Bergen, 2 August 2024: Scana-owned PSW Power & Automation has signed a contract
with an energy company in Sweden, for the supply of a Battery Energy Storage
Solution (BESS) project in Sweden. 

The solution includes transformers, inverters and battery storage with a total
capacity of 2MW/2.2MWh. The heart of the system is the unique energy control
system that provides market leading dynamic regulation of grid, battery and
solar. In addition to providing power and energy control the system will be used
for Frequency Containment Reserves (FCR) and Fast Frequency Reserve (FFR).

Sweden anticipates more than doubling its electricity consumption over the next
twenty-five years and has set ambitious targets to achieve net-zero emissions by
2045. The energy system will be designed to store surplus energy and release it
as needed, thereby maintaining a stable and energy-efficient power grid across
the region.
This is a sizeable (1) contract for the company. The project will start
immediately, and delivery will take place in Q2-2025.

"This delivery represents a significant milestone for our Energy Control
platform that will combine renewable energy production with grid balancing
services", says Eirik Sørensen, Managing Director of PSW Power & Automation.

(1) A sizeable contract is defined to be between NOK 20 million and NOK 50
million.
(2) A substantial contract is between NOK 50 million and NOK 150 million. 
(3) A large contract is over NOK 150 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 a listed industrial owner company in the ocean industries creating
value through active ownership in market-leading portfolio companies. Scana is
headquartered in Bergen and has above 500 employees. www.scana.no