Oil and gas companies are making moves into the UK energy market.

Smart grid contracts in Q3 2021 saw 34 contracts announced, marking a drop of 39% over the last four-quarter average of 56, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 30 contracts and an 88.2% share
  2. Project Implementation: three contracts and an 8.8% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 2.9% share.

Europe leads smart grid activity in Q3 2021

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with ten contracts and a share of 29.4% during Q3 2021, followed by North America with nine contracts and a 26.5% share and Asia-Pacific with six contracts and a 17.6% share.

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Solar is leading technology for smart grid contracts in Q3 2021

Among the technologies, solar accounted for four contracts with a 57.1% share, followed by thermal with one contract and a 14.3% share and wind with one contract and a 14.3% share.

Smart grid contracts in Q3 2021: Top companies by capacity

The top issuer of smart grid contracts for the quarter in terms of power capacity involved was:Lulu Group International with 1MW from one contract.

Smart grid contracts in Q3 2021: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved was:SirajPower (United Arab Emirates) with 1MW 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.