Oct 23, 2020

North and South American power industry tenders jump in Q3

Utilities
Power
US
Scott Birch
4 min
US power industry tenders up by 63% while South and Central America see 190% increase
US power industry tenders up by 63% while South and Central America see 190% increase...

The North American power industry saw its tender activity in Q3 2020 markedly increase with 726 tenders announced – a rise of 63 percent over the last four quarter average of 445, according to GlobalData’s power database.

A report released by the data and analytics firm shows that the US leads activity in the North American power industry in Q3, with 623 tenders and a share of 85.8 percent of the market, up by 1.8 percent over the previous quarter, and up by 75 percent when compared with the last four-quarter average. 

Canada came in second, with 103 tenders and a market share of 14.2 percent, it adds.

When looking at the last four-quarter average, the US holds top spot with 357 tenders, followed by Canada with 86, and Mexico with just a single tender.

Looking at the tenders divided by type of technology, thermal accounted for the largest proportion of tenders with 306, and an 82.7 percent share, followed by solar with 51 tenders and a 13.8 percent share. Wind had seven tenders, and a 1.9 percent share.

The report adds that when the power industry tenders are divided by segment, as tracked by GlobalData, T&D Equipment was the most popular segment in North America power tenders activity during Q3 2020, with 318 tenders. It is followed by Generation Equipment (307) and Power Plant (44).

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

  • Supply & Erection: 516 tenders and a 71.1 percent share
  • Repair, Maintenance, Upgrade & Others: 139 tenders and a 19.1 percent share
  • Project Implementation: 53 tenders and a 7.3 percent share
  • Power Purchase Agreement: eight tenders and a 1.1 percent share
  • Consulting & Similar Services: eight tenders and a 1.1 percent share
  • Electricity Supply: two tenders and a 0.3 percent share.

The report also lists the top issuers by capacity for power tenders in Q3 2020:

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

  • PacifiCorp (United States): 4,300MW from one tender
  • New York State Energy Research & Development Authority (United States): 4,000MW from one tender
  • New Jersey Board of Public Utilities (United States): 2,400MW capacity from one tender.

Meanwhile, in South and Central America, power industry tenders activity during the same time period saw 87 tenders announced – a 190 percent rise over the last four-quarter average of 30, GlobalData says.

Looking at tenders by activity, Bolivia leads activity in Q3 with 41 tenders and a share of 47.1 percent, up 18.9 percent over the previous quarter and up 720 percent when compared with the last four-quarter average. Trinidad and Tobago followed with 14 tenders and a share of 16.1 percent. Uruguay, with seven tenders and an 8 percent market share during the quarter, rounded out the top three slots.

For the last four-quarter average, Bolivia held the top spot with five tenders, followed by Brazil with five and Uruguay with five tenders.

In contrast to North America, solar accounts for the largest proportion of tenders with 11 and a 47.8 percent share, followed by thermal with five tenders and a 21.7 percent share. Wind accounts for four tenders and a 17.4 percent share.

Looking at power industry tenders divided by segment as tracked by GlobalData, T&D Equipment was the most popular segment in South and Central America power tenders activity during Q3 2020, with 39 tenders, followed by T&D Project (28) and Power Plant (9).

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

  • Supply & Erection: 44 tenders and a 50.6% share
  • Project Implementation: 28 tenders and a 32.2% share
  • Repair, Maintenance, Upgrade & Others: seven tenders and an 8% share
  • Power Purchase Agreement: five tenders and a 5.7% share
  • Consulting & Similar Services: three tenders and a 3.4% share.

The top issuers of tenders for the quarter in terms of power capacity involved in South and Central America were:

  • Government of Jamaica (Jamaica): 500MW from one tender
  • Government of Haiti (Haiti): 190MW from one tender
  • Minister of Energy and Non-Renewable Natural Resources: 60MW capacity from one tender

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Apr 16, 2021

Hydrostor receives $4m funding for A-CAES facility in Canada

energystorage
Canada
Netzero
Dominic Ellis
2 min
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction...

Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.

The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction. 

The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.

The project has support from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada.

Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.

The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”

A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth. 

Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."

The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.

Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019. 

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