Energy storage contracts in Q4 2021 saw 63 contracts announced, marking a drop of 6% over the last four-quarter average of 67, 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. Project Implementation: 27 contracts and a 42.9% share
  2. Supply & Erection: 20 contracts and a 31.7% share
  3. Power Purchase Agreement: 11 contracts and a 17.5% share
  4. Consulting & Similar Services: three contracts and a 4.8% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 3.2% share.

North America leads energy storage activity in Q4 2021

Comparing contracts activity in energy storage segment in different regions of the globe, North America held the top position with 25 contracts and a share of 39.7% during Q4 2021, followed by Asia-Pacific with 18 contracts and a 28.6% share and Europe with nine contracts and a 14.3% share.

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Solar is leading technology for energy storage contracts in Q4 2021

Among the technologies, solar accounted for 36 contracts with a 76.6% share, followed by wind with eight contracts and a 17% share and thermal with three contracts and a 6.4% share.

Energy storage contracts in Q4 2021: Top companies by capacity

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

  1. Copenhagen Infrastructure Partners KS (Denmark): 10,000MW from one contract
  2. Ministry of Energy of the Republic of Kazakhstan (Kazakhstan) and Weyerhaeuser (United States): 1,000MW from one contract
  3. Southern California Edison (United States): 537.5MW capacity from one contract.

Energy storage contracts in Q4 2021: Top winners by capacity

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

  1. Boskalis (Netherlands), Acciona (Spain), DEME Group (Belgium) and MT Hojgaard Holding (Denmark): 10,000MW from one contract
  2. Total Eren (France) and Apex Clean Energy Holdings (United States): 1,000MW from one contract
  3. Ameresco (United States): 537.5MW 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.