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03.07.25 - 09:39
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Inbetriebnahme einer der größten Energiespeicheranlagen Finnlands in Lappeenranta – Lieferung von Merus Power im Wert von 15 Mio. EUR abgeschlossen (GlobeNewswire)
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TAMPERE, Finnland, July 03, 2025 (GLOBE NEWSWIRE) -- Die von Merus Power an Lappeenranta, Finnland, gelieferte Energiespeicheranlage wurde fertiggestellt und am 15. Mai 2025 in Betrieb genommen. Eigentümer des Energiespeichers ist ein Joint Venture zwischen dem Clean Energy Evergreen Fund von Ardian und dem lokalen Energieversorger Lappeenrannan Energia. Mit einer Leistung von rund 38 Megawatt und einer Energiemenge von 43 Megawattstunden ist er einer der größten Energiespeicher, die auf dem finnischen Strommarkt im Einsatz sind. Die Fertigstellung des Projekts ist für Merus Power von großer Bedeutung, da es sich um die größte von dem Unternehmen hergestellte Energiespeicheranlage handelt....
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03.07.25 - 09:03
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One of Finland′s largest energy storage facilities commissioned in Lappeenranta – Merus Power′s EUR 15 million delivery completed (GlobeNewswire EN)
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TAMPERE, Finland, July 03, 2025 (GLOBE NEWSWIRE) -- The energy storage facility delivered by Merus Power to Lappeenranta, Finland, has been completed and put into market use on 15 May 2025. The energy storage facility is owned by a joint venture between Ardian's Clean Energy Evergreen Fund and the local energy provider Lappeenrannan Energia. It is one of the largest energy storage facilities in use on the Finnish electricity market with an output of approximately 38 megawatts and energy of 43 megawatt hours. The completion of the project is significant for Merus Power, as it is the largest energy storage facility manufactured by the company....
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28.03.25 - 08:01
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Merus Power Plc establishes a new share-based incentive plan for key employees (Cision)
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Merus Power Plc, Company announcement, March 28, 2025 at 9:00 a.m. EET
The Board of Directors of Merus Power Plc has resolved to establish a new share-based incentive plan for key employees of the group. The purpose of the plan is to align the interests of the company's shareholders and key employees to increase the company's value in the long-term, to commit key employees to implement the company's strategy, objectives and long-term interest and to offer them a competitive incentive plan based on earning and accumulating the company's shares.
The Performance Share Plan 2025–2029...
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25.03.25 - 12:06
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Merus Power built its own energy storage facility in Lempäälä, Finland: mainstay for developing and testing new technology (Cision)
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Merus Power Plc, Press release, March 25, 2025 at 1:00 pm EET
Merus Power has built its own 1 MW / 1 MWh energy storage for product development and testing. The energy storage facility is in Lempäälä, Finland, and became operational on March 25, 2025. The facility will use the company's Merus® MERUSCOPE™ trading system. These significant investments in product development will further strengthen the company's position as a pioneer of the energy storage market in Finland. The energy storage facility operates in the wholesale electricity market and in Fingrid's frequency reserve market,...
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17.03.25 - 14:00
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Resolutions of the Annual General Meeting and constitutive meeting of the Board of Directors of Merus Power Plc (Cision)
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Merus Power Plc, Company announcement, March 17, 2025 at 15:00 p.m. EET
Matters to be resolved in the annual general meeting
The annual general meeting of Merus Power Plc (hereinafter “the Company”) was held today on March 17, 2025 in Tampere.
The general meeting adopted the annual accounts for the fiscal year 2024 and granted a discharge form liability to the Board members and CEO.
The general meeting approved the proposed Remuneration Report for 2024.
As proposed by the Board, the meeting resolved that the loss in the financial statements shall be recorded on the profit and...
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30.12.24 - 09:00
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Changes in the Management Team of Merus Power Plc (Cision)
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Merus Power Plc, Company release, 30 December 2024 at 10:00
Merus Power is streamlining its management team and clarifying the company's delivery processes for modular system deliveries and in-house product manufacturing.
