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Regulatory press release

SCANA: Scana company enters market for grid-scale battery storage in Sweden

Scana
Bergen, 7 July 2023: Scana-owned PSW Power & Automation has signed a sizeable
(1) contract for a battery storage system with Uddevalla Energi in Sweden. The
battery system will ensure that excess energy is stored and released when
needed, and thereby ensuring a stable and energy efficient power grid in the
region.

PSW Power has developed a battery storage system for grid applications - BQ-G
battery solution - which is suitable for large scale energy storage projects.
The delivery includes the design, commissioning, handover and maintenance of
switchgear, transformers, inverters, batteries, and an energy management system.
The 4MWh system will be used for - Primary reserve power (FCR) and Fast
Frequency Response (FFR).

Integration of renewable energy sources, such as wind and solar, into the grid
has increased dramatically in recent years.

"Our Grid-scale battery storage systems will play a crucial role in stabilizing
the electrical grid by balancing supply and demand, managing fluctuations in
renewable energy generation, and providing backup power during peak periods or
grid outages," says Eirik Sørensen, Managing Director in PSW Power & Automation.

"We see a great market opportunity in BQ-G as the need for energy efficiency and
demand for solutions that can secure grid stability is rapidly growing
worldwide. We have achieved a market breakthrough in Sweden with this contract
and we expect that BQ-G will play a key role in the transition to a more stable
and sustainable energy future," says Oddbjørn Haukøy, interim CEO, Scana ASA

(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:
Oddbjørn Haukøy, interim CEO, Scana ASA, +47 911 71 914
Eirik Sørensen, Managing Director PSW Power & Automation +47 936 78 233
Jens Hjorteset, Director, Business Development PSW Power & Automation +47 993 22
218

PSW in brief
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 in brief Scana is a listed industrial owner company in the ocean
industries creating value through active ownership in market-leading portfolio
companies. Scana is headquartered in Bergen and has around 400 employees.
www.scana.no
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