Scana company awarded frame agreement for the delivery of emergency power modules to datacenters

Scana-owned PSW Power & Automation AS has signed a frame agreement with a Norwegian company specializing in power generation technology to multiple industry sectors. The frame agreement relates to design, delivery, installation and testing of emergency power modules for datacenter terminals in accordance with the framework description.

The framework agreement will commence in Q4 2024 and extend for a period of 3 years.

The framework agreement does not entail any delivery obligations but based on historical revenues related to the client and an expected pipeline over time, it has an expected volume classified as a “very large contract” (4) related to the frame agreement.

“This frame agreement is a result of a long-term customer relationship and excellent project cooperation during the past two years. The frame agreement provides a robust foundation for our future business, and we are looking forward to start delivering projects under this agreement” says Eirik Sørensen, Managing Director in PSW Power & Automation AS.

(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.