View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
July 26, 2021

Energy storage contracts down 29% in Q2 2021

By Amit Sharma

Energy storage contracts in Q2 2021 saw 45 contracts announced, marking a drop of 29% over the last four-quarter average of 63, according to GlobalData’s power industry contracts database.

  • 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: 23 contracts and a 51.1% share
  2. Supply & Erection: 11 contracts and a 24.4% share
  3. Power Purchase Agreement: six contracts and a 13.3% share
  4. Consulting & Similar Services: four contracts and an 8.9% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 2.2% share.

North America leads energy storage activity in Q2 2021

Comparing contracts activity in energy storage segment in different regions of the globe, North America held the top position with 13 contracts and a share of 28.9% during Q2 2021, followed by Middle East and Africa with 12 contracts and a 26.7% share and Asia-Pacific with nine contracts and a 20% share.

  • 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 2021

Among the technologies, solar accounted for 28 contracts with an 87.5% share, followed by wind with three contracts and a 9.4% share and thermal with one contract and a 3.1% share.

Energy storage contracts in Q2 2021: Top issuers by capacity

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

  1. PNM (United States): 300MW from one contract
  2. Department of Mineral Resources and Energy (South Africa): 150MW from three contracts
  3. SMC Global Power Holdings (Philippines): 100MW capacity from one contract.

Energy storage contracts in Q2 2021: Top winners by capacity

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

  1. Centaurus Renewable Energy (United States): 300MW from one contract
  2. H1 Holdings (South Africa) and Scatec (Norway): 150MW from three contracts
  3. Power Construction Corporation of China (China) and Wartsila (Finland): 100MW 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology