Inside information: Merus Power to deliver EUR 17 million energy storage system to Exilion

"We are proud and pleased about the agreement with Exilion. The 30MW / 66MWh energy storage system is one of the largest we have developed in Finland. This project is significant—not only because of its size, but also in terms of Finland's security of supply, power system flexibility, and the green transition," comments Kari Tuomala, CEO of Merus Power. "We are proud and pleased about the agreement with Exilion. The 30MW / 66MWh energy storage system is one of the largest we have developed in...

"We are proud and pleased about the agreement with Exilion. The 30MW / 66MWh energy storage system is one of the largest we have developed in Finland. This project is significant—not only because of its size, but also in terms of Finland's security of supply, power system flexibility, and the green transition," comments Kari Tuomala, CEO of Merus Power.

Exilion is a Finnish investment and asset management company focusing on real estate and renewable energy. The company is actively investing in energy storage as part of its extensive renewable energy portfolio. Exilion Tuuli LP owns several wind farms that together produced around 1 TWh of clean electricity in 2024. Exilion is also building one of Finland's largest solar power plants. With the energy storage order, the company strengthens its position as a significant Finnish energy storage provider.

"We see energy storage as a key enabler of the energy system's renewal and the green transition. The Mäntyharju project is an important step for us on this path. We are pleased to have our long-term partner Merus Power alongside us–a strong and experienced Finnish technology company," says Tommi Riski, Director, Business Development and Electricity Markets at Exilion.

For more information:
Kari Tuomala, CEO, [email protected], +358 20 735 4320
Jonna Kannosto, Marketing and Communications Director, [email protected], +358 44 357 8320

Merus Power in brief
Merus Power is a technology company driving the sustainable energy transition. We design and produce innovative electrical engineering solutions such as energy storages and power quality solutions, and services for the needs of renewable energy and industry. Through our scalable technology, we facilitate the growth of renewable energy in the electricity grids and improve the energy efficiency of society. We are a domestic specialist in innovative electrical engineering and operate in global and high-growth markets. Our personnel represent internationally renowned engineering expertise. Our net sales in 2024 was EUR 35.8 million and our stock's trading symbol on the Nasdaq First North Growth Market Finland is MERUS.

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