The global oil & gas industry experienced a 9% drop in company filings mentions of energy storage in Q1 2023 compared with the previous quarter, with the highest share accounted for by Neste with 400% year-on-year increase, according to GlobalData’s analysis of over 99 oil & gas company filings. GlobalData’s Energy Storage System (ESS) Market Size, Share, Trends, Analysis, and Segment Forecast to 2026 report provides an outlook of the global ESS market, along with granular data on historical figures and forecasts of revenue opportunities from the technology, end-use, and regional segments. Buy the report here.
Notably, energy storage was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of edtech and autonomous vehicles, according to GlobalData.
Of the top leading companies in the oil & gas industry, Neste had the greatest increase in references for energy storage in Q1 2023, compared with the previous quarter. GlobalData identified 10 energy storage-related sentences in the company's filings - 0.1% of all sentences - and an increase of 100% in Q1 2023 compared with Q1 2022. Repsol’s mentions of energy storage rose by 400% to 10 and PTT Public’s by 100% to 8 and TC Energy’s by 100% to 6 and Hess’s by 100% to 4.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for energy storage in Q1 2023 was 100.
For further understanding of GlobalData's Energy Storage System (ESS) Market Size, Share, Trends, Analysis, and Segment Forecast to 2026 buy the report here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
