Company

Energy Recovery (NASDAQ: ERII) today announced a collection of contracts totaling over $8 million to supply PX® Pressure Exchanger® energy recovery devices and accessories to desalination facilities in Chile. These contracts are for mining applications and demonstrate the region’s continuing investment in desalination.

Chile is the world’s No. 1 copper producer and the No. 2 producer of lithium. Industrial mines require freshwater for pumping minerals like lithium to the surface and for copper smelting. Combined, these commissioned desalination projects will provide over 350,000 cubic meters of water each day in this resource-rich, yet water-scarce South American nation. The PX is expected to prevent an estimated 140,000 tons of carbon emissions from entering the atmosphere each year. The orders are estimated to be fulfilled by Q4 2023.

“Chile continues to be a leader in the Latin American desalination market with mining being one of the key drivers for the region. The country is home to valuable natural resources that the world requires to manufacture and power vital products and technologies, yet the country has faced historic droughts in recent times,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “A desalination plant serves as a critical component for building a sustainable, drought-proof water supply. As the leading energy recovery device for desalination, the PX is trusted around the world to provide significant cost and emissions savings as well as availability, which is critical in operations like mining.”

The PX can reduce energy consumption in seawater reverse osmosis desalination facilities by as much as 60%. The PX provides the lowest life cycle cost of any energy recovery device available on the market, providing significant savings to plant operators and bringing down the cost of clean water.

SAN LEANDRO, Calif. – Sept. 1, 2022 – Energy Recovery, Inc. (NASDAQ: ERII) today announced a slate of contract awards totaling more than $12.6 million to supply its PX® Pressure Exchanger® energy recovery devices (PX) to seawater reverse osmosis (SWRO) desalination facilities in North Africa, with all orders to be fulfilled by the end of 2022.

Energy Recovery estimates that across the four largest facilities in this group, the PX will prevent more than 130,000 metric tons of carbon emissions each year, the equivalent of removing over 28,000 passenger cars from the road.

When completed, these greenfield desalination facilities will supply hundreds of thousands of cubic meters of clean water each day to communities across North Africa, all of which meet the UN’s threshold to be considered water scarce or very water scarce. This investment into new desalination facilities demonstrates that increasing the supply of potable water and access to stable water sources is a major priority in this region.

“North Africa – much like its neighbor, the Middle East – continues to face a dynamic water crisis brought on by climate change, a growing population, and increasing demand from the industrial sector. These countries in North Africa continue to provide a robust and steady market for us as they invest in strengthening and diversifying their water infrastructure, with desalination playing a key role,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water.

“We are proud that our desalination customers continue to rely on the PX’s product leadership to improve the efficiency of their operations and reduce costs, making clean water more accessible around the world. For nearly 20 years we have been investing and monitoring activity in the region and our investments have paid off in a big way. We now have a cumulative installed capacity in North Africa exceeding four million cubic meters per day, further underscoring our market leadership in the region.”

The PX has a peak efficiency of 98% and is capable of reducing energy consumption in SWRO facilities by as much as 60%. With a 25-year design cycle, the PX can provide significant savings to plant operators for years to come.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order fulfillment; the Company’s estimates of the reduction in carbon emissions as a result of the PX; the Company’s belief that the countries in North Africa provide a robust and stead market for the Company; and our belief that the PX can provide significant savings to plant operators. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

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SAN LEANDRO, Calif. – April 7, 2022 – Energy Recovery, Inc. (NASDAQ: ERII) today announced multiple contract awards in the Gulf region totaling over $20 million for its PX^® Pressure Exchanger^® energy recovery devices. The orders are expected to be fulfilled by Q4 of 2023 and altogether, the desalination plants will be able to provide over one million cubic meters of water each day in this water-scarce region of the world.

When these projects are completed, they will produce enough drinking water to fill over 400 Olympic swimming pools per day. Moreover, Energy Recovery estimates that the PXs supplied to these plants will prevent more than 424,000 metric tons of carbon dioxide emissions per year, which is equivalent to the amount of emissions from over 92,000 passenger cars.

In just the past 20 years, the Gulf’s population has increased by 55%, putting incredible strain on the region’s water supply. Countries in the Gulf region rank among the most water-stressed countries in the world.

“The reliable and efficient production of clean, drinkable water is of critical importance in arid regions like the Gulf region,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “Energy Recovery’s reputation for producing dependable products is one of the main reasons why customers trust our PX to perform even under harsh conditions, bringing down the costs and energy consumption of what was once an highly energy intensive process. The performance of our technology remains reliable, repeatable, and predictable, allowing us to contract approximately 12 million cubic meters of installed capacity across the region.”

Energy Recovery’s PX can reduce energy use in Sea Water Reverse Osmosis facilities by up to 60%. The PX provides the lowest lifecycle cost of any energy recovery device available on the market, providing significant savings to plant operators and bringing down the cost of clean water.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; and our belief that our technology provides the lowest lifecycle cost of any energy recovery device available on the market.. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

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SAN LEANDRO, Calif. — Jan. 19, 2022 — Energy Recovery (NASDAQ: ERII) today announced contract awards totaling nearly $25 million for its PX® Pressure Exchanger® energy recovery devices for desalination plants in the Kingdom of Saudi Arabia, as well as several of the company’s PX PowerTrain™ solutions. The capacity for the combined plants will be 1 million cubic meters per day, and the orders are expected to be fulfilled by the close of Q1 2022.

The plants are part of a local initiative to replace energy-intensive, outdated thermal technologies with the more efficient and economical seawater reverse osmosis technology (SWRO), all while drastically improving the supply of drinking water in Saudi Arabia. The projected cost of producing desalinated water across these facilities is US$0.32 per cubic meter, making it one of the lowest tariffs for desalinated water in the Middle East. When the projects are complete, the production and supply of water will be doubled while energy costs will be significantly reduced by US$2.34 billion annually across all facilities.

“In arid regions such as the Kingdom of Saudi Arabia, the dependable and efficient production of potable water is tantamount,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “The unique design of Energy Recovery’s PX makes it the most durable, reliable, and economical solution for desalination plants that must phase out costly and outdated multistage flashing technologies. Coupled with our PowerTrain solution, customers are assured optimal production of water, all while saving money and reducing the environmental impacts that come with wasted energy.”

Energy Recovery’s PX reduces energy use by up to 60% in SWRO facilities and provides the lowest lifecycle cost of any energy recovery device available on the market – significant savings that make SWRO desalination an attractive option to governments seeking to drought-proof their water infrastructure. The PX PowerTrain is a custom manifold solution, simplifying the integration of PX devices in a facility. 

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; and our belief that our technology is the most durable, reliable and economic solution for desalination plants.. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

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SAN LEANDRO, Calif. — Oct. 26, 2021 — Energy Recovery (NASDAQ: ERII) today announced contract awards totaling more than $21.9 million for its PX® Pressure Exchanger® (PX) energy recovery devices and related equipment and services for seawater reverse osmosis desalination (SWRO) plants in the Kingdom of Saudi Arabia.  The orders are expected to ship through Q2 of 2022, and the plants will be able to produce a combined total over one million cubic meters of water per day (m³/day).

Energy Recovery’s PX reduces energy use by up to 60% in SWRO facilities and provides the lowest lifecycle cost of any energy recovery device available on the market – significant savings that make SWRO desalination an attractive option to governments seeking to build a more robust water supply strategy. The Kingdom of Saudi Arabia, which has a population of about 33.4 million, is the world’s third largest per capita consumer of water after the United States and Canada. Safe and reliable water is essential for the region, and the SWRO plants leveraging the industry-leading PX will support that essential need.

“Climate change and industrial wastewater pollution both impact an increasingly strained water supply in the world’s most arid regions,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “Our customers trust Energy Recovery to provide best-in-class products and impeccable service for desalination and industrial wastewater treatment plants. The power and performance of our PX has been proved time and again in the Kingdom of Saudi Arabia where we have 24 mega project sized facilities that provide a total of 8 million m3/day of essential clean water.”

