Bergen, 13 December 2024: Scana-owned PSW Power & Automation AS has signed a
frame agreement with a Norwegian company specializing in power generation
technology to multiple industry sectors. The frame agreement relates to design,
delivery, installation and testing of emergency power modules for datacenter
terminals in accordance with the framework description. 

The framework agreement will commence in Q4 2024 and extend for a period of 3
years.

The framework agreement does not entail any delivery obligations but based on
historical revenues related to the client and an expected pipeline over time, it
has an expected volume classified as a "very large contract" (4) related to the
frame agreement.

"This frame agreement is a result of a long-term customer relationship and
excellent project cooperation during the past two years. The frame agreement
provides a robust foundation for our future business, and we are looking forward
to start delivering projects under this agreement" says Eirik Sørensen, Managing
Director in PSW Power & Automation AS.


(1) A sizeable contract is defined to be between NOK 25 million and NOK 75
million.
(2) A substantial contract is between NOK 75 million and NOK 150 million. 
(3) A large contract is between NOK 150 million and NOK 250 million. 
(4) A very large contract is over NOK 250 million.


For more information, please contact:
Pål Selvik, CEO, Scana ASA, +47 970 46 502
Eirik Sørensen, Managing Director, PSW Power & Automation, +47 936 78 233

PSW Power & Automation in brief
PSW Power & Automation delivers complete solutions within electrification and
renewable energy. The company specializes in the design and integration of
electrical power systems, electrical infrastructure, energy storage systems and
control systems. www.pswpower.no

Scana in brief
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no