Energy storage contracts in Q3 2022 saw 26 contracts announced, marking a drop of 65% over the last four-quarter average of 74, according to GlobalData’s power industry contracts database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

  1. Project Implementation: 17 contracts and a 65.4% share
  2. Consulting & Similar Services: four contracts and a 15.4% share
  3. Power Purchase Agreement: four contracts and a 15.4% share
  4. Supply & Erection: one contract and a 3.8% share.

Asia-Pacific leads energy storage activity in Q3 2022

Comparing contracts activity in energy storage segment in different regions of the globe, Asia-Pacific held the top position with 21 contracts and a share of 80.8% during Q3 2022, followed by Middle East and Africa with two contracts and a 7.7% share and North America with two contracts and a 7.7% share.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is leading technology for energy storage contracts in Q3 2022

See Also:

Among the technologies, solar accounted for 21 contracts with an 87.5% share, followed by wind with three contracts and a 12.5% share.

Energy storage contracts in Q3 2022: Top companies by capacity

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

  1. Government of Nigeria (Nigeria): 961MW from one contract
  2. State Grid Energy Hefeng Coal and Electricity: 300MW from one contract
  3. China General Nuclear Power (China): 200MW capacity from one contract.

Energy storage contracts in Q3 2022: Top winners by capacity

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

  1. China Energy Engineering (China): 1,757.99MW from seven contracts
  2. Sterling and Wilson Solar Solutions (United States): 961MW from one contract
  3. China Energy Construction Group (China): 200MW 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.