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Energy storage contracts down 34 per cent in Q3 2019

Published: 28 November 2019 - Carly Wills

Energy storage contracts in Q3 2019 saw 23 contracts announced, marking a drop of 34 per cent over the last four-quarter average of 35, according to GlobalData’s power industry contracts database.

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

  1. Supply and erection: 11 contracts and a 47.8 per cent share
  2. Power purchase agreement: five contracts and a 21.7 per cent share
  3. Project implementation: four contracts and a 17.4 per cent share
  4. Consulting and similar services: two contracts and an 8.7 per cent share
  5. Repair, maintenance, upgrade and others: one contract and a 4.3 per cent share

Comparing contracts activity in energy storage segment in different regions of the globe, North America held the top position with 12 contracts and a share of 52.2 per cent during Q3 2019, followed by Asia-Pacific with four contracts and a 17.4 per cent share and Europe with four contracts and a 17.4 per cent share.

Among the technologies, solar accounted for 13 contracts with a 72.2 per cent share, followed by wind with three contracts and a 16.7 per cent share and thermal with two contracts and an 11.1 per cent share.

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

  1. City of San Jose (United States): 110MW from one contract
  2. New York Power Authority (United States): 20MW from one contract
  3. East Bay Community Energy (United States): 7.5MW capacity from two contracts

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

  1. EDP Renewables North America (United States): 110MW from one contract
  2. O’Connell Electric (United States): 20MW from one contract
  3. esVolta (United States): 7MW capacity from one contract


 
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