The North American wind energy market is aging. The majority of installed wind-turbine equipment averages more than five years in age, and operations and maintenance (O&M) expenses cost the industry $3 billion to $4 billion annually, according to a new benchmarking study by IHS Markit, a global provider of critical information, analytics, and solutions. IHS Markit…
IHS ranks the top 10 transformative technologies: #4 power storage
It is generally accepted that technology has the capability to change the world: from the Gutenberg printing press to the steam engine to the microchip. But how can we determine which technologies are likely to have the greatest potential to transform the future of the human race? What is the process to distinguish between the…
Forecast: Motive battery revenue up over 50% from 2013 to 2017 with EV market
Editor’s note: If electric vehicles (EVs) recharge at night, this report is a positive forecast for wind power. The global market for motive batteries used to power electric vehicles (EV) and other conveyances is set to rise to $47 billion in 2017, up more than 50% from $31 billion in 2013, according a new…
U.S. wind power looks ahead: 2011 to 2025
After growing steadily since 2005 at a compound annual growth rate of 32%, the U.S. wind market experienced its first drop in annual additions, declining 50% in 2010. This according to a study by consulting firm IHS EER. The drop reflects fewer power opportunities—a result of low natural-gas prices, transmission bottlenecks in key wind markets,…
Study Shows Brazil & Latin America to Reach 46GW of Wind Power by 2025
Led by Brazil, Latin America is expected to reach 46 GW of total installed wind capacity by 2025 with a 12.6% compound annual growth rate of yearly installations, according to a new market study, Latin America Wind Power Markets and Strategies: 2010-2025, from IHS. Brazil will lead the region with 31.6 GW installed by 2025,…