North America energy storage contracts activity up 57% in Q1 2020

1 May 2020 (Last Updated May 1st, 2020 15:41)

North America energy storage contracts activity up 57% in Q1 2020

There were 22 energy storage contracts announced in the North America region in Q1 2020, marking a rise of 57% over the last 12-month average of 14, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the North America region in Q1 2020 with 62 contracts and a 26.8% share, followed by Electricity Procurement with 46 contracts and a 19.9% share and T&D Equipment with 43 contracts and an 18.6% share during the quarter.

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

  1. Supply & Erection: 15 contracts and a 68.2% share
  2. Project Implementation: seven contracts and a 31.8% share.

Solar is top technology for North America energy storage contracts in Q1 2020

Looking at energy storage contracts by the type of technology in the North America region, solar accounted for six contracts with an 85.7% share, followed by thermal with one contract and a 14.3% share.

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North America energy storage contracts in Q1 2020: Top companies by capacity

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

  1. New York State Energy Research & Development Authority (United States): 470MW from two contracts
  2. Tennessee Valley Authority (United States): 200MW from one contract
  3. State Compensation Insurance Fund: 11MW capacity from one contract.

North America energy storage contracts in Q1 2020: Top winners by capacity

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

  1. ConnectGen L (United States): 270MW from one contract
  2. NextEra Energy Resources L (United States) and Origis Energy USA (United States): 200MW from one contract
  3. ENGIE North America (United States): 11MW 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.