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Global PV inverter shipments grew by 10% to 589 gigawatts alternating current (GWac) in 2024. Asia Pacific, led by China, accounted for nearly all global growth, while the US and Europe declined.
Now in its third year, Wood Mackenzie's Carbon Capture, Utilization and Storage Conference 2025 will bring together expert analysts and industry leaders in Houston, October 8-9.
Tesla retained its top spot for the second year-in-a-row as lead producer in the battery energy storage system (BESS) integrator market with a 15% market share in 2024, according to Wood Mackenzie’s Global battery energy storage system integrator ranking 2025 report.
Japan's data centres will consume as much electricity as 15 million to 18 million households by 2034, driving 60% of the country's total power demand growth as hyperscalers invest US$28 billion (4 trillion yen) following the government's selection of Oracle, Google, and Microsoft as official cloud providers, according to new Wood Mackenzie analysis.
The virtual power plant (VPP) market grew rapidly over the last year, reaching 37.5 GW of behind-the-meter flexible capacity, according to a new report from Wood Mackenzie.
Wood Mackenzie, the global insight business for renewables, energy, and natural resources, today announced a strategic data partnership with Novi Labs, enhancing its Lens Lower 48 solution with the industry's most accurate well-level production data and advanced lease-to-well algorithms.
The UK could boost North Sea oil and gas production while remaining within the strictest international climate pathways, according to new Wood Mackenzie analysis. The research comes as the government mulls the basin's future following a consultation process.
The global power sector faces a stark divide in carbon capture economics, with Chinese developers claiming dramatic cost advantages whilst European utilities confront prohibitive expenses that render most projects uneconomic.
Global copper demand is set to surge 24% by 2035, rising by 8.2 million tonnes per annum (Mtpa) to 42.7 Mtpa, according to a new Horizons report from Wood Mackenzie, ‘High-wire act Is soaring copper demand an obstacle to future growth?’ Growth will be driven by traditional economic development al...
The adoption of the single "industry average" as presented in the revised Safeguard Mechanism Scheme, will see some clear winners and losers in the Australian mining sector.
Investments in battery storage within Australia's National Electricity Market (NEM) are increasingly profitability due to higher power price volatility and changing market dynamics.
About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie.
Risk of a cold winter, uncertainty around pipeline imports and low gas inventories have set the scene across Europe for another volatile year ahead, with the potential for gas prices to soar further and energy shortages to bite.
Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.
Asia Pacific’s levelised cost of electricity (LCOE) for renewable power broke historical trends and rose in 2021 but still gained ground against fossil fuel power says Wood Mackenzie.
Stemming the flow of plastics into the environment will need ‘more than a nip and tuck approach’ if the world is to reach peak plastic and meet the net zero challenge, says Wood Mackenzie.
Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BLL) announced today that they have formed a strategic agreement between the two organisations to accelerate the development of advanced analytics for energy markets.
Asia Pacific renewables (wind and solar) generation investments could double to US$1.3 trillion over the current decade to 2030 compared to the previous decade (2011 – 2020), says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
Low-carbon hydrogen could become a US$50 billion to US$90 billion export industry for Australia in 2050, says Wood Mackenzie.
In its rebound from the 2020 downturn, Brent flirted with US$70 per barrel. Higher prices in 2021 mean higher cash flow for producers, perhaps even record-setting highs. Have the good times returned? Global natural resources consultancy Wood Mackenzie believes operators need to be cautious.
China’s march towards carbon neutrality is forcing its aluminium smelters away from using captive coal-fired power, says Wood Mackenzie.
Granular subsurface data is key to understanding advantaged resources
114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to new research from Wood Mackenzie. This is the highest global annual installation total on record.
According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. This is an increase of 182% from Q3 2020, making Q4 the new record quarter for U.S. storage.
Electric vehicle (EV) sales are expected to reach 62 million units per year by 2050, with a total global EV stock of 700 million, according to new research from Wood Mackenzie.
All-in front-of-the-meter (FTM) battery storage system costs in Asia Pacific markets could decline by more than 30% by 2025, says Wood Mackenzie.
According to the U.S. Solar Market Insight Q4 2020 report, released today by Wood Mackenzie and the Solar Energy Industries Association (SEIA), solar accounts for 43% of all new electric generating capacity additions through Q3 2020, more than any other electricity source. The report projects a record 19 GW of new solar capacity installations in 2020, representing 43% year-over-year growth from 2019.
The top three wind turbine players - Vestas, SGRE and GE - will increase their combined global market share from 43% in 2019 to 60% by 2029, according to new research from Wood Mackenzie.
A world on a 2-degree pathway could significantly reduce upstream gas investments by 65% through to 2040, says Wood Mackenzie.
Wood Mackenzie’s 2020 Energy and Commodities Summit Asia Pacific edition kickstarted yesterday. Experts shared their views on how the energy sector is changing in light of the oil price crash, Covid-19 and the latest carbon-neutrality trends.
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