The unique design of the PX provides unparalleled reliability and performance for desalination facilities. The ceramic core at the heart of each PX is composed of four simple components and only one rotating part. The powerful and efficient system requires no scheduled maintenance over the lifetime of a plant and helps ensure uninterrupted operations as well as significant energy savings. Energy Recovery estimates that the PXs supplied to the plants will prevent more than 490,810 metric tons of carbon dioxide emissions per year, equivalent to removing more than 106,741 passenger vehicles from the road annually.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; our belief that our technology provides the lowest lifecycle cost of any energy recovery device available on the market; our belief that the PX provides unparalleled performance and reliability for desalination plants;  and estimates of the reduction in these facilities annual carbon dioxide emissions. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

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SAN LEANDRO, Calif. — June 8, 2021 — Energy Recovery (NASDAQ: ERII) today announced contract awards totaling over $13.8 million for its PX® Pressure Exchanger® (PX) energy recovery devices and PX PowerTrain™ system, supporting the construction of the Sorek B Seawater Reverse Osmosis Desalination (SWRO) Plant led by IDE Technologies. The order is expected to ship between Q3 and Q4 of this year.

Once completed, the Sorek B Plant will be the largest SWRO plant in Israel and one of the largest facilities in the world, producing 200 million cubic meters per year. The plant is expected to be commissioned between Q3 2022 and Q1 2023.

“Like many nations along the Mediterranean coastline, Israel has recently experienced unprecedented droughts leading to significant strain on the country’s fresh water supplies,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “We are extremely proud to supply our trusted PX technology to the Sorek B Plant and to support the deployment of drought-proof water solutions in the region. We are confident our technology provides the lowest lifecycle cost of any energy recovery device available on the market while significantly reducing energy use and emissions.”  

“Energy Recovery’s pressure exchanger technology is already a trusted global standard. The addition of the PX PowerTrain makes the deployment of the PX even more streamline, allowing us to meet tight project timelines reliably,” said Gregory Shtelman, Partnership Deputy Manager and Desalination Project Manager at IDE. “The PX PowerTrain system, Energy Recovery’s knowledgeable team, and our experience working with the company on previous projects made Energy Recovery the easy choice. IDE Technologies is proud to partner with Energy Recovery in providing comprehensive water solutions to regions in need, and to empower ground-breaking facilities like our Sorek B Plant.”

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; and our belief that our technology provides the lowest lifecycle cost of any energy recovery device available on the market. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

About IDE Technologies

A world leader provider of desalination and water treatment solutions, IDE specializes in the development, engineering, construction and operation of some of the world’s largest and most advanced thermal and membrane desalination facilities and industrial water treatment plants. IDE partners with a wide range of customers – municipalities, oil & gas, mining, refineries and power plants – on all aspects of water projects, and delivers approximately 3 million m3/day of high-quality water worldwide.

For more information, visit www.ide-tech.com.

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SAN LEANDRO, CA / ACCESSWIRE / March 18, 2021 / Energy Recovery (NASDAQ:ERII) today announced contract awards totaling $11.7 million to provide its flagship PX® Pressure Exchanger® (“PX”) energy recovery devices and related equipment and services to multiple seawater reverse osmosis (“SWRO”) desalination facilities in the United Arab Emirates (“UAE”). These orders are currently shipping to customers and are scheduled to be fulfilled by Q2 2021.

Energy Recovery estimates the PXs supplied to these facilities will prevent more than 400,000 metric tons of carbon dioxide emissions per year, equivalent to removing more than 90,000 passenger vehicles from the road annually. The facilities will collectively produce over 680,000 cubic meters of water per day.

These SWRO facilities are part of a larger initiative to expand sustainable access to clean water throughout the UAE under the country’s Water Security Strategy 2036. Seawater desalination is critical to meeting water demand in the Middle East, contributing to more than 90 percent of all daily water requirements for the region.

“These contracts are another testament to the strength of our core seawater desalination business and the continued demand we see in the Middle East. In Abu Dhabi, for example, SWRO constituted 16 percent of the Emirate’s total desalination technology mix in 2019, an increase of five percent since 2016, with thermal desalination making up the remaining 84 percent,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “We expect the share of SWRO to continue increasing, driven both by conversions of ageing thermal facilities to more economical SWRO technology and by new build facilities such as Abu Dhabi’s Taweelah Reverse Osmosis Independent Water Project, which will be the world’s largest SWRO facility once completed.”

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates of the reduction in these facilities annual carbon dioxide emissions; the Company’s belief that demand will continue in the Middle East; and the Company’s belief that SWRO’s share of the desalination market will continue to grow. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2019 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business advancing the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

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SAN LEANDRO, CA / ACCESSWIRE / July 14, 2020 / Energy Recovery, Inc. (NASDAQ:ERII) today announced project awards totaling $20.9 million, including a contract for the 400,000 cubic meters per day (“m³/day”) Al Jubail II Seawater Reverse Osmosis (“SWRO”) facility (“Jubail II”). Jubail II will replace the thermal capacity of the 136,000 m³/day Jubail I thermal desalination facility.

“This project, one of the largest contracts in Company history, is another marker of the strength of our business, even in the toughest of times,” said Robert Mao, Energy Recovery Chairman of the Board and President and CEO. “As the desalination market continues transitioning from thermal to SWRO technology, and as we see projects increasing in size, demand for our technology continues to grow as well.”

Energy Recovery will supply several hundred PX® Pressure Exchanger® devices (“PX”) to Jubail II project developer Metito Overseas Ltd. (“Metito”), a global leader and provider of choice for sustainable water management solutions.

“We needed a partner whose product would further our mission of creating sustainable water solutions – and Energy Recovery checked every box,” said Assem Zakaria, Senior Projects Manager, Metito. “Their PX devices provide the significant energy savings that we needed, as well as the assurance of a long, reliable lifecycle.”

Jubail II is expected to deliver operational cost savings of approximately SAR 5.7 billion (USD $1.5 billion) over the decade following its commissioning compared to the Jubail I project, according to analysis firm Global Water Intelligence. The facility is scheduled to be commissioned in 2021 and will serve the municipal water needs of Riyadh, the capital of Saudi Arabia.

“For more than two decades, our valued customers have trusted us to make SWRO desalination less energy intensive and more economically feasible. As one of the earliest adopters of our technology, our partners Metito are a prime example of our long-lasting and sustained performance in the region,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “The Jubail II project also underscores that thermal to SWRO replacement projects in the Middle East are often not a one-for-one capacity replacement. These large SWRO plants are typically larger than the thermal plants they replace, bringing online additional new capacity to keep pace with growing water demand.”

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our belief that the desalination market will continue to transition from thermal to SWRO technology, our belief that demand for our products will continue to grow, and our belief that we are producing the best energy recovery solutions available to efficiently deliver fresh water. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

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SAN LEANDRO, Calif. — April 22, 2020 — Energy Recovery, Inc. (NASDAQ: ERII) today announced new project awards totaling over $2.5 million. The Company will supply PX® Pressure Exchanger® devices (“PX”) and related equipment and services to multiple desalination facilities in China with a combined capacity of more than 140,000 cubic meters per day, or more than 37 million gallons per day. 

“Despite the challenges presented by the global coronavirus pandemic, our team has adjusted rapidly, and we continue to win new projects, fulfill orders, and do everything in our power to support our customers. Our products play a key role in the operation of domestic and international water treatment infrastructure, supplying much-needed water to communities and businesses around the world. These projects, which will service China’s industrial sector, were awarded in March and April of this year as China’s coronavirus outbreak began reaching a more manageable level, and the country was beginning to open up. This makes me cautiously optimistic about the future,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer.  

