Energy Storage Contracts Drops 34 Percent in Q3 2019: GlobalData Report

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

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

• Supply & Erection: 11 contracts and a 47.8 percent share
• Power Purchase Agreement: five contracts and a 21.7 percent share
• Project Implementation: four contracts and a 17.4 percent share
• Consulting & Similar Services: two contracts and an 8.7 percent share
• Repair, Maintenance, Upgrade & Others: one contract and a 4.3 percent share.

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

The report further added that among the technologies, solar accounted for 13 contracts with a 72.2 percent share, followed by wind with three contracts and a 16.7 percent share and thermal with two contracts and an 11.1 percent share.

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

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

And the top winners of contracts for the quarter in terms of power capacity involved were all based in the United States:

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