Merus Power Oyj 

Merus Power Oyj, together with its subsidiaries, designs, manufactures, and sells electrical engineering solutions in Finland, Europe, and internationally. The company offers battery energy storage and power conversion systems. It also provides power quality solutions including Merus A2, an active harmonic filtering solution; Merus HPQ, a hybrid power quality compensator system; Merus STATCOM, a modular static synchronous compensator; and Merus SVC, a static var compensator solution, as well as Merus MERUSCOPE, a cloud-based IoT service for remote monitoring and controlling. In addition, the company offers power quality studies and analyses, installation and commissioning services, operation and service agreements, spare parts, and technical training and support; and sizing tools, such as harmonic and unbalance calculators. Its solutions are used in crushers, electric arc and ladle furnaces, elevators, EV charging stations, HVAC systems, industrial cranes, lighting, paper machine and printing, variable frequency drives, and welding applications. The company serves automotive, chemical, food and beverage, glass, maritime, metallurgical, mining, oil and gas, paper and pulp, pharmaceutical, plastics, semiconductor, and textile industries; commercial buildings comprising airports, casinos, data centers, distribution centers, greenhouses, hospitals, high buildings, hospitals, hotels, office buildings, and shopping centers; and renewables, which include hydrogen production and electrolyzers, hydro, solar, and wind power, as well as distribution system operators and water and wastewater treatment sectors. Merus Power Oyj was incorporated in 2008 and is headquartered in Ylöjärvi, Finland.