Scana’s PSW Power & Automation Secures Major Energy Storage Contract

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

Scana’s subsidiary, PSW Power & Automation AS, has secured a contract to deliver an 11.3MWh Battery Energy Storage System (BESS) for the Nordic balancing market and local flexibility markets. This project, which will expand an existing system to a total of 22.6MWh, underscores Scana’s role in the Nordic energy transition and enhances its market position by providing increased battery capacity for flexibility and profitability. The contract is significant, valued between NOK 25 million and NOK 75 million, and will commence immediately with delivery expected in Q4-2025.

More about Scana ASA

Scana ASA is an industrial owner specializing in technology and services for the energy and offshore industries. With a history dating back to the early 1900s, Scana has positioned itself as a leader in technology and innovation, focusing on quality and value creation. Headquartered in Bergen, the company employs over 600 people.

YTD Price Performance: -32.44%

Average Trading Volume: 659,905

Current Market Cap: NOK896M

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