Merus Power Plc Class A
HHEL:MERUS6.50
EUR
0.00
(0.00%)
ISIN
FI4000506902
Return %
Stock
S&P 500
1Y
43.49
14.20
3Y
49.43
81.12
5Y
-23.17
68.34
Capital Structure
EUR
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in mil. unless spec.Working Capital
EUR
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in mil. unless spec.Growth Rates
EUR
•
in mil. unless spec.Semi-annual Revenue
EUR
•
in mil. unless spec.Semi-annual Earnings Per Share
EUR
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in mil. unless spec.Semi-annual Dividends Per Share
EUR
•
in mil. unless spec.Company Description
- CEO
- Kari Antero Tuomala
- Full Time Employees
- 146
- Sector
- Electronic technology
- Industry
- Electronic equipment/Instruments
- Address
- Ylojarvi Finland
- IPO Date
- Jun 8, 2021
- Website
- meruspower.fi
- Similar Companies
- Business
- Merus Power Plc is a Finland-based clean technology and power electronics company that specializes in the design, engineering, manufacturing, and supply of battery energy storage systems and advanced power quality solutions. Founded in 2008 and headquartered in Ylöjärvi, Finland, the company develops proprietary hardware, software, and modular power electronics engineered to enhance grid stability, support the renewable energy transition, and improve industrial energy efficiency. Merus Power operates through two principal business areas: Energy Storage Solutions and Power Quality Solutions. The company's core product and service portfolio includes modular, utility-scale Battery Energy Storage Systems (Merus ESS) designed for frequency reserve market participation, energy arbitrage, peak shaving, and grid-forming capabilities; Static Synchronous Compensators (Merus STATCOM) and Static Var Compensators (SVC) for dynamic reactive power compensation, voltage control, and flicker mitigation; Merus A2-Series Active Harmonic Filters (AHF) for active harmonic mitigation, power factor correction, and load balancing in low- and medium-voltage networks; Uninterruptible Power Quality (UPQ) systems; Hybrid Power Quality (HPQ) systems; Merus SCADA control and protection software; MERUSCOPE cloud-based IoT monitoring and diagnostic software; and Merus Services encompassing network studies, turnkey system integration, commissioning, lifecycle maintenance, and asset optimization. The company primarily serves renewable energy developers, electric utility providers, transmission and distribution system operators, and heavy industries, including steel, mining, paper, and chemicals, with operations and distribution partnerships spanning Northern Europe, the broader European continent, the Americas, Asia-Pacific, and the Middle East. In recent corporate developments, Merus Power entered into a multi-year strategic cooperation agreement with CATL in 2026 to deliver approximately 3 GWh of battery energy storage solutions across Northern Europe, integrating CATL battery systems with Merus Power's proprietary power conversion systems and grid-forming software. In addition, the company expanded its European project footprint through major BESS supply contracts, including a 30 MW / 60 MWh system for wpd at Söderskogen, multiple hybrid wind-storage and standalone storage projects for Exilion totaling over 50 MW / 100 MWh in Finland, a 30 MW / 30 MWh turnkey storage facility for Ardian, and strategic market expansion into Poland delivering storage systems for regional grid operator Enea Operator and private industrial clients.