annum (Mtpa), but 2022 falls short of becoming a record year according to latest analysis from Wood Mackenzie.

News Release

US energy storage market continues to expand rapidly

15 March 2023

Across all segments of the industry, the U.S. energy storage market installed 4.8 gigawatts (GW) of capacity in 2022, nearly equal to the combined 2020 and 2021 installed capacity of 5 GW, becoming a record year for battery storage. This is according to ACP and Wood Mackenzie’s latest U.S. Energy Storage Monitor report released today.

News Release

Global wind energy to top 1 TW threshold by the end of 2023

11 April 2023

The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie.

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Search results: 224

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

World heading for a 3°C warming trajectory, as political headwinds slow the energy transition

US energy storage market breaks installation record in Q4 2023

Cenovus-MEG Merger Continues Oil Sands Consolidation Trend

Record highs for global wind turbine order intake in 2023

Dominican Republic launches first licensing round

Golden Pass crests second wave of US LNG

US microgrid market develops at rapid pace, with capacity reaching 10 GW in 2022

Global energy storage set to triple in 2021

Half of traditional super basins are future-fit and they have three things in common

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

Global energy storage capacity to grow at CAGR of 31% to 2030

Oil price rout: which supply is most at risk of shut-in?

Key energy takeaways from Canada’s 2025 election

US solar industry to add 502 GWdc of capacity in next 10 years

Solar growth trajectory remains uncertain as federal legislation stalls

US storage market continues to grow in Q2 2021

Record number of microgrids installed in US last year

Project delays and cancellations to dampen US microgrid growth through 2021

Anchor's aweigh as Chevron gives nod to US Gulf of Mexico development

Resilience to drive US microgrid growth

Decarbonising US power grid 'may cost US$4.5 trillion'

Major policy changes in China to drive long-term solar installation growth

Exploration’s back in the black

Is deepwater ready for cost inflation?

Global wind turbine order intake breaks record in Q2

Trade and supply chain barriers delay impact of historic clean energy law

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

US energy storage market continues to expand rapidly

Global wind energy to top 1 TW threshold by the end of 2023