Scana ASA (DE:1MP) has released an update.
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Scana-owned PSW Power & Automation has obtained a NOK 32 million green drawing facility from DNB for financing energy storage systems, aiming to bolster the power grid’s robustness. The financing aligns with the company’s commitment to sustainability and will convert into a 5-year loan once the systems are delivered. PSW Power & Automation specializes in electrification and renewable energy solutions, contributing to Scana’s legacy as an innovative leader in technology for the energy and offshore industries.
For further insights into DE:1MP stock, check out TipRanks’ Stock Analysis page.