The Asia-Pacific region is expected to be one of the fastest growing regions for desalination in the coming years. Throughout the region, rapid industrialization and urbanization have created a significant increase in the need for freshwater, and seawater reverse osmosis (“SWRO”) desalination can play a key part in meeting this demand. Oxfam, an alliance of NGOs focused on the alleviation of global poverty, recently singled out SWRO desalination as one of the most efficient methods to provide clean, potable water for communities in need in this region.  

“China was one of the earliest adopters of our PX Pressure Exchanger. For over 20 years we have viewed China as an exciting market, and it’s encouraging to see industry continuing to invest in desalination as the country slowly resumes business activities,” commented Rodney Clemente, Energy Recovery Senior Vice President of Water. “Thanks to innovations like our PX, SWRO is beginning to rival the cost of some traditional water management sources and is far more energy efficient today than in the past. Once these facilities are in operation, our PXs are expected recycle hydraulic energy equivalent to over 120 gigawatt hours of energy annually, an amount associated with approximately 70,000 metric tons of carbon emissions. These facilities add to our already strong presence in China, and we are proud to continue to be the technology of choice and an integral part of China’s rich desalination past, present and future.” 

About Energy Recovery 

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com. 

Forward-Looking Statements 

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the amount of hydraulic energy our devices will recycle, our expectation that the Asia Pacific region will be one of the fastest growing regions for desalination and our ability to supply such growth. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise. 

Contact 

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SAN LEANDRO, Calif. — April 7, 2020 — Energy Recovery, Inc. (NASDAQ: ERII) today announced awards of USD $8.3M to supply its PX® Pressure Exchanger® devices (“PX”) and related equipment and services to multiple desalination projects in Egypt.

“Energy Recovery prides itself on being a trusted partner to the desalination industry, and we remain dedicated to serving our customers as we adjust to the impacts of COVID-19. The reputation of our PX and its lifetime value proposition are unmatched, and we are focused on fulfilling orders from existing inventory as well as booking new orders. Desalination plants are a critical part of the fresh water infrastructure of many countries, and we are proud to play our part in delivering affordable, clean water to the people of Egypt,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer.

The desalination plants included in this award will have a collective capacity of 290,000 cubic meters per day. Once the plants are in operation, Energy Recovery’s PX devices are expected to recycle hydraulic energy equivalent to over 300 gigawatt hours of energy annually, an amount associated with approximately 200,000 metric tons of carbon emissions.

“Egypt’s population is growing quickly, and, according to the United Nations, the country’s per capita share of fresh water means it is on the verge of absolute water scarcity. Egypt has identified desalination as part of its strategy to improve freshwater security, as desalination offers a cost-effective means to diversify supply beyond variable sources such as the Nile River,” commented Rodney Clemente, Energy Recovery Senior Vice President of Water. “The country is amidst an aggressive build-out of desalination facilities that is likely to continue at least through 2024 and exceed over 1 million cubic meters per day of new capacity for the municipal sector alone. Energy Recovery has been awarded seven mega-plants (plants exceeding 50,000m3/d) in Egypt to date, and we plan to continue to do our part to help Egypt meet these exciting challenges head-on.”

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the amount of hydraulic energy our devices will recycle. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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SAN LEANDRO, Calif. — March 12, 2020 — Energy Recovery, Inc. (NASDAQ: ERII) today announced awards of USD $23.5M to supply its PX® Pressure Exchanger® devices (“PX”) and related equipment and services to multiple desalination projects across the Middle East and North Africa. Shipments for these contracts are expected to begin Q1 2020 and continue throughout the first half of 2021. These awards include the largest contract in Energy Recovery’s history for the Taweelah Reverse Osmosis Independent Water Project (“Taweelah”), which will be the world’s largest seawater reverse osmosis desalination (“SWRO”) facility once completed.

“It is an honor to be included in this historic project. Greater scale and efficiency in water production is much needed, and we are proud to help lower the cost and carbon intensity of producing clean water for communities around the world,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer. “When announcing Taweelah, the Emirates Water and Electricity Company noted ‘a major driver for the adoption of reverse osmosis instead of thermal desalination is the higher energy efficiency it offers.’ Thanks in part to the energy savings delivered by our pressure exchanger technology, SWRO’s economic advantages over thermal desalination methods are clear and unlikely to change. With larger projects like Taweelah, using inefficient technology is all the more costly, and we expect to see decision makers continue to choose SWRO over thermal.”

Located near Abu Dhabi city, Taweelah will have a capacity of 909,200 cubic meters per day, 44% larger than the world’s current largest SWRO facility, and is expected to be operational in late 2022. The facility will support both industry and the general public and play a critical role in meeting Abu Dhabi’s peak water demand, which is projected to rise by 11% between 2017 and 2024.

Taweelah is expected to break efficiency records with record low energy consumption per cubic meter of water produced. Compared to the nearby Taweelah power and thermal desalination plant, which was built in phases between 1985 and 2002, Energy Recovery estimates that the Taweelah SWRO plant will deliver water at a contracted cost of less than half that of the original thermal plant. Once the Taweelah SWRO plant is in operation, Energy Recovery’s PX devices are expected to recycle hydraulic energy equivalent to over 900 gigawatt hours of energy annually, an amount associated with approximately 550,000 metric tons of carbon emissions.

“Taweelah is not only a major milestone for Energy Recovery but also for the entire SWRO industry. Historically, our industry’s Achilles’ heel has been the energy intensive nature of the reverse osmosis process. No longer – many factors, including innovations in energy recovery devices and reverse osmosis membranes and a technology shift from thermal desalination to reverse osmosis, have reduced costs such that desalination water production is beginning to rival traditional water management costs,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “We are proud to play our part in helping the SWRO industry continue to innovate, and we remain focused on reducing energy consumption and increasing system uptime and efficiency for our customers. The inclusion of our solutions in record-breaking SWRO projects demonstrates the scalability and reliability of our technology, as well as the deep expertise of our world class teams that support customers globally.”

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, our belief that the SWRO process is economically advantageous as compared to thermal desalination and that the trend from thermal desalination to SWRO will continue,  our belief that our technology will help achieve efficiency records and record low energy consumption, our belief that SWRO desalination rivals traditional water management costs and our expectation that customers will continue to turn to the PX. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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SAN LEANDRO, Calif. — December 5, 2019 — Energy Recovery, Inc. (NASDAQ: ERII) today announced total awards of $16.6 million (USD) to supply PX^® Pressure Exchangers^® (PX) and related equipment and services to multiple desalination facilities in the Middle East. The awards include Energy Recovery’s first contract to support the conversion of a mega-project (>50,000 cubic meters per day) thermal desalination facility to more cost-efficient seawater reverse osmosis (SWRO) desalination technology.

“These awards cap a record-breaking year for Energy Recovery, and we are pleased to see a trend we have long anticipated – the conversion of thermal desalination capacity to large-scale SWRO facilities – move from our pipeline to our backlog,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer. “Much of the Middle East’s installed capacity is thermal desalination, which was largely built before technologies like the PX greatly improved the economics of SWRO. As older thermal desalination facilities reach the end of their useful life, owners and operators are evaluating the path forward. These facilities are needed to maintain current water supply, so they cannot be decommissioned without a replacement plan. Longer-term, the current thermal capacity of more than 20 million cubic meters per day creates an additional layer of growth potential for Energy Recovery.”

Shipments for these awards are expected to begin in Q1 2020 and continue throughout 2020. Energy Recovery estimates the PXs supplied to these facilities will prevent more than 600,000 metric tons of carbon dioxide emissions per year. The facilities will collectively produce over 700,000 cubic meters of water per day.

