Wood Mackenzie Power & Renewables

Our teams have been getting a wave of inquiries about the President-elect’s plan for a 25% tariff on imports from Canada and Mexico, plus extra tariffs on goods from China. How should utilities companies reassess their project budgets and risk management plans for 2025 to account for possible tariffs in the US? Read our latest insight to learn more: https://okt.to/fRGxcE

The world is moving towards a gradual energy transition, with oil and gas demand projected to be 5% higher than previously estimated. This increase represents the need for additional resources comparable to the entire US Permian basin for oil and another Australia for gas. The upstream sector faces a challenge, as meeting this demand requires significant investment. Join this month's Horizons Live webinar for an in-depth discussion of these insights.

Another special edition of our LinkedIn newsletter is now live! ☀️🔌 This week we're sharing our third batch of predictions for 2025, including: - Gas and #LNG: APAC, North America, global - Metals and #mining: battery raw materials, base metals, bulks and more - #Solar energy PLUS access our full suite of 2025 predictions so far, and meet the new host for our Interchange Recharged podcast! Get the latest insights and analysis below, and keep an eye out on future editions for more predictions by sector 👇

As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil & gas supply. Can the upstream sector rise to this challenge – and what are the implications for investment, costs and prices? Find out in this month’s #WMHorizons: https://okt.to/pxZuRG

On Tuesday, Tiantian Zhao, Hydrogen & Derivatives Consultant at Wood Mackenzie, spoke at a private symposium hosted by the Hydrogen Energy Industry Chain Global Development Alliance. Tiantian addressed the opportunities and challenges faced by Chinese #hydrogen companies as they venture into international markets. She also highlighted the necessity of pinpointing accessible markets and securing reliable projects for successful global expansion. With China currently holding about 60% of the world's electrolyser manufacturing capacity, it is poised to maintain this lead by establishing most of the new capacity in the coming years. This impressive manufacturing capability allows for significant reductions in project costs, attracting interest from European developers while raising concerns for European OEMs. Discover more insights in our report, where we delve into China's electrolyser market and its potential to transform hydrogen production by lowering costs. Read more here: https://okt.to/tCxo6m

Here's your weekly Japan short-term #power insight : Western Japan power prices spiked to 27.4JPY/kWh on January 9th 17:00 with an 8JPY/kWh price spread versus Eastern Japan. Transmission lines were frequently at full capacity from January 7th to the 10th, with Tokyo exporting over 1.5GW to Chubu when power prices in Western Japan surpassed the East Kansai experienced colder than normal winter weather with temperatures, with Osaka hitting 0°C and Kyoto reaching as low as -4°C from 9 to 10 January. Southern regions such as Kyushu also experienced below zero temperatures, and increasing heating demand and driving power prices up across Western Japan. As industrial load returned in the second week of January after New Year holidays alongside increased heating demand, our PowerRT EMF monitoring system has observed thermal units and hydro plants increasing output to balance the market. Marginal generation technologies like oil and gas increased by 137% and 55% respectively over the week We´re able to bring you these insights thanks to our #Japan Power Solutions - explore the data and workflows now: https://okt.to/YH8IQU

New year, new energy! 🎧 The Interchange Recharged is back with exciting changes. Meet our new host, Sylvia Leyva Martinez from our Power & Renewables team. A huge thank you to David Banmiller for his incredible contributions over the years. Sylvia’s debut episode on 2025's clean energy outlook is out now. Listen and subscribe to see what's next. https://okt.to/XMVZrh

On April 24, Solar Energy Industries Association, Lightsource bp, NextEra Energy and EIP Storage will join us for a keynote session bringing together C-level leaders from US renewables developers to address these key topics and questions: 🔹Interconnection delays: is there an end in sight? Are there ways of jumping the queue? 🔹Land availability and siting: Permitting reform and overcoming red tape 🔹Combatting NIMBYism and misinformation 🔹Human capital and labour shortages: What are the technological solutions? Don't miss your chance to connect with leaders and peers from across the industry in Denver, CO on April 23-24. Save $500 on your ticket when you book before February 14. https://okt.to/3zCStG

Are you attending E-world energy & water 2025? We'll see you there! 💡🔌 Meet Wood Mackenzie's long-term and short-term #power experts at #EWorld25 from 11-13 February 2025 in Essen, Germany. Find us at stand 2A126 in Hall 2, to dive into the opportunities and challenges facing the power industry. Book a meeting now: https://okt.to/J6LMZn

The energy analyst’s view on what’s ahead in 2025 🎧 Rising electricity demand, inflation-driven costs and political pressures are shaping the year ahead. What does this mean for the future of renewables? Sylvia Leyva Martinez sits down with Chris Seiple and Jonathan Sultoon to look at: - How solar is leading the charge in carbon-free power, despite global slowdowns - Challenges from inflation, rising demand and political pressures - What’s next in utility tariffs and energy tech advancements Listen now and subscribe to The Interchange Recharged on Apple Podcasts or Spotify. https://okt.to/adwLOT