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Wood Mackenzie

net-zero emissions

Factors hindering the US from achieving a net-zero power sector by 2035

Although Joe Biden has set a target to have a net-zero power sector by 2035, the country is likely to fail to achieve the goal.
battery energy storage

The US expands energy storage capacity deployment by 162%

The US market for energy storage has recorded a 162% increase during the second quarter of 2021 compared to the same period in 2020
Teollisuuden Voima battery storage in Finland

Global energy storage market trends through 2030

The Americas region is projected to take the lion's share of the global energy storage market by overtaking the Asia Pacific region by 2025.
renewables auction

Renewables auctions alone not enough for Europe to meet net-zero goals

Although renewables auctions are playing a key role in the expansion of Europe’s clean energy portfolio, they will not be enough to help the region meet its 2050 net-zero goals.
offshore wind

Operations and maintenance of offshore wind farms to generate $12bn per annum

The global offshore wind operations and maintenance (O&M) market will record a 16% growth per annum through 2029 - Wood Mackenzie.
carbon pricing

Massive increase in carbon pricing vital to accelerate climate action

Wood Mackenzie states that a massive increase in carbon pricing globally is vital to ensure climate action goals set under the Paris Agreement are met.
energy storage installations

New record quarter for US energy storage installations

The US has set a new record quarter for energy storage installations in the fourth quarter of 2020 by bringing up to 2,156MWh of new storage capacity.
floating offshore wind power

Asia Pacific governments increasingly looking to floating offshore wind power

A new study released by research firm Wood Mackenzie, states that floating offshore could be the next frontier in wind power development in Asia Pacific.
BMW group

Recommendations for BMW Group to meet 2030 carbon emissions reduction target

Automaker BMW Group aims to reduce supply chain greenhouse gas emissions per vehicle by 20% from 2019 levels by 2030.
wind energy

Five key ways Europe can move closer to 2030 climate target

A new report by Wood Mackenzie states that with the current energy transition policy and investment scenarios, Europe will not be able to meet its 2030 climate target.