“New-build SWRO facilities are driving economic development and providing much needed potable water across the Middle East. In parallel, older thermal facilities are almost universally choosing to replace or augment thermal production with SWRO technologies and are turning to Energy Recovery to help create a more cost- and carbon-efficient facility,” shared Energy Recovery Vice President of Water Rodney Clemente. “Although costs vary based on local conditions, thermal water production costs are on average two times higher than SWRO. Given these savings, even some newer thermal facilities with years of useful life remaining are evaluating a switch to SWRO. As this trend plays out in the coming years, we expect customers to continue to turn to the PX, which provides the lowest lifecycle cost of any energy recovery device on the market.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the water, oil & gas, and chemical processing industries. Energy Recovery products annually save customers $2 billion (USD) and eliminate more than 11.5 million metric tons of carbon dioxide emissions. Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, and our expectation that customers will continue to turn to the PX. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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SAN LEANDRO, Calif. — October 17, 2019 — Energy Recovery, Inc. (NASDAQ: ERII) today announced it will supply its PX^® Pressure Exchanger^® devices, along with related equipment and services, to three large-scale desalination facilities in the Middle East. The devices are expected to ship in Q1 and Q3 of 2020.

The $12.2M award includes a desalination facility that will support the 2022 FIFA World Cup, which will be held in Qatar. The country expects to host approximately 1.5 million visitors for the World Cup, which represents more than half the country’s current population of 2.7 million.

“As the Middle East prepares for the 2022 World Cup, we’re proud that our technology can help meet the region’s water needs and enable our customers to produce this critical resource in a more cost effective and sustainable way,” said Energy Recovery President and CEO Chris Gannon. “The desalination industry is experiencing a growth cycle that we now see extending further than we anticipated just a few years ago. Against the backdrop of this explosive growth, we are focused on executing against our historically strong backlog and pipeline and investing to grow our Water business.”

Energy Recovery estimates the PXs supplied to these facilities will prevent more than 400,000 metric tons of carbon dioxide emissions per year. The facilities will collectively produce over 700,000 cubic meters of water.

“We continue to win large-scale SWRO desalination projects in territories across the Middle East,” shared Energy Recovery Vice President of Water Rodney Clemente. “Our value proposition is centered around our ability to deliver the strongest economic benefit to our customers by having the lowest life cycle cost of any energy recovery solution available on the market today. With extremely predictable and reliable performance, unmatched durability and longevity, and our industry leading uptime advantage, our PX Pressure Exchanger continues to set the gold standard for ERDs serving the global SWRO desalination space.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the water, oil & gas, and chemical processing industries. Energy Recovery products annually save customers $2 billion (USD) and eliminate more than 11.5 million metric tons of carbon dioxide emissions. Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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SAN LEANDRO, Calif. — July 18, 2019 — Energy Recovery, Inc. (NASDAQ:ERII) announced total awards of $5.8 million (USD) to supply its PX^® Q300 Pressure Exchanger^® devices along with related equipment and services to multiple desalination facilities in the Kingdom of Saudi Arabia.

The devices are expected to ship in Q3 of 2019. These awards continue Energy Recovery’s growing footprint in the region. Earlier this year, the company announced separate desalination projects in Saudi Arabia worth $8.8 million, as well as projects in the United Arab Emirates and the Sultanate of Oman.

“Through our Water business, we continue to see opportunity and growth in the Middle East and across the globe,” said Energy Recovery President and CEO Chris Gannon. “As freshwater supply is strained by population growth, industrialization, rapid urbanization, and climate change, our energy recovery devices provide an innovative solution to help increase the supply and decrease the cost and carbon emissions associated with the production of critically needed freshwater. Today, our more than 20,000 devices installed worldwide help meet the daily water use of over 50 million people.”

Energy Recovery is the leader in pressure energy technology for industrial fluid flows. The company’s PX Pressure Exchanger (PX) is the most-installed energy recovery device for SWRO desalination facilities larger than 50,000 m3/d water capacity.

“We see a surge in SWRO desalination plant construction in the Middle East,” said Energy Recovery Vice President of Water Rodney Clemente. “This growth is a mixture of greenfield projects to increase local water supply and retrofits of existing desalination plants from thermal to SWRO technology. These existing plants are needed to maintain the status quo water supply, and as thermal desalination infrastructure ages in the region, facilities are noticing the cost savings SWRO provides – thanks in part to our PX – and investing in SWRO infrastructure.”

Energy Recovery estimates the PXs supplied to the Saudi Arabia desalination facilities will reduce power consumption for all projects by 31.7 megawatts, saving over 274 gigawatt hours of energy per year. The facilities will produce up to 246,000 cubic meters of water per day – enough freshwater to meet the daily consumption of approximately 400,000 people.

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the water, oil & gas, and chemical processing industries. Energy Recovery products annually save customers $2 billion (USD) and offset more than 11.5 million metric tons of carbon dioxide. Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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SAN LEANDRO, Calif. — April 25, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $3.3 million (USD) to supply its PX^® Q300 Pressure Exchanger^® devices along with related equipment and services to multiple desalination facilities across Asia.  The devices are expected to ship in Q2 of 2019.

“Our core Water business continues to build positive momentum.  We recently shipped our 20,000^th PX Pressure Exchanger unit, a major milestone for Energy Recovery, and we are poised to exceed last year’s record results,” said Energy Recovery President and CEO Chris Gannon.  “The seawater reverse osmosis (SWRO) desalination industry continues to evolve, and we are seeing a meaningful increase in project activity.  Importantly, the industry is in the fifth year of an upcycle, and we see no signs of it softening.”

Energy Recovery estimates the PX Pressure Exchangers supplied to these desalination facilities will reduce power consumption for all projects by 11.6 megawatts (MW), saving over 100 gigawatt hours (GWh) of energy per year.   The facilities will produce up to 162,400 cubic meters of water per day, equivalent to filling almost 65 Olympic-sized swimming pools daily¹.

“Asia is an emerging market for SWRO desalination, and we see growth opportunities in strategic territories across the region.  Faced with rising demands for fresh water, countries throughout Asia from China and India to Singapore are adopting SWRO desalination as part of a comprehensive, diversified water supply strategy,” said Energy Recovery Vice President of Water, Rodney Clemente.  “Singapore is representative of this growing trend, with five mega-scale SWRO desalination facilities currently either in production or under construction with aggressive plans in place to further move towards water independence.”

Sources

1 – Fédération Internationale de Natation (FINA) Facilities Rules

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, our ability to exceed last year’s results, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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SAN LEANDRO, Calif. — April 23, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the shipment of its 20,000th PX Pressure Exchanger unit.

“Our PX Pressure Exchangers have enabled our customers around the globe to reduce the operating costs and the environmental footprint of their water desalination operations.  Today, desalination plants using our technology produce enough fresh water to meet the daily consumption of approximately 52 million people,” said Energy Recovery President and CEO Chris Gannon. “The recent United Nations World Wide Water report found that water use has risen roughly one percent per year since the 1980s, and global potable water demands are expected to increase up to 30 percent by 2050.  Our role in reducing the cost of providing clean, fresh water and helping to meet these challenges is a source of pride for Energy Recovery, and we continue to innovate our product and solutions offerings in the water industry and beyond.”

The PX Pressure Exchanger, which was first introduced over 20 years ago, revolutionized the economics of seawater reverse osmosis (SWRO) desalination by recycling pressure energy that would otherwise be lost in the desalination process.  The technology reduces the energy costs of converting seawater to fresh water via SWRO desalination by up to 60 percent.  In 1997, Energy Recovery installed its first PX Pressure Exchanger in the Canary Islands.

“I started my career with Energy Recovery two decades ago when the PX Pressure Exchanger had just recently been commercialized.  At that time, we were at the very beginning of tapping into the technology’s game-changing potential for the emerging SWRO desalination industry.  Since commercialization, we have increased the performance, reliability, and durability of our technology while becoming the energy recovery solution of choice for SWRO plants of all sizes,” shared Energy Recovery Vice President of Water Rodney Clemente.  “From our humble beginning in Chesapeake, Virginia, we have now deployed our PX Pressure Exchanger technology across all seven continents, helping to produce over 17 million m³/d of fresh water.  We are truly humbled and extremely proud of this milestone, and we look forward to continuing to support our industry partners in bridging the gap between the global water supply and demand imbalances.”

