Energy storage contracts down 11% in Q4 2019

19 February 2020 (Last Updated February 19th, 2020 06:06)

Energy storage contracts down 11% in Q4 2019
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Energy storage contracts in Q4 2019 saw 31 contracts announced, marking a drop of 11% 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: 17 contracts and a 54.8% share
  2. Project Implementation: ten contracts and a 32.3% share
  3. Power Purchase Agreement: four contracts and a 12.9% share.

North America leads energy storage activity in Q4 2019

Comparing contracts activity in energy storage segment in different regions of the globe, North America held the top position with ten contracts and a share of 32.3% during Q4 2019, followed by Europe with nine contracts and a 29% share and Asia-Pacific with seven contracts and a 22.6% share.

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Solar is leading technology for energy storage contracts in Q4 2019

Among the technologies, solar accounted for 13 contracts with a 76.5% share, followed by thermal with two contracts and an 11.8% share and wind with two contracts and an 11.8% share.

Energy storage contracts in Q4 2019: Top companies by capacity

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

  1. AGL Energy (Australia): 200MW from one contract
  2. Gresham House Strategic (United Kingdom): 150MW from one contract
  3. Guam Power Authority (United States) and El Paso Electric (United States): 50MW capacity from one contract.

Energy storage contracts in Q4 2019: Top winners by capacity

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

  1. Maoneng Group (Australia): 200MW from one contract
  2. Metka EGN (United Kingdom): 150MW from one contract
  3. Orsted (Denmark) and Electro Power Systems (France): 50MW 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.