Merus Power strikes gold

Merus Power’s STATCOM has been chosen to improve power quality at an African gold mine. Merus Power is delivering a STATCOM to South Africa to improve the energy efficiency, reliability, and capacity of mine winders at the Kibali gold mine in the DRC. The signed contract is the company’s third significant deal in the mining and metallurgy industry.

South Africa is a global competence center for the mining industry. Our success in the tender evaluation process and contract award is a recognition of our new technology and capability to cost-efficiently solve our customers’ problems.

“This reference will open up new global opportunities in the mining and metallurgy industry, where management of voltage stability and dynamic reactive power reduces the operating costs and increases capacity of the mine,” states Sales Director Aki Leinonen. The systems are manufactured at the Merus Power factory in Nokia, Finland, and will be delivered to the customer by the end of June 2013.

Merus Power’s South African partner is the system integrator in charge of all other equipment in the 11kV substation and is responsible for the turnkey contract. Elco Grobler, director of DRA Mineral Resources (Pty), says, “Merus Power’s innovative solutions and flexible, professional way of working enhance system integrators’ capabilities and meet the end customer requirements that drive the business.”

Merus Power is a fast-growing Cleantech company. Its products, active filters, STATCOMS, and SVC systems improve power quality, save energy, improve productivity, and enable the grid connection of renewable energy according to the grid code. The company is part of TEKES’s innovative company finance program, and Cleantech Finland is backed by Inventure Fund Ky.