PR89481

LONDON, HOUSTON, and SINGAPORE, May12, 2021/PRNewswire=KYODO JBN/--

- Lens(R) decision intelligence platform pinpoints strategic investment

opportunities in utility-scale renewable generation

At a time when countries and organisations around the world pledge greener

economies and net-zero ambitions, the electrification of the global energy

system is accelerating at an unprecedented pace. Wood Mackenzie - a leading

provider of commercial intelligence for the world's natural resources sector -

is developing Lens Power(R), a completely new capability for the market which

will enable asset-specific valuations at the touch of a button.

With its analytics-ready power and renewables data, Lens Power(R) will empower

organisations to maximize investment opportunities in clean energy and be on

the forefront of the energy transition.

Today, Wood Mackenzie welcomes Vestas – a leader in sustainable energy

solutions – as a Development Partner for the Lens decision intelligence

platform. Vestas joins a growing list of companies across utility, financial,

manufacturing, and oil and gas industries partnering with Wood Mackenzie on

this future offering.

Wood Mackenzie's Lens(R) platform has helped organisations across the globe

transform how they manage their investment in upstream oil and gas. Now,

scaling across the natural resources value chain, Wood Mackenzie is

collaborating with early adopter clients to design a power solution that

provides a holistic understanding of what's happening in the world of energy,

allowing organisations to quickly and confidently digest vast amounts of power

data in an integrated, easy-to-use platform.

Ian Roberts, Wood Mackenzie Chief Digital and Product Officer, said: "At Wood

Mackenzie, our customer-centric approach to product design is at the heart of

what we do. We strive to develop solutions that match our clients' workflows,

so they can make confident, data-driven decisions. We are delighted to partner

with Vestas, the world's leading wind OEM* and a company with over 40 years of

expertise in wind turbine technology. We are excited about the insight into

decision making they will bring as leaders in sustainable energy solutions

which we can apply to Lens Power."

Nick Fridberg, Senior Director of Global Intelligence & Corporate Strategy at

Vestas commented: "An important part of our job is to discover and process

market information and turn it into actionable insights that enable

stakeholders across our organisation to make better and faster decisions. We

welcome the opportunity to work together so we can strengthen our ability to

support Vestas' strategy execution and development. Being able to influence the

design and concept of Lens Power and gain early access to new, innovative tools

in the market will help us sharpen our competitive edge and achieve our vision

to become the global leader in sustainable energy solutions."

Wood Mackenzie serves clients across many industries looking to adapt to a

low-carbon future. Powering the energy transition is a technology-based switch

from fossil fuels to renewables, supported by an almost ubiquitous societal

push towards a sustainable future. Ben Kellison, Director of Energy Transition

Research for Wood Mackenzie said, "There is a massive, ongoing electrification

of the global energy system; where electricity is less than 20% of the energy

mix today, it will more than double over the coming decades, with renewables at

the forefront of this growth."

EDITOR'S NOTES

*According to Wood Mackenzie's Global wind turbine OEMs 2020 market shares

[https://www.woodmac.com/news/opinion/global-wind-turbine-market-state-of-play/]

report, Vestas tops the global ranking.

About Wood Mackenzie Lens(R)

Wood Mackenzie's Lens(R) platform is the industry standard in critical

decision-support, harnessing the power of big data to provide answers to

complex questions, enabling customers to manage their operations, processes,

and capital swiftly and efficiently, wherever they are. Stay informed of Lens

Power solutions at http://go.woodmac.com/lens-power.

About Wood Mackenzie

Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial

intelligence for the world's natural resources sector. We empower clients to

make better strategic decisions, providing objective analysis and advice on

assets, companies and markets. For more information, visit: www.woodmac.com or

follow us on Twitter @WoodMackenzie [https://twitter.com/WoodMackenzie].

WOOD MACKENZIE is a trademark of Wood Mackenzie Limited and is the subject of

trademark registrations and/or applications in the European Community, the USA

and other countries around the world.

About Vestas

Vestas is the energy industry's global partner on sustainable energy solutions.

We design, manufacture, install, and service onshore and offshore wind turbines

across the globe, and with more than 132 GW of wind turbines in 82 countries,

we have installed more wind power than anyone else. Through our

industry-leading smart data capabilities and unparalleled more than 117 GW of

wind turbines under service, we use data to interpret, forecast, and exploit

wind resources and deliver best-in-class wind power solutions. Together with

our customers, Vestas' more than 29,000 employees are bringing the world

sustainable energy solutions to power a bright future.

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Source: Wood Mackenzie