Bergen, 19 February 2024: Scana-owned PSW Power & Automation has signed a
substantial contract for the delivery of a series of E-house modules. The
project includes design, assembly and testing at PSW factory before shipment to
customer location. The delivery will be part of an emergency power system for
several data center terminals. 

The contract consists of one fixed element and one variable element based on
time and materials which gives an estimated contract value of substantial (2)
size. The project will start immediately, and delivery will take place from
Q3-2024 to Q4-2024.

"During the last decade we have built an extensive competence and capacity for
the design and assembly of module-based energy systems. Our factory at Ågotnes
and Mongstad facilitates large scale production capacities, custom made for
assembly and testing of such systems," says Eirik Sørensen, Managing Director at
PSW Power & Automation.
 
"The contract demonstrates the position we have established in the market," says
Pål Selvik, CEO in Scana.


(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 around 500 employees. www.scana.no