Scana company secures green financing facility for energy storage solutions.

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.