PSW Power & Automation Secures Up to $37.9 Million Framework Deal for 240 MVA Battery Storage at Norwegian AI Data Center

Scana ASA subsidiary PSW Power & Automation AS has signed a framework agreement with a Norwegian operator of AI/HPC data centers covering a 240 MVA / 250 MWh battery energy storage system.

The Oslo Børs announcement, released on 4 November 2026, places the company in the role of system integrator for the complete BESS solution.

Financial Scale and Expected Order Flow

Although the agreement carries no binding volume commitments, Scana estimates total revenue from anticipated orders at between USD 27.1 million and USD 37.9 million.

This places the deal in the company's highest disclosed contract category: under Scana's classification system, a very large contract is one exceeding USD 27.1 million.

For comparison, the company defines a sizeable contract as USD 2.7 million to USD 8.1 million, a substantial contract as USD 8.1 million to USD 16.3 million, and a large contract as USD 16.3 million to USD 27.1 million. Work is set to begin immediately, with deliveries scheduled to start in the first quarter of 2027.

Company Behind the Agreement

PSW Power & Automation specializes in electrification and renewable energy solutions, with expertise spanning the design and integration of electrical power systems, electrical infrastructure, energy storage systems, and control systems.

The company is owned by Scana ASA, an industrial owner of technology and services serving the energy and offshore industries.

Scana, headquartered in Bergen with approximately 500 employees, traces its industrial roots back to the early 1900s and describes itself as a leader in technology and innovation.

Strategic Significance

The agreement is being positioned by the companies as strategically important, reflecting the rapid expansion of the AI data center market and the power infrastructure it requires.

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

Regulatory Framework of the Announcement

The disclosure was classified as inside information under the EU Market Abuse Regulation and is subject to the disclosure obligations of Section 5-12 of the Norwegian Securities Trading Act.

The stock exchange notice was published by Stian Vikebø, General Counsel at Scana ASA, on 4 November 2026.