As of 1 January 2025, the Management Team will consist of the following members:
Kari Tuomala, CEO
Rainer Antila, CFO
Markus Ovaskainen, Sales Director
Jyri Öörni, R&D Director
Mikko Marttala, Director, System Deliveries and Services
Jarkko Latonen, Director, Factory Operations and Quality
Mikko Marttala is responsible for systems delivery and services...
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18.12.24 - 16:31
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Insider information: Merus Power delivers battery energy storage to Enertia – contract worth over 4 million euros (Cision)
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Merus Power Plc, Company release, Insider information, 18 December 2024 at 5:15 p.m.
Merus Power has signed a contract worth approximately 4 million euros to supply a battery energy storage system to Enertia Oy. The deal also includes a service and maintenance contract. The energy storage facility will be built in Forssa and commissioned by the end of 2025. This order supports Merus Power's growth strategy and strengthens the company's leading position in the domestic energy storage market.
The main function of the energy storage facility is to support the balance between...
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04.12.24 - 09:08
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Merus Power Plc′s responsible auditor changes (Cision)
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Merus Power Plc, company release, 4 December 2024 at 10 a.m.
Moore Idman Oy, the firm of authorized public accountants acting as the auditor of Merus Power Plc, has appointed APA Jussi Savio as the responsible auditor. The change of responsible auditor will enter into force immediately.
For more information:
Kari Tuomala, CEO, kari.tuomala@meruspower.com, +358 20 735 4320
Aktia Alexander Corporate Finance Oy, Certified Adviser, +358 50 520 4098
Distribution:
Nasdaq Helsinki Ltd.
Key media
Merus Power in brief:
Merus Power is a technology...
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26.11.24 - 09:37
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Merus Power′s largest battery energy storage system enters the electricity market use (Cision)
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Merus Power Plc, Press Release, 26 November 2024 at 10:30 a.m.
The largest battery energy storage system operating on Finnish electricity markets, delivered by Merus Power, has been completed and is now in market use. The energy storage facility, designed for Finnish cold and snowy conditions, is located in Lempäälä, Finland. It is an investment of a fund managed by Taaleri Energia. The completion of this project is a significant milestone for the company, as it represents the largest energy storage system ever manufactured by Merus Power.
Acting as the EPC contractor, Merus...
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22.08.24 - 07:31
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Merus Power Plc′s Half-year Report January 1-June 30, 2024: Strong order intake – profit remains poor (Cision)
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Merus Power Plc, company release, August 22 2024 at 8:30 a.m.
This company release is a summary of Merus Power's half-year report for January-June 2024. The full report is attached to this company release and available on our website at:
https://sijoittajat.meruspower.fi/en/for-investors/reports-and-presentations/
Merus Power PLC's HALF-YEAR REPORT January 1–June 30, 2024
Unless otherwise indicated, the figures in parentheses refer to the corresponding period of the previous year.
Strong order intake – profit remains poor
JANUARY–JUNE 2024 IN BRIEF
· Net sales...
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13.08.24 - 15:31
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Insider information, negative profit warning: Merus Power lowers its guidance on EBITDA (Cision)
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Merus Power Plc, company release, inside information, 13 August 2024 at 4.30 p.m.
Merus Power lowers its guidance on operating margin (EBITDA) for 2024 and maintains its net sales forecast. The company still expects its 2024 net sales to increase. The company changes its EBITDA guidance and expects EBITDA to decrease in 2024 compared to the previous year. The EBITDA is expected to be negative by 0-1 million euros.
The EBITDA forecast is lowered due to the delay of a significant total responsibility project and the related costs that will weigh on the 2024 EBITDA.
New guidance...
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01.08.24 - 08:01
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Merus Power delivers two compensators to support rail traffic in Estonia (Cision)
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Merus Power Plc, press release, 1 August 2024 at 9:00
Merus Power will deliver two Static Synchronous Compensators (STATCOM) and a control system to GRK to support the power quality of Estonian rail traffic. The compensators are designed to ensure the quality of electricity at the substations supplying the railway.
