Merus Power Oyj: 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 electrify most of the country's current rail network by the end of 2028. Estonia's rail network spans about 1,200 kilometers, with only the sections around Tallinn currently electrified. Electrifying the railways is part of Estonia's green transition, allowing diesel-powered train traffic to be replaced with more environmentally friendly equipment.

The role of the Merus® STATCOM compensators is to compensate for the possible asymmetry caused by the transformers supplying the railway, ensuring the power quality in the rest of the power grid. The delivery and deployment of the compensators will take place during 2025.

"Proven expertise and advanced technology are vital in achieving the power quality required for this significant infrastructure development. Merus Power is a reliable partner that possesses both. Our collaboration has been successful." - Tiit Roben, CEO, GRK Estonia

The electrification of transportation has been growing strongly for several years, and this development strengthens Merus Power's market position. Merus Power excels in areas such as ensuring the power quality of electric vehicle charging infrastructure and rail transport, demonstrating its diverse applications and broad customer base. The company is a multi-skilled power quality specialist and is constantly delivering its solutions to power quality projects of all sizes around the world.

"We are proud to contribute to Estonia's ambitious railway electrification project. Our technology will enhance the stability of the power supply, supporting the country's green transition goals." - Kari Tuomala, CEO, Merus Power

For more information:

Kari Tuomala, CEO, kari.tuomala@meruspower.com,+358 20 735 4320

Jonna Kannosto, Marketing and Communications Director, jonna.kannosto@meruspower.com,+358 44 357 8320

Distribution:

Nasdaq Helsinki Ltd.

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Merus Power in brief:

Merus Power is a technology company that enables a sustainable and energy-efficient future. We design and manufacture innovative electrical engineering solutions, such as energy storages, power quality solutions and services for renewable energy and industrial needs. With our scalable technology, we enable the growth of renewable energy in electric grids and improve the energy efficiency of society. We are a domestic innovative electrical engineering specialist and operate in global and fast-growing markets. Our personnel represent internationally respected engineering expertise. Our turnover in 2023 was EUR 29.0 million and our stock trading symbol on the Nasdaq First North Growth Market Finland is MERUS.www.meruspower.com.

The original of this document has been made in Finnish. In case of any discrepancy, the Finnish version will prevail.