The global oil & gas industry experienced an 11% drop in company filings mentions of energy storage in Q2 2023 compared with the previous quarter, with the highest share accounted for by Sempra Energy with 750% year-on-year increase, according to GlobalData’s analysis of over 104 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 Q2 2023, ranking highest in terms of mentions, ahead of internet of things and Covid-19, according to GlobalData.

Of the top leading companies in the oil & gas industry, Sempra Energy had the greatest increase in references for energy storage in Q2 2023, compared with the previous quarter. GlobalData identified 17 energy storage-related sentences in the company's filings - 0.9% of all sentences - and an increase of 750% in Q2 2023 compared with Q2 2022. Hong Kong and China Gas’s mentions of energy storage dropped by 39% to 11 and ENN Energy’s by 14% to 6 and Schlumberger’s by 100% to 6 and TotalEnergies’s by 75% to 5.

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 Q2 2023 was 111.

For further understanding of GlobalData's Energy Storage System (ESS) Market Size, Share, Trends, Analysis, and Segment Forecast to 2026 buy the report here.

This content was updated on 5 August 2023

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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.