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WoodMac

Renewables helping China to halve power prices compared to Australia, Europe

Wood Mackenzie says in a new report that China could install 230 GW of PV and wind capacity and export more than 200 GW of solar panels in 2023. Unlike Europe and United States, the country is avoiding the high curtailment of PV and wind.

Global hydrogen pipeline plummets in Q4 2022

Wood Mackenzie says in a newly published report that new hydrogen capacity announcements fell year on year in 2022, while researchers claim that green hydrogen heating systems will probably not replace gas boilers in European homes.

What to expect from COP27: the horns of the energy trilemma

While not one of the big five-year-cycle COPs like Paris or Glasgow, COP27 is still hugely important, write Wood Mackenzie analysts. The fallout from the conflict in Ukraine has tilted the precarious balance of the energy trilemma – sustainability; affordability; security – towards the latter. But despite this temporary setback, some progress should still be possible.

Australia ranks 4th in ‘staggering’ global storage markets

Wood Mackenzie places Australia fourth on its list of the globe’s top 10 storage markets, coming in just behind Germany, with the US and China unsurprisingly topping the list. The analyst expects the world’s cumulative storage deployments to reach 500 GW by 2031, according to its Global Energy Storage Outlook released today.

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Analyst predicts extent of rise in this year’s solar capital costs

Wood Mackenzie this week made a slew of predictions for the industry in 2022 and noted the effects the US’ recently announced anti-circumvention investigation is already having on utility scale plans.

Battery supply could remain tight into next year

Analyst Wood Mackenzie has predicted soaring demand for electric vehicle devices will ensure supply will not keep pace with demand until some point in 2023.

Weekend read: Sodium-ion batteries go mainstream

Sodium-ion batteries are emerging as a viable alternative to lithium-ion technology. Industrial heavyweights CATL and Reliance Industries, following the acquisition of UK-based sodium-ion specialist Faradion, are bent on bringing the technology out of the lab and into mass production. Against a backdrop of soaring prices and predicted shortfalls of lithium-ion battery materials, sodium-ion chemistry has never been more tantalising.

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Sodium-ion batteries a commercial reality, claims CATL

The manufacturer has launched sodium-ion products online. Production has begun and will be easily scalable, according to the CATL chairman. Researchers have been keen to make the technology work as it offers a cheaper, more environmentally friendly alternative to lithium-ion products.

China to add 619 GW of solar this decade

Indonesia will catch the eye too over the next nine years, according to Wood Mackenzie analysts, as its market grows from 300 MW to 8.5 GW.

Asia Pacific to hit $1.7 trillion in renewable investments by 2030 but Australia’s to fall 60% before then: Woodmac

Investments in solar and wind in the Asia Pacific could double over the next decade compared to 2011 – 2020, hitting AU$1.7 trillion, according to new analysis by Wood Mackenzie.

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