Powel ASA has signed a new contract with Skellefteå Kraft AB for delivery of business critical decision support solutions for short term hydropower generation. The contract has a total value of 6 MNOK and will enable Skellefteå Kraft AB to utilize their production portfolio to an optimum. The contract strengthens Powel position within generation planning and utilization of the power market from Powel’s new solutions.

About Powel ASA:
Powel ASA, headquartered in Trondheim, Norway, delivers software solutions and related services designed to help energy companies and public utilities work smarter, to increase their operational efficiency and service quality. The company is a market leader in Scandinavia, and has established offices in Sweden, the U.S., and Canada. Founded in 1996, Powel ASA is a publicly traded company and has grown from 37 employees to more than 230 in its 10 years of existence. Growth opportunities for the company remain strong in both the energy industry and the public sector.

About Skellefteå Kraft AB:
Skellefteå Kraft is a major power producer in Sweden. Skellefteå kraft serves five business areas: Electric power production and sales, Electric distribution network, Heating, Communication and Real estate, including line organization to support the business areas. Each business area has independent economic responsibility. The company employs about 470 people. For more information visit www.skekraft.se

Powel contact info:
President/CEO Bård Benum (J) +47 73 80 45 00 (M) +47 48 16 46 70
CFO Øystein Sæther (J) +47 73 80 45 00 (M) +47 48 16 45 58