Project execution and delivery risk
Systems are engineered-to-order and require installation and commissioning.
- Scope
- Large customer projects and international deployments
- Materiality
- high
Merus Power Oyj
Merus Power Oyj is a Finnish technology company that designs, manufactures and sells electrical power solutions for grid-connected energy systems. Its core offering includes energy storage systems, power quality solutions and related services, with production and engineering centered in Ylöjärvi and sales reach across more than 70 countries.
146
1.76
1.21
| % | |
|---|---|
| Energy storage systems | 45% Battery-based and grid-support storage solutions used to balance renewable generation and improve system flexibility. |
| Power quality solutions | 30% Equipment that reduces disturbances in electrical networks and improves reliability for connected assets. |
| Project delivery and commissioning | 15% Engineering, installation and commissioning services tied to customer deployments. |
| Service and lifecycle support | 10% Ongoing maintenance, support and optimization for installed systems. |
Merus Power sells to industrial customers, power generation operators and renewable energy developers that need grid...
- Industrial customersprimary
Buy power quality and storage solutions to reduce disturbances, protect equipment and improve uptime.
- Power generation operatorsprimary
Buy grid-support and storage systems to help connect generation assets and manage variability.
- Renewable energy developersprimary
Buy storage and grid integration solutions to connect solar, wind and other renewable projects.
- Electricity market and reserve participantssecondary
Use storage assets and related control systems for balancing and reserve market participation.
- Service and installed-base customerssecondary
Buy maintenance, commissioning and lifecycle support for existing Merus Power systems.
Merus Power is headquartered and manufactures in Ylöjärvi, Finland, and it operates sales offices or fixed...
- •Head office and factory in Ylöjärvi, Finland
- •Sales offices in Helsinki, Germany, Sweden, UAE and Colombia
- •Subsidiaries in Singapore and Hong Kong
- •Delivered solutions to more than 70 countries
- •Growth focus is primarily Europe, with global project exposure
Merus Power’s strategy is built around scalable power electronics, software-enabled control and in-house engineering to...
01
Scale energy storage deploymentmedium-term
Storage demand rises with renewable generation and grid flexibility needs.
02
Defend and expand power quality positionmedium-term
Power quality products address reliability needs in industrial and grid applications.
03
Build recurring service revenuemedium-term
A larger installed base can create more predictable lifecycle and support demand.
04
Broaden international sales reachshort-term
Export markets diversify demand and increase access to large renewable and grid projects.
Merus Power is exposed to project execution risk, supplier quality risk and demand cyclicality because its business...
Cybersecurity and data protection risk
Products and operations contain software and customer data, increasing attack surface.
- Scope
- Connected systems, internal IT and customer information
- Materiality
- high
Supplier quality and ESG risk
The company relies on external suppliers for components and has identified ESG assessment gaps.
- Scope
- Hardware sourcing and subcontracted work
- Materiality
- medium
Regulatory and sanctions compliance risk
International operations require screening of counterparties and compliance with EU rules.
- Scope
- Cross-border sales and partner relationships
- Materiality
- medium
Market demand and investment cycle risk
Storage and power quality demand depends on renewable, grid and industrial investment.
- Scope
- Europe and global project markets
- Materiality
- high
Revenue recognition for project-based contracts
Affects revenue timing and comparability between quarters
Contract cost and margin estimates
Can materially affect reported margins and earnings
Warranty and other provisions
Affects operating expenses and liabilities
Capitalized development and impairment
Could lead to non-cash impairment charges
: 11/08/2026