Merus Power to deploy 30-MW BESS for Alpiq in Finland

Technology firm Merus Power (HEL:MERUS) has been contracted by Swiss power producer and energy service provider Alpiq to deploy a locally-manufactured 30-MW/36-MWh battery energy storage system (BESS) in Finland.

The deal is valued at nearly EUR 20 million (USD 21.4m) and includes an option to use Merus Power's trading service in the future, the parties announced on Wednesday.

The BESS will be built in the Valkeakoski municipality and will be connected to the network of Finnish transmission system operator (TSO) Fingrid Oyj. It is expected to become operational in the summer of 2025.

The project is described as one of the largest battery energy storage systems in Finland, in terms of power and energy capacity, that will operate on the frequency reserve market.

Merus has already done the project development work. The company will be in charge of the overall supply of the BESS and has also secured a contract for operation maintenance services.

(EUR 1 = USD 1.071)

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