Energy storage contracts in January 2022 saw 24 contracts announced, marking a rise of 4% over the last 12-month average of 23, according to GlobalData’s power industry contracts database.

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

  1. Power Purchase Agreement: 11 contracts and a 45.8% share
  2. Supply & Erection: nine contracts and a 37.5% share
  3. Consulting & Similar Services: two contracts and an 8.3% share
  4. Project Implementation: two contracts and an 8.3% share.

North America leads energy storage activity in January 2022

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 50% during January 2022, followed by Asia-Pacific with five contracts and a 20.8% share and Europe with four contracts and a 16.7% share.

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Solar is leading technology for energy storage contracts in January 2022

Among the technologies, solar accounted for five contracts with a 71.4% share, followed by wind with one contract and a 14.3% share and nuclear with one contract and a 14.3% share.

Energy storage contracts in January 2022: Top companies by capacity

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

  1. Pacific Gas and Electric (United States): 1,323.7MW from eight contracts
  2. BKW (Switzerland): 10.3MW from one contract.

Energy storage contracts in January 2022: Top winners by capacity

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

  1. Vistra Energy (United States): 350MW from one contract
  2. Terra-Gen (United States): 349MW from three contracts
  3. Arevon Energy (United States): 300MW 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.