GRK is responsible for a significant railway project in Estonia, electrifying approximately 150 kilometers of the main track from Aegviidu to Tartu. This project is part of a broader strategy of substantial investment in rail transport in Estonia. Estonia aims to...
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25.07.24 - 10:02
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Merus Power provides a compensator worth nearly 4 million euros to Saudi Arabia (Cision)
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Merus Power Plc, press release, 25 July 2024 at 11:00
Merus Power will supply a Static Synchronous Compensator to support the operation of an electric arc furnace at an ilmenite smelter located in Saudi Arabia. The ilmenite smelter project was originally delivered by Outotec, which merged with Metso in 2020. Metso and ASIC have agreed on the refurbishment and modernization of the plant's second furnace, which is expected to be operational by 2025. The delivery of Merus Power's compensator is estimated to take place in the summer 2025. The contract between Merus Power and Metso is...
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08.07.24 - 14:01
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Insider information: Merus Power joins the transformation of steel industry by delivering compensators for green steel production (Cision)
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Merus Power Plc, company release, insider information, 8 July 2024 at 15:00.
Merus Power has received a significant compensator order from one of the leading systems providers of construction and design services for steel plants in the metal industry. The compensators are designed to improve the energy efficiency of a green steel plant and will be delivered to a European customer during 2025. Typically, Merus® STATCOM systems in this power class and scope of supply cost between 4,5-6,5 million euros depending on final scope of supply and possible extension to be contracted.
Green...
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19.06.24 - 07:06
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Merus Power′s financial guidance for the year 2024 remains unchanged (Cision)
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Merus Power Plc, Company release, 19 June 2024 at 8:01 a.m.
The company's financial guidance for 2024 will not be affected by today's announcement of an energy storage order of nearly 20 million euros from Swiss-based Alpiq.
Merus Power's guidance for 2024 (published 8 February 2024):
net sales and EBITDA will increase compared to 2023.
The company's revenue generation in 2024 will be heavily weighted towards the second half of the year. In terms of energy storage deliveries, the company has continued to invest in developing new generation technologies at the top of the value...
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19.06.24 - 07:01
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Insider information: Merus Power receives nearly EUR 20 million energy storage order from Alpiq (Cision)
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Merus Power Plc, Company release, Insider information, 19 June 2024 at 8:00 a.m.
Swiss-based Alpiq has placed an order with Merus Power to build a 30 MW/36 MWh energy storage facility in Valkeakoski to be connected to Fingrid's grid. Merus Power has carried out the project development work and is responsible for the overall supply of the energy storage facility. In addition, the parties have concluded a contract for operation maintenance services.
The delivery and commissioning of the energy storage facility is scheduled for summer 2025. The investment amounts to nearly...
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10.06.24 - 15:01
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Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings – Turret Oy Ab (Cision)
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Merus Power Plc, Company release, 10 June 2024 at 16:00 p.m.
Merus Power has on 10 June 2024 received a notification in accordance with the Securities Market Act, according to which the holdings of shares and votes of Turret Oy Ab. in Merus Power Plc have before 19 April 2024 crossed the threshold of 5%. The reason for the flagging notification is the amendment to the Securities Market Act, which expanded the flagging obligation to companies listed on the Nasdaq First North Growth Market Finland.
Total position of Turret Oy Ab according to the notification:
+----------------+------...
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07.06.24 - 14:07
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Merus Power Plc: Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings – Kari Tuomala (Cision)
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Merus Power Plc, Company release, 7 June 2024 at 3:00 p.m.
Merus Power has on 7 June 2024 received a notification in accordance with the Securities Market Act, according to which the holdings of shares and votes of Kari Tuomala in Merus Power Plc have before 19 April 2024 crossed the threshold of 15%. The reason for the flagging notification is the amendment to the Securities Market Act, which expanded the flagging obligation to companies listed on the Nasdaq First North Growth Market Finland.
Total position of Kari Tuomala according to the notification:
+----------------+------+---...
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