Wood Mackenzie it had acquired Roskill,聽a privately-owned company and leader in metals and materials supply chain intelligence, boosting the consultancy鈥檚 expertise in energy transition.
Neal Anderson, President of Wood Mackenzie, said the business combination added market-leading analysis, data and insight on battery raw materials metals, to its current offer. He did not disclose the value of the deal.
鈥淐ombining Roskill鈥檚 capabilities with Wood Mackenzie reinforces our ability to provide comprehensive, integrated analysis across the energy, and metals and mining value chain,鈥� Anderson said.聽
Roskill, which describes itself as a 鈥渓eader in critical materials supply chain intelligence鈥�, was founded in 1930 and is headquartered in London.
鈥淐ombining Roskill鈥檚 capabilities with Wood Mackenzie reinforces our ability to provide comprehensive, integrated analysis across the energy, and metals and mining value chain鈥�
Neal Anderson, President of Wood Mackenzie
Scotland-based Wood Mackenzie believes that capital spending on clean energy projects will need to rise to $1 trillion a year, compared to their current levels of $150 billion in 2020, if the world is to reach its net-zero emission targets by 2050.
The consultancy has said such hefty annual investment in key energy transition metals, namely nickel, lithium, cobalt, copper and graphite will have to be sustained over the next 15 years to meet the growing demands of decarbonization.
鈥淚ntegrated, in-depth analysis of the value chain for these metals and materials is crucial to understanding the transition,鈥� Valerie Purvis, who will be assuming the role of Global Head of Metals & Mining, including Roskill, .
Wood Mackenzie鈥檚 move follows a similar announcement by BMO Capital Markets, which has launched a dedicated Energy Transition Group to support clients in pursuit of opportunities driven by the shift in production and consumption of energy.
Low-carbon technologies typically require more critical minerals than their fossil fuel counterparts. An electric vehicle, for instance, requires six times the amount of critical minerals as an internal聽combustion聽engine (ICE) car, according to The International Energy Agency.