Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Scana ASA ( (DE:1MP) ) just unveiled an announcement.
Scana-owned PSW Power & Automation has signed a sizeable contract, valued between NOK 25 million and NOK 75 million, to deliver a Megawatt Charging System at the first of two planned locations, with project execution starting immediately and delivery scheduled for the first quarter of 2027. The deal underscores Scana’s strategic push into large-scale electrification and high-capacity charging solutions for the energy and offshore sectors, while the company signals that details on the second location will follow, potentially adding further volume and visibility to its growing renewable and power infrastructure portfolio.
More about Scana ASA
Scana ASA is an industrial owner of technology and services for the energy and offshore industries, leveraging a history dating back to the early 1900s. Through subsidiaries such as PSW Power & Automation, the group focuses on electrification, renewable energy, and integrated electrical power, infrastructure, energy storage, and control systems, employing around 500 people from its headquarters in Bergen.
Average Trading Volume: 581,109
Current Market Cap: NOK642.9M
See more insights into 1MP stock on TipRanks’ Stock Analysis page.