Merus Power has received a significant compensator order from one of the leading systems providers of construction and design services for steel plants in the metal industry. The compensators are designed to improve the energy efficiency of a green steel plant and will be delivered to a European customer during 2025. Typically, Merus®?

STATCOM systems in this power class and scope of supply cost between 4,5-6,5 million euros depending on final scope of supply and possible extension to be contracted. Green steel is steel produced using hydrogen produced from renewable energy sources, which significantly reduces CO2 emissions compared to traditional manufacturing methods. Merus Power is actively involved in this transformation of the steel industry, providing solutions that improve energy efficiency and support carbon neutrality targets.