Insider information: Merus Power joins the transformation of steel industry by delivering compensators for green steel production
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