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How can the industry improve battery and storage fire safety? - part 1
Exploring fire risk mitigation in the face of lithium-ion challenges. Battery and energy storage-related fires are still relatively rare, but when they do occur, they are challenging to manage due to the high energy density of lithium-ion b
Innovative financing is needed to mobilise clean energy capital in developing countries. What could it look like?
Less than 1% of clean energy investments goes to developing countries. Guarantees and partnerships could increase this. The global energy transition effort is all about ‘the new’. New technology, new financing models, new ways of looking at
Is the industry taking the wrong approach to Scope 3 emissions reporting?
How can we reimagine Scope 3 in order to make faster progress? The intention of the original framing of Scope 1, 2 & 3 emissions reporting was to support business understanding of their broader impact on the climate, so they would take resp
Green hydrogen may be less clean than we think
The Environmental Defense Fund wants changes made to the way the industry analyses hydrogen emissions data. A recent study from the Environmental Defense Fund asserts the energy industry is miscalculating the true impacts of deploying hydro
Renewable propane is scaling up, but how far can we take it?
Over 50 million homes in the US use propane. Within a few years, anywhere from 100-300 million gallons of renewable propane are expected to be available for homes and the transport industry. By 2050, renewable propane could meet half the wo
To strengthen American competitiveness in energy, the DOE’s ARPA-E department is focusing on advanced nuclear
The Department of Energy’s ARPA-E (Advanced Research Projects Agency – Energy) is an agency tasked with the research and development of advanced energy technologies. Since 2009, they’ve provided nearly US$4 billion in funding for more than
Out with lithium and nickel, in with salt and bricks?
Demand for heating at industrial sites around the world is rising. How can demand be met sustainably? Think of energy storage, and what do you think of? Probably lithium and nickel. But what about salt, and bricks? One of the big challenges
Distributed energy storage is taking off
5x growth in five years: Convergent energy is overseeing $1 billion worth of energy storage development. Managing intermittent energy supply is a crucial part of the energy transition. When the wind doesn’t blow, or the sun doesn’t shine, w
The evolution of the solar industry in the US since 2021
The 2024 Solar and Energy Storage Summit has wrapped. What are the key takeaways? In the past three years there’s been a lot of advancement in solar deployment. We’ve seen technology develop and policy support increase. The key talking poin
Demand for solar power and energy storage is only going to increase. What’s the plan for meeting it?
Insight and analysis from the second day of the Solar & Energy Storage Summit 2024. Day 2 of the 2024 Solar and Energy Storage Summit and the conversation was still in full swing. We were there once again to capture all the debate and discu
Two years on from the IRA and the impact on solar and storage is clear
Insight and analysis from Day 1 of the Solar & Energy Storage Summit 2024 The 2024 Solar and Energy Storage Summit from Wood Mackenzie kicked off in San Francisco this week. We were there to capture all the debate and discussion on the futu
How to build and optimize the grid of the future
Increased energy demand is inevitable. How do make sure the grid can cope? We’ll likely need a grid twice the size it is today. And balancing supply and demand in the years ahead will require a smart approach. Transmission capacity is one o
Demand for batteries is skyrocketing - we need new ways of extracting lithium
Can innovative new lithium extraction methods prevent a supply chain crisis? New lithium extraction methods are essential to meet the rising demand driven by EVs and grid storage. Traditional methods are time-consuming, geographically limit
How banks and government are working together to achieve net zero in the UK
In the UK, the collaboration between banks and policymakers is crucial for accelerating the energy transition. The financial sector in the UK managed assets worth over 9 trillion UK pounds (11.3 trillion USD) as of 2020, with a considerable
What’s the energy transition going to cost?
Estimates for the cost of decarbonising could be inaccurate. What does that mean for investment and policy-making? About $1.2 trillion is invested annually in climate technology and infrastructure worldwide, with significant portions alloca
Can we rely on nuclear as a source of clean, reliable power?
SMRs: a new horizon in Nuclear Power. This week on The Interchange: Recharged, we are joined by Ted Nordhaus, Executive Director at the Breakthrough Institute, an environmental research centre in Berkley, California. They focus on finding t
$802 billion on the horizon: the current state of the EV market
New battery technology could get EV prices down and drive mass adoption In this week’s episode of Wood Mackenzie’s The Interchange Recharged, we look at the rapidly evolving landscape of EVs and the battery technology that powers them. Mark
A ground-breaking new method of sustainable aviation fuel production
A breakthrough way of producing hydrocarbons, crucial to the aviation industry, could reduce costs and accelerate decarbonisation. Sustainable aviation fuel (SAF) is a key component in the aviation industry's path to decarbonization, which
How to create the skilled workforce of 2030
Half of the energy workforce is employed in clean energy technologies. By 2030, over 10 million new jobs will need to be filled as the energy transition continues. China, for example, employs 3 million workers in clean energy manufacturing
Cutting the red tape around geothermal energy
Recent legislation in the US promises to be a boon for geothermal energy production. In January, the US House Energy and Commerce Committee passed a bipartisan bill that could have a big impact on the geothermal sector. Effectively putting
Transforming EV battery development through the power of AI
The traditional process of battery development is slow, expensive, and capital-intensive. AI can help overcome the challenges of predicting battery performance, exploring the vast design space, and conducting time-consuming cycle life testi
Checking in on the hydrogen sector
What’s the outlook for low-carbon hydrogen in 2024? Green hydrogen energy, by now well-regarded as a critical component in the energy transition, is still faced with significant challenges. It’s anticipated to significantly contribute to en
AI is transforming demand-side management
The impact of Artificial Intelligence in energy management. We're at a crossroads in the world of energy. The landscape is shifting with the increasing role of renewables, growing demand and the need for resilience against extreme weather.
Carbon capture technology leads the charge for a sustainable future
Bridging the gap and overcoming barriers in CCS expansion It's no secret that achieving net-zero emissions requires a significant reduction in the use of fossil fuels. As the world looks to alternative energy sources to combat climate chang
Textile recycling is helping create a circular economy
Tackling the global textile waste challenge. The fashion and textile industries are at a pivotal point, urgently needing to incorporate sustainable practices, particularly in textile recycling. With the industry's shift towards synthetic ma
What does the world need from COP28?
COP28 gets underway next week. 7 years on from the Paris Agreement, and a global stocktake of decarbonisation efforts lies ahead. Collective action is crucial, as is an exponential increase in these efforts; current policy is not enough to
Creating a circular economy through plastics recycling
Recycling plastic into feedstock is a crucial piece of the energy transition puzzle. We use a lot of plastic – 380 million tons of it is produced every year. Reducing the amount of fossil fuels used in its production, and minimizing waste g
How new climate modeling can shape the renewable energy landscape
New forecasts for weather patterns could help the solar and wind industries make better investment decisions in the long term. Climate trends are accelerating rapidly. Global temperatures hovered consistently at around 1.5 degrees above pre
The Interchange: Recharged - Live at Wood Mackenzie's CCUS Conference - Part 2
Carbon capture, utilization and storage is evolving rapidly from a niche market to a mainstream investment theme. To explore the technology, financing and science behind this key piece of the energy transition puzzle, industry leaders and a
Electricity 4.0: A Sustainable, Resilient, and Efficient Future [Sponsored Content]
We’re facing a triple crisis: energy security, deadline for decarbonization and a fragile global economy. We’re at a pivotal moment where sustainable commitments can become a reality, now that technology has aligned with intention. We’ve se
