PSW Power & Automation AS, a company owned by Scana ASA, 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.

The announcement was published on the Oslo Børs on 4 November 2026. The agreement, which positions PSW Power & Automation as the system integrator for the complete BESS solution, is described by the company as being of significant strategic importance in the growing market for AI data centers and associated power systems.

Revenue Estimates and Contract Classification

The framework agreement contains no binding volume commitments. However, total revenue from expected orders is estimated to be between USD 27.1 million and USD 37.9 million.

Under Scana's contract classification system, a very large contract is defined as one exceeding USD 27.1 million, placing this agreement in the highest disclosed category.

For reference, the company defines a sizeable contract as between USD 2.7 million and USD 8.1 million, a substantial contract as between USD 8.1 million and USD 16.3 million, and a large contract as between USD 16.3 million and USD 27.1 million.

Work under the agreement is expected to commence immediately, with deliveries expected from Q1 2027.

Strategic Focus on Data Centers

Baste Tveito, Chief Executive Officer of Scana ASA, commented on the agreement in the announcement. "The contract is an important milestone in our strategic focus on deliveries for data centers, a market experiencing very strong growth," he said.

Scana describes itself as 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, the company states it has evolved to become a leader in technology and innovation. Scana is headquartered in Bergen and has around 500 employees.

About PSW Power & Automation

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.

Regulatory Disclosure

The information in the announcement 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.

The stock exchange announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 4 November 2026 at 13:09 CET.

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