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Changes in the Management Team of Merus Power Plc

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, CEORainer Antila, CFOMarkus Ovaskainen, Sales DirectorJyri Öörni, R&D DirectorMikko Marttala, Director, System Deliveries and ServicesJarkko Latonen, Director, Factory Operations and Quality Mikko Marttala is responsible for systems delivery and services

Insider information: Merus Power delivers battery energy storage to Enertia – contract worth over 4 million euros

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

Merus Power Plc's responsible auditor changes

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

Merus Power’s largest battery energy storage system enters the electricity market use

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

Merus Power Plc's Half-year Report January 1-June 30, 2024: Strong order intake – profit remains poor

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

Insider information, negative profit warning: Merus Power lowers its guidance on EBITDA

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

Merus Power delivers two compensators to support rail traffic in Estonia

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

Merus Power provides a compensator worth nearly 4 million euros to Saudi Arabia

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

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

Merus Power’s financial guidance for the year 2024 remains unchanged

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

Insider information: Merus Power receives nearly EUR 20 million energy storage order from Alpiq

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

Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings – Turret Oy Ab

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: +----------------+------

Merus Power Plc: Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings – Kari Tuomala

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: +----------------+------+---

Merus Power Plc: Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings – Ahlström Invest B.V.

Merus Power Plc, Company release, 23 May 2024 at 8:30 p.m. Merus Power has on 23 May 2024 received a notification in accordance with the Securities Market Act, according to which the holdings of shares and votes of Ahlström Invest B.V. 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 Ahlström Invest B.V. according to the notification:

Merus Power's trading service to be deployed for Sallila Energia’s energy storage

Merus Power Oyj, press release, May 16, 2024 at 2:00 pm   Merus Power and Sallila Energia have entered into an agreement for trading services for Sallila Energia's 1,7 MW energy storage. Sallila Energia's energy storage will help maintain the frequency balance of the grid and create value by trading in wholesale electricity markets at times of high volatility.   "We want to be at the forefront of solving the challenges of the energy transition. Our energy storage will bring flexible capacity wherever it is needed most: for frequency balancing or to smooth out fluctuations in

Merus Power Plc: Subscription of shares with option rights 2021

Merus Power Plc, Company release, May 7, 2024, at 12.00 p.m.   A total of 25,150 new shares have been subscribed for by Merus Power Plc with option rights (2021). The subscription price of EUR 83 498 will be recorded in full in the reserve of invested unrestricted equity. As a result of the subscriptions, the number of shares in Merus Power Plc will increase to 7 670 116 shares.   The shares subscribed for based on the option rights have been registered with the Trade Register on 7 May 2024. The new shares will confer shareholder rights to their owners from the date of

Merus Power to provide Oy Herrfors Ab with a trading platform - offers immediate economic benefits to the electricity company

Merus Power Plc, press release, May 2 2024 at 15:00   Merus Power Plc and Oy Herrfors Ab have signed a contract for optimization and trading services for a 7 MW energy storage system and a 5 MW electric boiler. The contract between Merus Power and Oy Herrfors Ab covers optimization for Fingrid's reserve market and the wholesale electricity market.   The trading platform developed by Merus Power offers the possibility to optimise energy storage technology in the electricity market, taking into account both the consumption of the storage battery and the return on investment. As

Merus Power Plc – Managers' Transactions, Sadeharju

Merus Power Plc Managers' Transactions 10 April 2024 at 15:00  Merus Power - Managers' Transactions____________________________________________      Person subject to the notification requirement  Name: Power Fund III Ky  Position: Closely associated person  (X) Legal person (1):Person Discharging Managerial Responsibilities In Issuer  Name: Vesa Sadeharju Position: Hallituksen jäsen/varajäsen  Issuer: Merus Power  LEI: 743700YERV5NBRG3QU71 Notification type: INITIAL NOTIFICATION Reference number: 57736/5/5  ____________________________________________

Merus Power Plc – Managers' Transactions, Marttala

Merus Power Oyj Managers' Transactions 18 March 2024 klo 17.30     Merus Power - Managers' Transactions____________________________________________   Person subject to the notification requirement Name: Mikko Marttala Position: Other senior manager Issuer: Merus Power LEI: 743700YERV5NBRG3QU71Notification type: INITIAL NOTIFICATIONReference number: 55402/5/4 ____________________________________________   Transaction date: 2024-03-12 Venue: FIRST NORTH GROWTH MARKET FINLAND (FSME)Instrument type: SHARE ISIN: FI4000506902 Nature of

Decisions of the annual general meeting and Board of Directors of Merus Power Plc, March 13, 2024

Company bulletin, Merus Power Plc, March 13, 2024 at 16:30 Matters to be resolved in the annual general meetingThe annual general meeting of Merus Power Plc (hereinafter “the Company”) was held today on March 13, 2024 in Tampere. The general meeting adopted the annual accounts for the 2023 and granted a discharge form liability to the Board members and CEO. The general meeting approved the proposed Remuneration Report for 2023. As proposed by the Board, the meeting resolved that the loss in the financial statements shall be recorded on the profit and loss account and dividends

Merus Power Plc's Annual Report, Sustainable Report and Remuneration Report 2023 published

Merus Power Plc, Company Announcement, 21.2.2023 klo 12.00   Merus Power Plc has today published its Annual Report, Sustainable Report, and Remuneration Report 2023. The annual report contains a business review, the financial statements, and the board of directors’ Report.   The Annual Report, Sustainable Report, and Remuneration Report are available as PDF files attached to this release and on the company's website at https://sijoittajat.meruspower.fi/en/for-investors/reports-and-presentations/.   Merus Power Plc Board of Directors     For more information

Invitation to Merus Power Plc's annual general meeting 2024

Company bulletin Merus Power Plc February 19, 2024 at 12:00 noon    INVITATION TO MERUS POWER PLC’S ANNUAL GENERAL MEETING 2024     Merus Power Plc’s shareholders are invited to participate in the annual general meeting to be held on Wednesday March 13, 2024 at 1:00 pm at Hatanpää Manor at Hatanpään puistokuja 1, 33900 Tampere.   The welcoming of shareholders, who must register for the meeting in advance as specified below, and the distribution of ballot papers will start at the meeting venue at 12:00 noon.     A. AGENDA OF THE GENERAL MEETING   The

Merus Power Plc changes the publication schedule of the annual report

Merus Power Plc, company announcement, 16 February 2024 at 14.00     Merus Power Corporation is bringing forward the publication of the annual report by one day. The annual report contains a business review, the report by the board of directors, and the financial statements for 2023. The annual report will be published on Wednesday, 21 February 2024 (previously the publication date was announced as Thursday, 22 February 2024). The annual report will be announced in a company announcement and the material can be found in the pdf file attached to the release and on the company's

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