Scana ASA (DE:1MP) has released an update.
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Scana’s subsidiary, PSW Power & Automation, has secured a valuable contract to deliver a 3.5 MWh battery storage system to a Nordic project, aiming to stabilize the grid and control solar production, with delivery expected in Q2-2025. The deal falls within NOK 20 to 150 million and highlights the growing importance of battery storage in integrating renewable energy into power grids.
For further insights into DE:1MP stock, check out TipRanks’ Stock Analysis page.