Scana company awarded frame agreement with a Swedish energy company for the delivery of Battery Energy Storage Systems.

PSW Power & Automation has signed a frame agreement with a Swedish energy company for the delivery of Battery Energy Storage Systems (BESS). The agreement relates to design, delivery, installation, commissioning, adjustment, and handover of BESS in accordance with the framework description.

The framework agreement will commence in Q4 2024 and extend for a period of 2 years, with the possibility of three additional 2-year extension options.

The framework agreement does not entail any delivery obligations but specifies a maximum delivery volume classified as a large-scale agreement (3).

“The ongoing energy transition will require a large scaleup of Battery Energy Storage Systems going forward. This frame agreement represents a great opportunity and potential for the company and confirms our position and establishment in the Swedish market,” 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.