Energy recovery devices like the PX Pressure Exchanger have greatly influenced the trajectory of the SWRO desalination industry.  An Energy Recovery-produced infographic exploring this history can be found here: https://energyrecovery.com/resource/how-have-energy-recovery-devices-influenced-swro-desalination/

Energy Recovery’s PX Pressure Exchanger technology provides a best-in-class energy recovery solution for SWRO desalination through high efficiency and unmatched reliability.  The technology is designed for any size reverse osmosis desalination plant, delivers the lowest lifecycle cost of any energy recovery device on the market, and operates at 98 percent efficiency.  To learn more about the PX Pressure Exchanger, visit https://energyrecovery.com/desalination/px-pressure-exchanger/

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

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ir@energyrecovery.com
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SAN LEANDRO, Calif. — March 28, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $8.8 million (USD) to supply its PX^® Q300 Pressure Exchanger^® devices to multiple desalination facilities in the Kingdom of Saudi Arabia.  The devices are expected to ship in Q2 of 2019.

“I am thrilled with the strong performance of our water business.  We currently have the most significant backlog and pipeline in the Company’s history, with activity and awards spanning 2019 and 2020,” said Energy Recovery President and CEO Chris Gannon.  “Project activity continues to expand with little signs of slowing, driven in part by growing global demand for potable water.  In order to support the increasing level of activity we see this year and beyond, we are proactively investing in our water operations to materially increase manufacturing capacity this year.”

Energy Recovery estimates the PX Pressure Exchangers supplied to these desalination facilities will reduce power consumption for all projects by 54.3 megawatts (MW), saving over 469 gigawatt hours (GWh) of energy per year.   The facilities will produce up to 380,000 cubic meters of water per day, equivalent to filling more than 150 Olympic-sized swimming pools daily¹.

“The Middle East and surrounding nations continue to lead the way in seawater reverse osmosis desalination growth.  I am proud of our team’s strong relationships with our long-term customers in the region, all of whom value our high-efficiency products and services,” said Energy Recovery Vice President of Water Rodney Clemente.  “We are pleased that the industry has recognized our PX Pressure Exchanger technology as the technology of choice for their energy recovery needs, and we look forward to supporting our partners in executing these critical projects.”

Sources
1 – Fédération Internationale de Natation (FINA) Facilities Rules

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, strength of our backlog and pipeline, our ability to increase our manufacturing capacity to meet growing demand, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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###

SAN LEANDRO, Calif. — February 21, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4.9 million to supply its PX^® Pressure Exchanger^® technology for desalination projects in the United Arab Emirates (UAE).  Energy Recovery’s PX-Q300 Pressure Exchangers are expected to ship in Q1 of 2019 to multiple desalination facilities included in this project award.

“We expect strong results this year in our water business, which continues to provide high-efficiency energy recovery and pumping solutions to the growing seawater reverse osmosis desalination market,” said Chris Gannon, President and CEO of Energy Recovery.  “Seawater reverse osmosis desalination is critical to meeting fresh water needs in regions that experience water scarcity.  In Dubai, the most populous city in the UAE, desalination meets more than 99 percent of the city’s water needs¹.”

The PX Q300 Pressure Exchanger, part of Energy Recovery’s PX Q Series line, operates more quietly than the standard PX product line while delivering valuable energy savings to customers.  Energy Recovery estimates the PX Pressure Exchangers supplied to these desalination facilities will reduce power consumption for all projects by 21.7 megawatts (MW), saving over 187 gigawatt hours (GWh) of energy per year.  The energy savings are approximately equivalent to the total electricity consumed by Dubai over one and a half days².  The facilities will produce up to 218,000 cubic meters of water per day, comparable to filling more than 87 Olympic-sized swimming pools on a daily basis³.

“This strong wave of project activity underscores the significant operational savings that customers enjoy from our PX Pressure Exchanger technology,” added Rodney Clemente, Vice President, Water with Energy Recovery.  “The desalination universe continues to revolve around the Middle East, and I am proud of our team’s ability to leverage our unmatched reference list in the region to execute these large-scale projects.  We remain focused on driving long-term value for our customers globally via our technology and commercial and technical support services.”

Sources

1, 2 – Dubai Water & Power Authority 2017 Annual Statistics
3 – Fédération Internationale de Natation (FINA) Facilities Rules

About Energy Recovery, Inc.

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, strength of results in 2019, reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
(281) 962-8105

Press Inquiries
pr@energyrecovery.com
(510) 398-2147

SAN LEANDRO, Calif. — January 24, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4.4 million (USD) to supply its PX^® Pressure Exchanger^® technology for desalination projects in the Sultanate of Oman.  These desalination projects are expected to ship in Q2 and Q3 of 2019.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will collectively produce up to 200,000 cubic meters (m³) of water per day, the equivalent of filling 80 Olympic-size swimming pools.  Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 16 MW, saving over 138 GWh of energy per year and helping the facilities avoid over 82,800 tons of CO₂ emissions per year.

Chris Gannon, Energy Recovery’s President and CEO, stated, “This award is a strong start to 2019, which is shaping up as a high-growth year for our water business based on our current backlog and pipeline.  We are continuing to see growth in the global desalination market, in part because desalination offers one solution to the growing water scarcity in different parts of the world.  Among other impacts, scarcity can threaten economic growth because water is a core ingredient of many industrial processes.”

Rodney Clemente, Energy Recovery’s Vice President, Water, added, “We have seen unprecedented large-scale desalination activity in the Sultanate of Oman over the past five years.  I am proud that Energy Recovery’s PX, turbocharger devices and pumping technologies can be found in many SWRO facilities in-country, representing nearly 1 million m³/day of installed capacity.  Our attractive life-cycle-cost value proposition and ability to deliver meaningful energy savings continues to resonate with our valued customers.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.9 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, and the potential of 2019 being a high-growth year for our water business.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements.  All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
(281) 962-8105

SAN LEANDRO, Calif.—December 06, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.7 million to supply its PX^® Pressure Exchanger^® technology for desalination projects in Chile. These desalination projects will be used specifically in the mining process and are expected to ship in the fourth quarter of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will produce up to 148,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 12.7 MW, saving over 110 GWh of energy per year, and helping the facilities avoid over 65,740 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Chris Gannon stated, “2018 is shaping up to be a potential record year thanks to the continued success of our PX Pressure Exchanger and the value it generates for our customers. These recent awards in Chile confirm the efficacy and strength of the PX technology.  We are excited about the growth opportunities for our Water business and the continued strength and activity level for desalination throughout 2018 and into 2019. Moving forward we will continue to aggressively pursue tactical initiatives across the broader water industry.”

Rodney Clemente, Energy Recovery’s Vice President, Water, added, “Energy Recovery has had its eye fixed on Chile as a strategic market and accordingly has positioned our company to assist these facilities in maximizing the overall profitability of their operations through an increased understanding of the critical mining-water nexus. Energy Recovery’s PX Pressure Exchanger technology has the lowest-life-cycle cost of any energy recovery device on the market today, and this industry-leading value proposition resonates well with both our customers and end-users in Chile. More specifically, our uptime advantage in mining applications is unmatched – vitally important when every day of downtime translates to millions of lost dollars for our customers. We are excited to add another critical project to our successful global reference list.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, the potential of 2018 being a record year, grown opportunities throughout 2018 and 2019, and the Company’s pursuit of tactical initiatives across the broader water industry. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
(281) 962-8105

SAN LEANDRO, Calif.—July 25, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced a $3.3 million award to supply its PX® Pressure Exchanger® for a water project in Egypt. The order is expected to ship in the fourth quarter of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers, which will produce up to 106,560 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facility’s power consumption by 16 MW, saving over 139 GWh of energy per year, and helping the facility avoid over 83,500 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Chris Gannon stated, “This and other recent awards instill further confidence in the strength of our water business through the second half of 2018 continuing into 2019. North Africa remains a key market for desalination, and thanks to the tireless efforts of our water team and the excellence of our Pressure Exchanger technology we continue to see success in both mega project and OEM awards in the region.”

