Scana Strengthens Energy Market Presence in Saudi Arabia
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Scana Strengthens Energy Market Presence in Saudi Arabia

Scana ASA (DE:1MP) has released an update.

Scana’s subsidiary, PSW Power & Automation, has secured a contract to deliver a 5MW/5.6MWh battery storage solution in Saudi Arabia, aimed at providing backup power and including an energy management system for power optimization. With the project commencing immediately and set for delivery in Q4 2024, the deal reinforces Scana’s market presence in the region and highlights its global capabilities in delivering complex energy systems.

For further insights into DE:1MP stock, check out TipRanks’ Stock Analysis page.

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