Scana ASA: Scana company enters into framework agreement for battery energy storage system for AI data center
2026-11-04 13:09:32
Bergen, 4 November 2026: Scana-owned PSW Power & Automation AS has entered into
a framework agreement with a Norwegian data center operator in the AI/HPC sector
for the delivery of a 240 MVA / 250 MWh battery energy storage system.
PSW Power & Automation will act as the system integrator for the complete BESS
solution. The agreement is of significant strategic importance to the company in
the growing market for AI data centers and associated power systems.
The framework agreement contains no binding volume commitments, but total
revenue from expected orders is estimated to be between NOK 250 million and NOK
350 million, corresponding to a very large contract (4) for the company. Work
under the agreement is expected to commence immediately, with deliveries
expected from Q1 2027.
"The contract is an important milestone in our strategic focus on deliveries for
datacenters, a market experiencing very strong growth," says Baste Tveito, CEO
of Scana ASA.
(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.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 4
November 2026 at 13:09 CEST.
For more information, please contact:
Baste Tveito, CEO, Scana ASA, +47 916 69 641
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 around 500 employees.
www.scana.no
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
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