Rodney Clemente, Energy Recovery’s Vice President, Water, added, “Egypt continues to be a global leader in desalination and was an early adopter of Energy Recovery’s technology. Since deploying our industry-leading PX Pressure Exchanger technology, which offers the lowest lifecycle costs of any energy recovery device on the market, we have successfully captured 100% mega project market share in-country with 550,000 cubic meters per day of installed capacity. We continue to track developments in regional infrastructure and are excited for the additional opportunities to support Egypt’s aggressive growth strategy into the future.”

About Energy Recovery
Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements
Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, the Company’s belief in the strength of the Company’s water business in 2018 and 2019 and our ability to unlock emerging market opportunities. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

SAN LEANDRO, Calif.—March 27, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $10.1 million to supply its PX^® Pressure Exchanger^®, and pump technologies for water projects in Saudi Arabia. The orders are expected to ship in the second and third quarters of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers, VPXP^TM circulation pumps and AquaBold^TM high pressure pumps for multiple desalination facilities, which will produce up to 470,000 cubic meters of water per day.  Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 50 MW, saving over 431 GWh of energy per year, and helping the facilities avoid over 258,000 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Chris Gannon stated, “Megaprojects and the Middle East remain key indicators as to the health of the overall water market, and we see continued strength throughout 2018 and into 2019.  We remain focused on maximizing customer value with end-to-end recovery solutions that combine our PX Pressure Exchanger and pump technologies in a single comprehensive offering, as seen in these recent awards.”

Rodney Clemente, Energy Recovery’s Vice President, Water, added, “Historically, the Saudi Arabian market was difficult for membrane desalination technologies to penetrate as low-cost, local power enabled technologies such as thermal desalination to initially gain majority market share. Due to advancements in seawater reverse osmosis technologies and increased awareness in energy preservation, there has been a shift from thermal desalination to seawater reverse osmosis solutions. We first deployed our PX Pressure Exchanger Technology into Saudi Arabia in 2013, and over the past 5 years we have captured 8 mega project references. Energy Recovery is positioned to unlock emerging market opportunities and remains focused on maintaining market position in critical countries like the Kingdom of Saudi Arabia.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, the Company’s ability to unlock emerging market opportunities and market share expectations. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

SAN LEANDRO, Calif.—March 15, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4 million to supply its PX^® Pressure Exchanger^® technology for desalination projects in Egypt. The orders are expected to ship in the 1^st half of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple desalination facilities in Egypt, which will produce up to 160,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facilities’ combined power consumption by 15.6 MW, saving over 134.5 GWh of energy per year, and helping the facilities avoid over 80,400 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Chris Gannon stated, “These recent awards are the direct result of the dedicated efforts of our water team and an indication of Energy Recovery’s continuing strength in the global desalination market. As we have emphasized in our most recent earnings call, we are laser-focused throughout 2018 on supporting and growing our desalination business and unlocking previously untapped market potential through packaged solutions and offerings like the Prime Performance Energy Services Agreement.”

Rodney Clemente, Energy Recovery’s Vice President, Global Desalination Sales Operations, added, “We have and will continue to target Egypt as a strategic territory for Energy Recovery. The country was one of the earliest adopters of our industry-leading PX Pressure Exchanger technology with our first units in the country deployed approximately 15 years ago. Our innovative solutions put us in an excellent position to leverage Egypt’s planned growth in desalination, and we will continue to support our local strategic partners and customers in the region through the tireless efforts of our Sales and Service teams.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, our ability to grow our desalination business and unlocking untapped market potential, our ability to offer packaged solutions and the Prime Performance Energy Services Agreement, and our ability to leverage Egypt’s planned growth in desalination. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

SAN LEANDRO, Calif.—February 21, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $6.2 million to supply its PX^TM Pressure Exchanger^TM technology for desalination projects in Saudi Arabia. The orders are expected to ship in the 1^st half of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will produce up to 305,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 33.7 MW, saving over 291 GWh of energy per year, and helping the facilities avoid over 174,000 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “The Middle East remains a key market for Energy Recovery and an indication of continuing strength in the global desalination market throughout 2018.  Saudi Arabia has prioritized the reallocation of economic resources, with potable water and desalination of particular focus.  As evidenced by this latest award, Energy Recovery is a direct beneficiary of said shift in focus and will continue to deliver our best-in-class technology and solutions throughout the global desalination market to enable customers to maximize operational efficiency while minimizing total life-cycle cost.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology and market share expectations. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

SAN LEANDRO, Calif.—February 14, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.9 million to supply its PX^TM Pressure Exchanger^TM technology for desalination projects in Asia. The orders are expected to ship in the 2^nd quarter of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will produce up to 170,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the plants’ power consumption for all projects by 14.1 MW, saving over 121.9 GWh of energy per year, and helping the facilities avoid over 72,850 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “Energy Recovery is steadfastly focused on delivering its state-of-the-art PX technology to enable customers to maximize efficiency and dependability, all while shoring up our position as the global desalination leader in energy recovery.  We are excited about the outlook for the desalination market in 2018 and see these significant awards in key markets such as Asia as further validation of the technology and strength of our core, cash generating desalination business line.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology and market share expectations. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer

buhlmer@energyrecovery.com

(713) 858-2284

###

SAN LEANDRO, Calif.—April 24, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of roughly $3 million to supply its PX^TM Pressure Exchanger^TM technology to retrofit several desalination plants in Europe. The orders are expected to ship in the in the second half of 2017.

Energy Recovery will supply its PX-Q300 and PX-Q260 Pressure Exchanger devices for the plants, replacing existing turbine technology. The projects will collectively produce a total of up to 133,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce power consumption for all projects by 2.5 MW, saving over 21.4 GWh of energy per year, and helping the plants avoid more than 12,000 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “These awards are yet another proof point around our technological leadership within the global desalination market. We will continue to aggressively attack the brownfield retrofit market, targeting plants with legacy solutions thereby continuing to grow our share of the desalination wallet and execute against our long term strategy. The PX Prime^TM and Prime Performance Energy Services Agreement, or ESA, will be yet another tool in our repertoire which we will utilize to unseat the competition and provide the premier energy recovery solutions to our ever-growing customer base.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.8 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 8, 2017 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

SAN LEANDRO, Calif.—February 22, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.36 million to supply its PX^TM Pressure Exchanger^TM technology for desalination projects in India. The orders are expected to ship in the first half of 2017.

Energy Recovery will supply its PX-Q300 Pressure Exchanger devices for several plants, which will produce up to 64,000 total cubic meters of water per day. Energy Recovery estimates the PX devices will reduce power consumption for all projects by 9.6 MW, saving over 82.9 GWh of energy per year, and helping them avoid 49,558 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “We remain bullish on the desalination market in India and believe these awards signify this critical market is opening up. We are dedicated to providing the best energy recovery solutions to the global desalination market, with particular focus on those regions which face the greatest challenges related to water scarcity. India is in drastic need for potable water, and we at Energy Recovery are poised to support the more widespread use of desalination there through our industry-leading energy recovery solutions.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.8 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

SAN LEANDRO, Calif.—January 18, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the signing of a master agreement with Düchting Pumpen, a German-based pump manufacturer. The agreement will launch a collaborative partnership between the two companies, and will package Energy Recovery’s latest Pressure Exchanger technology with Düchting Pumpen’s pumping solutions to provide an all-encompassing energy recovery solution for customers in desalination.

