SCANA: Scana company secures green financing facility for energy storage solutions.

Bergen, 30 September 2024: Scana-owned PSW Power & Automation AS has secured a
green financing facility of NOK 32 million to fund energy storage solutions with
DNB according to Sustainable Product Framework (dnb.no)

The facility is planned to convert to a 5-year term loan upon delivery of the
systems to end customers.

"Rolling out and financing energy storage systems is paramount to make the power
grid more robust. Green financing emphasizes the sustainability of PSW Power &
Automation's business model," 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 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