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Wood mackenzie
Wind Turbine
Global Wind Turbine Order Intake Breaks Record in Q2
Strong activity in China pushed global wind turbine order intake to a new record of 43GW in quarter two of 2022 and up 36% from year-ago levels. This equates to…
China
China, US to Account for 75% of Global Energy Storage Demand
Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031.
LNG
Wood Mackenzie and Ball Corporation Introduce New Tool That Tracks Global LNG Liquefaction Train Statuses in Near Real-Time
Wood Mackenzie, Inc. a Verisk business, and Ball Corporation today announced the launch of Global LNG Liquefaction Monitoring – the first product arising from …
Hydrogen Project
Low Carbon Hydrogen Demand Likely to Grow Over 600MT in 2050: Report
The demand for low carbon hydrogen will likely go over 600 megatonnes (Mt) in 2050 from only under 1Mt at present, Wood Mackenzie reported.
Energy Transition
Demand for Low-Carbon Hydrogen in Refining Could Reach 50 Mtpa by 2050
Lower costs and high carbon prices are needed to make cleaner energy source competitive, says Wood Mackenzie
EU
Soaring Solar Raw Materials Prices Could Thwart REPowerEU Plans
The REPowerEU initiative has the potential to add at least 420 gigawatts (GW) of solar installations by 2030; however, rising solar raw material costs could bec…
Thermal Plant
Ammonia Use in Thermal Power Plants Could Be Worth $100BN in 2050, Wood Mackenzie Says
Demand for the compound could spike 50 per cent in the next three decades as the world seeks to transition to cleaner forms of energy.
Hydrogen Project
Global Low-Carbon Hydrogen Market 'Needs $600 Billion of Investment by 2050'
An investment of about $600 billion in low-carbon hydrogen will be required by 2050 to meet rising demand as the world focuses on cutting emissions to limit glo…
Solar Power Panel
Tesla Falls From Top of US Residential Solar Installer Rankings
In Wood Mackenzie’s solar installer Leaderboard, Freedom Forever overtakes Tesla in the top three spot for the first time.
Joe Biden
Solar Costs Jumped in 2021, Reversing Years of Falling Prices
Solar costs rose in 2021 partly because of supply chain constraints, according to a report released Thursday by the Solar Energy Industries Association and Wood…
Coal Price
Coal Prices Spike as Russia-Ukraine Crisis Escalates
The Russia-Ukraine crisis has shocked the coal and the broader energy markets, with spikes in Newcastle prices observed in recent days, says Wood Mackenzie, a V…
Electrification
China’s Economic Growth to Cool Power Demand Growth
China’s power demand growth could be dampened by the moderate economic growth in the country, Wood Mackenzie reported.
Offshore Wind Power
WoodMac Remains Bullish on Offshore Wind Growth Potential
Equinor's expected 4% to 8% internal rate of return on offshore wind projects in developed markets is reasonable, given strong competition and relatively few pr…
Net Zero Emission
Carbon Removal Key to Reaching Paris Agreement Climate Goals, Wood Mackenzie Says
Fossil fuels will continue to account for 37% of the primary global energy demand in 2050 even if the net-zero goals are achieved
Wind Power Project
Global Wind Power Installations Hit Record Levels In 2020
China’s National Energy Administration reported 72 GW of installed capacity in 2020, which alone would have qualified as the most capacity added globally in a …
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