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The latest update is out from Scana ASA ( (DE:1MP) ).
Scana’s subsidiary PSW Power & Automation has won a tender to deliver Megawatt Charging Systems at two locations, with the customer stating its intention to award the contract once necessary public permits and licenses are secured and the agreement is signed, expected in the first quarter of 2026. Classified as a contract of material value, estimated between NOK 75 million and NOK 150 million, the deal underscores PSW’s growing role in large-scale electrification infrastructure and supports Scana’s strategic positioning in renewable energy and high-capacity charging solutions, with work set to commence immediately after contract signing.
More about Scana ASA
Scana ASA is an active industrial owner of technology and services for the energy and offshore industries, with roots dating back to the early 1900s. Headquartered in Bergen and employing around 500 people, Scana focuses on technology-driven innovation and value creation, while its subsidiary PSW Power & Automation specializes in complete electrification and renewable energy solutions, including design and integration of electrical power systems, infrastructure, energy storage, and control systems.
YTD Price Performance: -1.55%
Average Trading Volume: 531,710
Current Market Cap: NOK646.6M
Learn more about 1MP stock on TipRanks’ Stock Analysis page.