Merus Power (MERUS) Company presentation summary

Company overview and market impact

• Founded in 2008, employs 159 people, and operates in over 70 countries with €36M turnover in 2024.

• Solutions enable renewable energy growth and save 240,000 tons of CO2 annually, equivalent to over 2 million passenger flights.

• Product portfolio includes battery energy storage, power quality solutions, and lifecycle services.

• Strategic focus on energy storage, international expansion, and scaling operations.

• Positioned at the top of the value chain with integrated solutions and strong international presence.

Growth strategy and financial targets

• Aims for €80M net sales by 2026, primarily through organic growth, with an EBITDA margin above 15% and equity ratio over 35%.

• Order book reached €30M in 2024, with a scalable product portfolio and multichannel sales strategy.

• Investments in R&D, new factory tripling production capacity, and proactive recruitment to support growth.

• Expanding ESS business across Nordics and Europe, establishing localized delivery models and strategic partnerships.

• 2025 guidance projects strong net sales growth and EBITDA of €1–3M.

Technology, innovation, and service model

• Delivers full value chain in ESS: project development, turnkey delivery, market access, trading, and O&M.

• Differentiated EPC model reduces risk and increases margins by leading technology and guaranteeing outcomes.

• R&D focuses on digital capabilities, AI-driven trading, grid-forming, and power quality innovation.

• Service business drives recurring, high-margin revenue with modernization, grid optimization, and cloud-based monitoring.

• Over 120 MW of ESS capacity contracted, with flagship projects for major clients.