Renewable energy investments results in new division
After more than a half trillion dollars of investments in renewable energy globally over the last two years, Wood Mackenzie has formally introduces its new division, Wood Mackenzie Power & Renewables.
“Over the last two years, we’ve invested heavily to integrate our datasets, our technology platforms, and most importantly, our teams,” said Mark Brinin, executive vice president of Wood Mackenzie. “We’ve brought together our research, advisory, news and events businesses to provide all manner of information and networks to our clients and to have a voice across the whole industry – hundreds of thousands of people who are engaged in this energy transformation, from consumers adopting innovative technologies, to the companies providing critical advancements and investments in these markets.”
The new division will provide research and consulting on the transformation of the global power landscape, consisting of a 115-strong team based in 15 countries made up of the former solar, energy storage, and grid edge experts from GTM Research, the wind consultants and analysts from MAKE and the global power team from Wood Mackenzie.
The Wood Mackenzie Power & Renewables team joins 500 Wood Mackenzie analysts and consultants spanning oil, gas, LNG, metals, mining, chemicals and corporate analysis.
According to the company press release, Wood Mackenzie Power & Renewables enables clients to make strategic decisions and forge the path toward a decarbonized and decentralized electricity market. The division delivers reports, data and advisory services on the global energy value chain, covering everything from long-term power forecasts, to new business models at the grid edge, to component pricing for solar systems, to the most recent project data and vendor activity.