The partnership’s packaged solution will be provided through an Energy Services Agreement (“ESA”), specifically the Prime Performance ESA, which includes the launch of the next generation of Pressure Exchanger, the PX Prime. The PX Prime offers the highest energy efficiency in the industry with added performance upgrades, including less fluid mixing.

Energy Recovery’s President and CEO Joel Gay said, “Innovation is central to our Company’s DNA. Energy Recovery’s newly formed partnership with Düchting Pumpen is yet another conduit for value-creating innovation to the market and will further our position as the dominant player in the global desalination industry. Just as we redefined the technology standard nearly 20 years ago with the introduction of our flagship Pressure Exchanger, the Prime Performance Energy Services Agreement could very well emerge as the procurement standard of the future. The multi-faceted synergies realized through our partnership with Düchting Pumpen, namely a complete, flawless delivery system of the industry’s best technology, service and support will lend significantly to this potential industry shift. By utilizing the Prime Performance ESA as a vehicle for delivery, we have eliminated a significant barrier to entry for those customers who seek plant optimization but are unable to secure financing. We have often discussed the cyclicality and relative lack of size of our total addressable market within desalination. The Prime Performance ESA and newly formed partnership with Düchting Pumpen could increase the attractiveness of the desalination market by availing the Company of significant retrofit opportunities and the potential of recurring and more predictable revenue streams. In short, the partnership between Energy Recovery and Düchting Pumpen to deliver the Prime Performance ESA is a natural evolution in the way we approach the desalination business.”

The Prime Performance Energy Services Agreement will work by packaging the desalination industry’s best energy recovery technology, namely the PX Prime, with installation, service and maintenance for the energy recovery solution. With this new, state-of-the-art solution, customers will enjoy savings in the form of maintenance costs (for both old and new equipment) and energy savings. The agreement will allow customers to use this technology without requiring any substantial upfront costs. Instead, customers will pay for the technology over time through a percentage of the total savings that the solution generates.

Düchting Pumpen will provide their pumps, which when paired with PX technology, will allow seamless integration into existing installations. With roots back to 1938 across three generations, Düchting Pumpen has decades of expertise in advanced centrifugal pumps for reverse osmosis desalination, and is already a leading provider of pumping equipment for the global water industry.

Dr. Carsten Düchting, CEO of Düchting Pumpen, said, “We look forward to continuing our partnership with Energy Recovery to deliver a unique solution that includes both industry-leading energy recovery and pumping equipment. We are excited at the prospect of accessing a new segment of the desalination market with this new solution.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

About Düchting Pumpen

Düchting Pumpen is a third-generation, privately owned company with headquarters in the Ruhr area of Germany. Düchting Pumpen was founded in 1938 and has extensive experience in the field of advanced centrifugal pumps across a spectrum of industries to include desalination reverse osmosis, gas desulphurization industry, mining, and chemical pigment. The company’s motto of “Customized Solutions – No exception but our standard” forms the basis for their sophisticated range of products and capabilities in the design, manufacture, testing, and commissioning of single and multi-stage centrifugal pumps.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the adoption of the ESA as a procurement model within the industry, the materialization of retrofit opportunities, the potential or recurring and more predictable revenue streams, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

SAN LEANDRO, Calif.—December 7, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4.4 million to supply its PX^TM Pressure Exchanger^TM technology for desalination projects in North Africa. The orders are expected to ship in the first half of 2017.

Energy Recovery will supply its PX-Q300 Pressure Exchanger devices for the plants, which will produce a total of up to 170,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the power consumption for all projects by 19.7 MW, saving over 170 GWh of energy per year, and helping them avoid 102,000 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “As we look to the end of 2016, we are committed to driving our sales in desalination, with a focus on key regions such as the Middle East and North Africa. These new awards fortify our position as the world leader in energy recovery technology for desalination, and we will continue to push ourselves to ensure that desalination plants around the globe have access to the industry’s most efficient and most reliable energy recovery technology.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

SAN LEANDRO, Calif.—November 29, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that the company has been awarded another brownfield retrofit opportunity to install its industry leading PX^TM Pressure Exchanger^TM technology. The retrofit, located in the Middle East, marks the first time the Company will retrofit a plant using technology produced by Isobarix, which intended but failed to replicate the proprietary Pressure Exchanger solution. It is expected to ship in the 4th quarter of 2016.

The plant selected Energy Recovery to supply its Q-Series PX devices to replace the Isobarix technology, which has caused unacceptable levels of noise and vibration, as well as high maintenance costs. Energy Recovery’s PX devices will allow the plant to lower costs and enhance performance around noise, vibration, and safety.

Offering an industry-best return on investment, and designed to run with the highest efficiency and availability in the desalination industry, Energy Recovery will continue to seek out opportunities to retrofit small, medium and large-scale facilities around the globe.

Energy Recovery’s President and CEO Joel Gay stated, “This plant retrofit is a particularly seminal moment in the Company’s history and furthers our position of technology leadership within the global desalination market. A core tenant of our strategy in this segment is to target plants with inferior technology, demonstrate the superiority of our offerings, upgrade the plant and add to the portfolio of customers who are Pressure Exchanger loyalists. Isobarix’s technology operates under similar fluid physics principles as our flagship Pressure Exchanger but with decreased efficiency, reliability and performance. That we were able to unseat copycat and indeed inferior technology solidifies Energy Recovery’s pole position in the ongoing technology race within not only the global desalination market, but all core markets in which we arbitrage pressure energy and preserve pumping assets. In the past, we have believed that at least one Isobarix product infringes on certain of our intellectual property and this retrofit provides us with a further opportunity to investigate our belief and potentially discover other potential infringements. We will continue to aggressively execute against our long-term strategy with an increasing focus on protecting our intellectual property from those who would seek to otherwise usurp it.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

SAN LEANDRO, Calif.—November 2, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.8 million to supply its PX^TM Pressure Exchanger^TM technology for desalination projects in India. The orders are expected to ship in 2016.

Energy Recovery will supply its PX-Q300 Pressure Exchanger devices for the plants, which will produce up to 95,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the power consumption for the projects by 12.4 MW, saving over 108 GWh of energy per year, and help them avoid 64,000 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “As we near the end of 2016, we continue to fulfill our promise that this is a year of execution at Energy Recovery. We have committed to expanding our global reach in desalination, and these new deals in India allow us to offer our technology in a key emerging region that has a critical need for potable water. Following our recent awards in the Middle East, we continue to prove that Energy Recovery produces the world’s leading energy recovery technology.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

SAN LEANDRO, Calif.—October 31, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.7 million to supply its PX^TM Pressure Exchanger^TM technology for desalination projects in the Middle East. The orders are expected to ship in 2017.

Energy Recovery will supply its PX-Q300 & PX-Q260 Pressure Exchanger devices for the plants, which will produce up to 114,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the power consumption for the projects by 14.5 MW, saving over 125 GWh of energy per year, and help them avoid 74,800 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “Energy Recovery’s strategy for 2016 included a tenacious focus on the Middle East as a critical region for our desalination business. With these awards, we continue to deliver on our promise to expand our presence in the region and maintain our position as the global leader in energy recovery technology.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

SAN LEANDRO, Calif.—June 15, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.4 million to supply its PX^TM Pressure Exchanger^TM technology for three desalination projects in North Africa. Two of the orders will ship in the second quarter of 2016 and the third is expected to ship in the fourth quarter of 2016.

