There were 20 energy storage contracts announced in the North America region in Q2 2022, marking a drop of 29% over the last four-quarter average of 28, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the North America region in Q2 2022 with 40 contracts and a 28.6% share, followed by Electricity Procurement with 35 contracts and a 25% share and Generation Equipment with 27 contracts and a 19.3% share during the quarter.

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

  1. Supply & Erection: eight contracts and a 40% share
  2. Power Purchase Agreement: five contracts and a 25% share
  3. Project Implementation: five contracts and a 25% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 5% share
  5. Consulting & Similar Services: one contract and a 5% share.

Solar is top technology for North America energy storage contracts in Q2 2022

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Looking at energy storage contracts by the type of technology in the North America region, solar accounted for 14 contracts with an 87.5% share, followed by thermal with two contracts and a 12.5% share.

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North America energy storage contracts in Q2 2022: Top companies by capacity

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

  1. Amazon.com (United States): 450MW from one contract
  2. Hawaiian Electric (United States): 59.6MW from two contracts
  3. Convergent Energy and Power (United States): 15MW capacity from one contract.

North America energy storage contracts in Q2 2022: Top winners by capacity

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

  1. The AES (United States): 450MW from one contract
  2. Ameresco (United States) and Bright Canyon Energy (United States): 42MW from one contract
  3. Onyx Development Group (United States): 17.6MW 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.