01 Nov 2024 11:30 CET

Issuer

Scana ASA

Bergen, 1 November 2024: Scana-owned PSW Power & Automation has signed a
contract with Trollhättan Energi to deliver three Battery Energy Storage Systems
(BESS) with a total capacity of 11.3MWh, installed on 3 different locations in
Sweden. The solution will be used for the Nordic balancing market and the new
upcoming local flexibility markets for energy storage. The company has also
secured a 5-year maintenance contract of the systems.

"We have secured several contracts during 2023/24 with well-established energy
companies in Sweden. It’s part of our strategy to build a robust customer base
within the Energy Storage segment going forward, and this contract with
Trollhättan Energi is therefore of great importance”, says Eirik Sørensen,
Managing Director of PSW Power & Automation.

PSW Power & Automation currently has a project portfolio exceeding 85MWh within
Battery Storage Systems, demonstrating a significant role in the Nordic energy
transition.

This is a sizeable (1) contract for the company. The project will start
immediately, and delivery will take place in Q3-2025.


(1) A sizeable contract is defined to be between NOK 20 million and NOK 50
million.
(2) A substantial contract is between NOK 50 million and NOK 150 million.
(3) A large contract is over NOK 150 million.


For more information, please contact:
Pål Selvik, CEO, Scana ASA, +47 970 46 502
Eirik Sørensen, Managing Director, PSW Power & Automation, +47 936 78 233


PSW Power & Automation in brief
PSW Power & Automation delivers complete solutions within electrification and
renewable energy. The company specializes in the design and integration of
electrical power systems, electrical infrastructure, energy storage systems and
control systems. www.pswpower.no

Scana in brief
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no


Source

Scana ASA

Provider

Oslo Børs Newspoint

Company Name

SCANA

ISIN

NO0003053308

Symbol

SCANA

Market

Oslo Børs