Energy storage contracts down 34% in Q3 2019

17 November 2019 (Last Updated November 20th, 2019 08:49)

Energy storage contracts down 34% in Q3 2019
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Energy storage contracts in Q3 2019 saw 23 contracts announced, marking a drop of 34% over the last four-quarter average of 35, according to GlobalData’s power industry contracts database.

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The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Supply & Erection: 11 contracts and a 47.8% share
  2. Power Purchase Agreement: five contracts and a 21.7% share
  3. Project Implementation: four contracts and a 17.4% share
  4. Consulting & Similar Services: two contracts and an 8.7% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 4.3% share.

North America leads energy storage activity in Q3 2019

Comparing contracts activity in energy storage segment in different regions of the globe, North America held the top position with 12 contracts and a share of 52.2% during Q3 2019, followed by Asia-Pacific with four contracts and a 17.4% share and Europe with four contracts and a 17.4% share.

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Solar is leading technology for energy storage contracts in Q3 2019

Among the technologies, solar accounted for 13 contracts with a 72.2% share, followed by wind with three contracts and a 16.7% share and thermal with two contracts and an 11.1% share.

Energy storage contracts in Q3 2019: Top companies by capacity

The top issuers of energy storage contracts for the quarter in terms of power capacity involved were:

  1. City of San Jose (United States): 110MW from one contract
  2. New York Power Authority (United States): 20MW from one contract
  3. East Bay Community Energy (United States): 7.5MW capacity from two contracts.

Energy storage contracts in Q3 2019: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved were:

  1. EDP Renewables North America (United States): 110MW from one contract
  2. O’Connell Electric (United States): 20MW from one contract
  3. esVolta (United States): 7MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.