Wood Mackenzie

Solar and also wind power stand for a US$ 1 trillion financial investment possibility in Asia Pacific this years, equivalent to two-thirds of the area's total power generation industry, as countries move far from fossil fuel generation in favour of greener choices.

A report today from Wood Mackenzie claims eco-friendly hydrogen prices will fall by approximately 64% by 2040. Those numbers are broadly in accordance with what lots of various other experts have been predicting, though numerous have predicted competition as very early as 2030.

In markets like Germany, green hydrogen manufacturing costs will certainly equal fossil-fuel-based hydrogen by 2030, brand-new research study shows.

pv magazine consulted with Catherine Von Burg, CEO of the Californian battery company, to go over why she believes lithium-iron-phosphate is the chemistry of the future.

A report from Wood Mackenzie forecasts lithium-iron-phosphate will certainly surpass lithium-manganese-cobalt-oxide as the dominant fixed power storage chemistry within the years.

Experts at Wood Mackenzie have looked at plans for the incoming years as well as wrapped up that concerning 119 production sites will be up and running by 2030. China presently sits firmly in the driving seat, with Asia Pacific making up 80% of international production ability, however Europe is catching up.

New research from Wood Mackenzie reveals that total system costs for setups making use of mono PERC modules are readied to fall by as much as 20% by 2025.

The U.S. solar market installed 3.6 gigawatts (GW) of brand-new solar photovoltaic (PV) ability in Q1 2020, representing its biggest first quarter ever before in the United States.

Energy storage systems look set to triumph over various other adaptability suppliers, as solar and wind generation continues to skyrocket.

The background for the United States property market has actually swiftly soured after California-headquartered SunPower Corp warned of reduced anticipated company and also succeeding hit to its annual report estimates for 2020.

Wood Mackenzie has actually reduced its 2020 storage space overview to 430 MW-- still a rise of greater than 100% over 2019-- in the middle of problems over the function of sales, appointing as well as affiliation within of shelter-in-place regulations

Delays and cancellation to connecting projects to the grid are likely to make the Unites States microgrid market to constrict by 17 percent.

Consolidation is coming to Spain’s red-hot solar market, but in a post-subsidy world the landing will be relatively soft.

According to new research from Wood Mackenzie, non-residential storage system costs will fall by 27% in the United States over the next five years. The fall in system costs will help drive a more-than-tenfold growth in the U.S. non-residential storage market by 2024. Commercial and industrial customers with predictable, peaky loads are increasingly turning to storage to help manage demand charges.

Analyst WoodMac has spelled out the urgent need to decarbonize the global hydrogen production industry. While the fuel can offer a sustainable grid balancing act for intermittent renewables, in its current fossil-fuel driven form it is pumping out more than 800 tons of carbon into the atmosphere every year.