Energy Recovery will supply its Pressure Exchanger devices and pumps to the plants, which will produce up to 95,000 cubic meters of water per day. Energy Recovery estimates the devices will reduce the power consumption for all three projects by 10.5 MW, saving over 90 GWh of energy per year, and help them avoid 54,000 of CO₂ emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “We are extremely proud of our company’s work in North Africa, where we continue to deploy installations of our Pressure Exchanger to help bolster critical water resources in the region. This continues our momentum to build our ever-increasing market share among major desalination projects around the world.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact:

Alex Dolan
adolan@energyrecovery.com
510-746-2574

SAN LEANDRO, Calif.—June 03, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $5.4 million to supply its PX^TM Pressure Exchanger^TM technology for desalination projects in the Middle East. The orders are expected to ship primarily in the first quarter of 2017.

Energy Recovery will supply its PX-Q300 & PX-260 Pressure Exchanger devices for the plants, which will produce up to 300,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the power consumption for the projects by 31.4 MW, saving over 275 GWh of energy per year, and help them avoid 165,000 tons of CO₂ emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “As we forecasted our performance for 2016, we predicted the company would aggressively secure new contracts for mega projects in key regions such as the Middle East and North Africa. These deals confirm that we are delivering on our plans to increase our presence in these regions and bolster our market share among major projects. We will continue to pursue this year as one of focus, performance and execution.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact:

Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

###

SAN LEANDRO, Calif.—May 26, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced several awards for a total $2 million to supply its technology for desalination projects in China. All are expected to ship in 2016.

Energy Recovery will supply its devices, including its PX^TM Pressure Exchanger^TM, for multiple seawater reverse osmosis plants, which will collectively produce up to 80,000 cubic meters of water per day. Energy Recovery estimates its devices will reduce power consumption for all projects by 9.2 MW, saving over 80 GWh of energy per year, and helping avoid 48,000 metric tons of CO₂ emissions per year when operating at full capacity.

Energy Recovery’s President and CEO Joel Gay stated, “Energy Recovery continues to demonstrate its leadership in providing energy recovery solutions for the desalination market in China and around the globe. These projects, along with several other recent wins, confirm our outlook for new growth in this market.   We are fully prepared to take advantage of this and we’re committed to further building our leadership position in water desalination even as we continue expansion into other new markets and industries.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our expectations for commercialization of technologies through the development of new applications and in new industries and for our long term strategy generally. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements.

Contact:

Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

SAN LEANDRO, Calif.—May 25, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced several new awards for a total of $4.2 million to supply its technology for multiple desalination projects in the Asia Pacific region. All are expected to ship in 2016.

Energy Recovery will supply its devices, including its PX^TM Pressure Exchanger^TM, for multiple seawater reverse osmosis plants, which will collectively produce up to 200,000 cubic meters of water per day. Energy Recovery estimates its technology will reduce power consumption for the combined projects by 23 MW, saving over 200 GWh of energy per year. Due to the substantially reduced power requirements, approximately 120,000 metric tons of CO₂ emissions can be saved per year when operating at full capacity.

Energy Recovery’s President and CEO Joel Gay stated, “These new wins confirm our commitment to vigilantly pursue and secure projects that expand our reach in desalination. Our team continues to deliver as we reinforce our dominant position as the industry’s leading energy recovery solutions provider. While Energy Recovery has recently expanded into new markets in upstream oil and gas and downstream gas processing, the water desalination market continues to be a core segment of the business. With significant new investments being made globally in the desalination industry, it is a market where we expect to see further growth and continued Energy Recovery leadership.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about our expectations as to estimated shipment dates are forward looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

FTI Consulting
Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

###

SAN LEANDRO, Calif.—April 21, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today received recognition from the Global Water Awards for its involvement in three separate desalination projects and with two Companies of the Year.

The Claude “Bud” Lewis Carlsbad Desalination Plant, in Carlsbad, CA, where Energy Recovery has installed its PX-Q300 technology, won Desalination Plant of the Year. Two other Energy Recovery projects were also nominated for the Desalination Plant of the Year category: Fujairah F1 SWRO Expansion, UAE; and Ghalilah SWRO, Ras Al Khaimah, UAE. In addition, Energy Recovery has completed several mega projects (facilities > 50,000m³/day) with Veolia, named the Global Water Awards Water Company of the Year, and Acciona Agua, named Desalination Company of the Year. In 2015, Energy Recovery contracted over one million m³/day of mega project capacity.

The Global Water awards are presented by Evoqua Water Technologies each year at the Global Water Summit. This year’s awards gala took place on April 19, 2016 in Abu Dhabi, UAE. The Global Water Awards were established in 2006 by Global Water Intelligence.

Energy Recovery’s President and CEO Joel Gay stated, “Energy Recovery is honored to be recognized for its work in multiple desalination projects around the globe. This is made possible by our world-class team dedicated to continual technological innovation in the desalination process, making facilities increasingly more energy efficient, reducing emissions and ultimately reducing costs. Of course, this would also not be possible without our tremendous partners that invest in Energy Recovery’s talent and products. We are very proud to share these achievements with our partners in producing fresh water in an economic and environmentally responsible way.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about our expectations as to estimated shipment dates are forward looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

FTI Consulting
Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

###

SAN LEANDRO, Calif.—August 17, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced a $1.8 million deal to supply its PX Pressure Exchanger^® technology for a desalination plant in Morocco. The Company expects the order to ship in the fourth quarter of 2015.

The Pressure Exchangers will be installed by Morocco’s National Power Drinking Water Office (ONEE), which will process 100,000 cubic meters of water per day. They will be using PX-Q300 units, the highest-performing energy recovery devices available on the market.

The plant is being developed under ONEE as the first public-private partnership system, and will produce water for 500,000 people. The plant’s capacity could potentially be doubled in the future. Energy Recovery estimates that the plant will save 10.5 MW in power equivalent to 92 GWh per year in energy savings. The plant will also reduce its CO2 footprint by 54,200 tons per year.

Energy Recovery’s President and CEO Joel Gay stated, “We are proud to proliferate the use of our technology in the Middle East and North Africa region, which has some of the greatest need for desalination solutions. The plant represents not only a significant deployment of our Pressure Exchanger, but also the potential to, over time, expand to an additional 100,000 cubic meter facility. In this single site, we are grateful for the current opportunity and optimistic about its future potential.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) develops award-winning solutions to improve productivity, profitability, and energy efficiency within the oil & gas, chemical, and water industries. Our products simplify complex systems and protect vulnerable equipment. By recycling fluid pressure that would otherwise be lost in critical processes, we save clients more than $1.4 billion (USD) annually. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about our expectations as to shipment timing are forward-looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact:
Alex Dolan
adolan@energyrecovery.com
+1.510.746.2574

Investor Contact:
The Equity Group Inc.
Adam Prior
aprior@equityny.com
+1.212.836.9606

SAN LEANDRO, Calif.—June 22, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that the Company has recently received $10.3 million in mega project awards to install its PX Pressure Exchanger® technology in desalination plants in Asia and the Middle East.

The Company expects to ship and recognize revenue in the second half of 2015 and first half of 2016.

Mr. Joel Gay, Energy Recovery’s President and Chief Executive Officer, stated, “These recent mega project awards are indicative of continuing progress in our desalination business, as new projects are up year-over-year from 2014. We began the year cautiously optimistic concerning desalination, and have seen many of our past customers deploying capital as part of the improving desalination market. We are building momentum, and feel that these recent wins further validate our leadership position in the desalination market. We are confident that the momentum will propel Energy Recovery forward as we continue implementing technological innovations throughout the global water market.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) develops award-winning solutions to improve productivity, profitability, and energy efficiency within the oil & gas, chemical, and water industries. Our products simplify complex systems and protect vulnerable equipment. By recycling fluid pressure that would otherwise be lost in critical processes, we save clients more than $1.4 billion (USD) annually. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about our expectations as to shipment timing are forward-looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact:

Alex Dolan
adolan@energyrecovery.com
+1.510.746.2574

Investor Contact:

The Equity Group Inc.
Adam Prior
aprior@equityny.com
+1.212.836.9606