Wood Mackenzie

The latest edition of our LinkedIn newsletter is now live! 💡 This week you've been talking about: - A tale of a looming surplus in the lithium industry: sticky supply to stay? - The LNG Majors' strategies in five key charts - Artificial intelligence and the future of energy - Electric vehicle and battery supply chain: how a risked EV adoption puts 5 million sales at risk Get the latest below 👇

Connect with us at RE+ 2024! Learn how our solutions can support your business needs from our team of analysts across power, solar, and storage this year in Anaheim, CA from September 9-12. Check out our expert line up and register your interest using the link below 👇 https://okt.to/iMhC3Z

We are joined by Jenny Ahlen, Managing Director at the We Mean Business Coalition. Jenny directs the strategy, coordination, and execution of their #NetZero programs and campaigns; these include a focus on improving the way scope 3 #emissions are approached. They discuss why the need for new, alternative approaches to reporting is crucial to accelerating the energy transition. Scope 3 is about global climate impacts and getting companies engaged to catalyse the system transformations needed.  What does this need to look like to incentivise that type of action at scale? And how do we create an ecosystem to reward those participating and making meaningful progress? Listen now. https://okt.to/sN7wP4

Day 3 at at #ONS2024 ticked off. Greg Roddick took to the stand for our first digest of the day. He covered Norway’s recent project #pipeline, showing the Norwegian Continental Shelf continues to compete with the world’s biggest basins. Søren Lassen followed with a presentation on the new status quo of #OffshoreWind where costs are increasing while revenues remain subdued. Søren argued that to change the new status policymakers must revisit revenue assumptions as costs will stay elevated in the 2020s. The team are off to the Newsman Bar at 5pm for the Wood Mackenzie ONS drinks reception. Come down and meet the team!🥂

Petrochemicals are in every day items from clothing and tyres to digital devices and detergents. With growing global populations and rising income levels, demand for #petrochemicals is projected to increase. Therefore petrochemical feedstock demand is projected to increase also, with it rising by almost 50% by 2050. Find out more in our report: https://okt.to/79gcEB

We expect healthy growth in demand for #onshorewind and #offshorewind generation over the next ten years, providing a firm foundation for #windturbine manufacturers to build on across the board. But how are market dynamics evolving and who will be the biggest winners? In our latest article, we explore the challenges and risks facing OEMs today: https://okt.to/UPxotO

The #biomethane/#RNG industry has been increasingly attracting investments. Consumers see it as a drop-in fuel and part of their integrated net zero solutions. Producers are looking to benefit from multiple potential value sources, and governments are counting on biomethane to help reduce emissions in hard-to-decarbonise sectors while building a circular economy. The appeal of biomethane is clear – yet the industry still struggles to scale up. Issues like high costs, regulatory uncertainty and feedstock availability continue to challenge uptake. So what can be learned from success stories and how much can biomethane scale up? Join our experts and submit your questions ahead of the #webinar: https://okt.to/bTjVqf Rosaline Hulse Kateryna Filippenko 🇺🇦 Dulles Wang Javier Toro

It’s day 3 at #ONS2024 Yesterday we saw Daniel Rogers sharing his insight on how emissions stack up across the Norwegian oil and gas value chain, where the molecules end up and how Norwegian supply compares to other imports into Europe. Then in the afternoon, Lucy King (Senior Research Analyst, CCUS) shared her analysis on Norway’s potential as Europe’s CO2 storage destination of choice for emitters. Today, we have another great line-up of Daily Digest presentations at our stand (Hall 2, Booth 2110). Greg Roddick (Principal Analyst, Upstream), Søren Lassen (Head of Offshore Wind Research) and Lucy King will be tackling the big questions: ⏰10:30am: Norway project activity and benchmarking, where will the next wave of projects come from? ⏰2:30pm: Offshore Wind – when will the new status quo change? ⏰3:30pm: European CCS hub economic: who has the best approach? Don’t worry if you miss any of our presentations, our experts would be more than happy to give you a run-through of the key points from their presentation. Just come along to our stand and say hi! #wind #ccus #ccs

Join our European #power and #energystorage experts in our upcoming webinar on Thursday 26 September at 10am BST, as they share their latest insights on the evolving dynamics of markets, the critical role of energy storage in serving the growing need for flexibility, and our new analysis of ancillary market opportunities. For more details and to register for the webinar, visit: https://okt.to/QNBxH8

Here's your weekly short-term Japan #power insight💡: It's the first time in the past two years that the Chugoku-Kyushu line reversed transmission direction was seen after the 1.4GW Reihoku power plant in Kyushu shut down on 25 August. Kyushu Electric Power’s 1,400MW Reihoku coal-fired No.2-unit experienced boiler issue due to hot weather and went under maintenance since 21 August, bringing down 700MW of availability. The unit is expected to return on 21 November. A further outage happened to No.1-unit on 25 August, bringing the total generation down to 100MW. The unit returned on 26 August. Kyushu reduced exports to Chugoku during the day on 25 August, then reversed to import from Chugoku on the same day. It was the first time in the past two years that Kyushu was seen on the importing side. Meanwhile, other major power plants in Kyushu were generating at stable levels, including the 2.36GW Genkai nuclear power plant running at capacity and Matsuura coal-fired power plant operating over 2.5GW during peak time and major gas-fired power plant Shin Oita over 2GW. The impact of Reihoku’s output reduction will not last long since the 890MW Sendai No.1 nuclear unit will come back on 29 August, making up for the drop in Kyushu’s generation. Find out how our short-term analytics can help you here: https://okt.to/ylkQHf