Energy storage contracts in Q2 2020 saw 47 contracts announced, marking a rise of 42% over the last four-quarter average of 33, according to GlobalData’s power industry contracts database.

Go deeper with GlobalData

Data 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. Power Purchase Agreement: 18 contracts and a 38.3% share
  2. Project Implementation: 14 contracts and a 29.8% share
  3. Supply & Erection: 14 contracts and a 29.8% share
  4. Consulting & Similar Services: one contract and a 2.1% share.

North America leads energy storage activity in Q2 2020

Comparing contracts activity in energy storage segment in different regions of the globe, North America held the top position with 31 contracts and a share of 66% during Q2 2020, followed by Asia-Pacific with six contracts and a 12.8% share and Europe with five contracts and a 10.6% 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 Q2 2020

Among the technologies, solar accounted for 24 contracts with an 80% share, followed by wind with four contracts and a 13.3% share and biopower with one contract and a 3.3% share.

Energy storage contracts in Q2 2020: Top issuers by capacity

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

  1. Southern California Edison (United States): 870MW from eight contracts
  2. Solar Energy Corporation of India (India): 400MW from one contract
  3. Monterey Bay Community Power (United States): 195MW capacity from two contracts.

Energy storage contracts in Q2 2020: Top winners by capacity

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

  1. NextEra Energy Resources L (United States): 585MW from five contracts
  2. Renew Solar Power Pvt (India): 400MW from one contract
  3. 8minute Solar Energy L (United States): 200MW capacity from two contracts.

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.