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WoodMac on Green Hydrogen: It’s Going To Happen Faster Than Anyone Expects

Public and private commitments are catalyzing green hydrogen through its early development. Green hydrogen is expected to fall down the cost curve even faster than wind, solar and lithium-ion. The question is will the demand be in place? Green hydrogen is set to play a substantive role in the overall energy mix with its development […]

German steel giant Thyssenkrupp plans 500MW green hydrogen plant

Macquarie, Siemens units create US distributed energy joint venture

Electricity generation is forecast to increasingly move away from traditional structures involving large fossil fuel-burning power plants, towards localized systems using renewable energy and battery storage, known as distributed energy NEW YORK: Units of Macquarie Group and Siemens AG are forming a venture named Calibrant Energy, that will invest in the emerging energy-as-a-service (EaaS) sector […]

Biden Injects Hope In Renewable Energy Supporters

WoodMac: Energy Sector Faces ‘Darwinian Challenge’ to Tame Climate Change

The world is on course for 2.8 to 3 degrees Celsius of warming as existing infrastructure weighs heavy and COVID-19 slows progress. The world is on course to sail past the recognized “safe” level of 2 degrees Celsius of warming to as much as 3 degrees Celsius, according to the latest Wood Mackenzie Energy Transition […]

India on track to achieving climate goals: PM

Asia Pacific renewables could attract US$1tn of investments this decade – WoodMac

  Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s total power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives. That is according to a new Wood Mackenzie report, which reveals the share of wind and […]

Japan’s Ichigo starts up 7.39-MW wind farm

WoodMac: A New Battery Chemistry Will Lead the Stationary Energy Storage Market by 2030

Lithium-iron-phosphate batteries will rapidly rise in popularity as the market begins differentiating between EVs and stationary storage. Lithium-iron-phosphate (LFP) will become increasingly popular for stationary energy storage applications, overtaking lithium-manganese-cobalt-oxide (NMC) within a decade, Wood Mackenzie forecast in a new report. As demand from electric vehicles and the stationary storage market both skyrocket in this decade, evolving performance priorities […]

Salt-based energy storage trial taps “first-class” Australian technology

WoodMac: 54,000 Electric Trucks on US Roads by 2025

That’s a 27-fold increase over today’s fleet, and the expansion of charging infrastructure will be nearly as dramatic. There were just over 2,000 electric trucks on U.S. roads at the end of 2019. This stock is expected to grow to over 54,000 by 2025, according to a new analysis from Wood Mackenzie. Compared to passenger […]

Volkswagen core brand to accelerate electric vehicle shift

WoodMac: Large-Scale Solar Holds Cost Edge Despite ITC Stepdown, Coronavirus Impacts

Corporate demand and state mandates are driving utility solar installations, but voluntary procurements based on pure economics continue to dominate. Voluntary procurement of utility solar remains the top driver of U.S. utility PV in development, according to Wood Mackenzie. WoodMac defines voluntary procurement as procurement based solely on the economic competitiveness of renewables against other […]

India on track to achieving climate goals: PM

WoodMac: Solar and Storage Prices Falling Faster Than Expected Due to COVID-19

Weakness in the global markets for solar modules and batteries is pushing down U.S. system costs more rapidly than forecast. The fallout from the coronavirus pandemic and the looming threat of recession are expected to drive down pricing for front-of-the-meter solar and storage systems even faster than expected. Project construction delays and tightening consumer spending […]

India on track to achieving climate goals: PM

US Solar Plants Now Expected to Run for More Than 30 Years: Berkeley Lab

Cheaper modules brought solar plants into the energy mainstream. Longer operating lives are making them better investments. Big solar plants are getting cheaper to run and expectations for their useful operational lives keep getting longer, according to a new survey of U.S. solar industry professionals. By the end of 2019, a cumulative total of 76 […]

Biden Injects Hope In Renewable Energy Supporters

WoodMac: Global Solar Market Set to Resume Growth in 2021 as Coronavirus Impact Fades

After a pause in 2020, the global solar market looks set to chart new heights each year in the 2021-2025 period. The global solar market is expected to stay nearly flat between 2019 and 2020 as a result of the coronavirus pandemic and its economic impacts, according to Wood Mackenzie. But a significant increase in demand is now […]

India on track to achieving climate goals: PM