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July 15, 2021

Energy storage tenders down 20% in Q2 2021

By Amit Sharma

Energy storage tenders in Q2 2021 saw 57 tenders announced, marking a drop of 20% over the last four-quarter average of 71, according to GlobalData’s power industry tenders database.

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

  1. Project Implementation: 26 tenders and a 45.6% share
  2. Supply & Erection: 24 tenders and a 42.1% share
  3. Power Purchase Agreement: six tenders and a 10.5% share
  4. Others: one tender and a 1.8% share.

North America leads energy storage activity in Q2 2021

Comparing tenders activity in energy storage segment in different regions of the globe, North America held the top position with 30 tenders and a share of 52.6% during Q2 2021, followed by Asia-Pacific with 12 tenders and a 21.1% share and Middle East and Africa with nine tenders and a 15.8% share.

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Solar is leading technology for energy storage tenders in Q2 2021

Among the technologies, solar accounted for 28 tenders with a 57.1% share, followed by wind with seven tenders and a 14.3% share and hydro with six tenders and a 12.2% share.

Energy storage tenders in Q2 2021: Top issuers by capacity

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

  1. Dominion Energy (United States): 1,100MW from one tender
  2. Ministry of Environment and Energy and PNM (United States): 700MW from one tender
  3. Southwestern Electric Power Company (SWEPCO) (United States): 300MW capacity from one tender.

All publicly-announced tenders 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 tenders are available for subscribers to GlobalData’s Power database.

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