Join us on March 8th UN International Women’s Day for a webinar featuring six women who are pioneers in their respective fields, imagining new ways of doing things and developing creative solutions to address a myriad of water-related challenges. Register for the webinar here.
Kelley Vendeland, VP, Marketing and ESG, Energy Recovery, Inc.
Energy Recovery, Inc.® today announced a set of contracts totaling over $9 million to supply its PX® Pressure Exchanger® energy recovery devices to desalination facilities in China, India, South Korea, and Indonesia. The orders are estimated to be fulfilled by the end of Q3 2023.
These contracts represent a mix of industrial and municipal applications and demonstrate the region’s continuing investment in desalination. China and India in particular remain strong areas of growth for desalination as industrialization, water scarcity, and urbanization increase the need for effective clean water strategies. Energy Recovery products help to produce over four million cubic meters per day of freshwater in Asia.
“Rapid development and industrialization are putting a strain on the already insufficient natural freshwater supply in many parts of Asia. Like most countries across the world, China, India, South Korea, and Indonesia have seen their per capita renewable freshwater resources plummet in recent decades,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “By significantly reducing the power intensity and environmental impact of water treatment processes, such as seawater reverse osmosis (SWRO) desalination and industrial wastewater treatment, the PX makes clean water more accessible and sustainable around the world.”
Energy Recovery estimates that when these plants are completed, the PX will prevent nearly 170,000 tons of carbon emissions from entering the atmosphere each year, which is equivalent to removing more than 36,000 passenger cars from the road.
About Energy Recovery
Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for commercial and industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make commercial and 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 and research and development facilities across California and Texas with sales and on-site technical support available globally.
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 expectations on timing of shipments and estimates of tons of emissions eliminated upon completion of the 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, 2022 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.
Energy is one of the highest operational costs of Low-Pressure Reverse Osmosis (LPRO) plants, so it’s critical for designers, OEMs, Consultants, and the end-users to design the plant to minimize operational expenses by taking into account the benefits of energy recovery devices.
This webinar will give the viewers a guideline on how to maximize water production, flux balance, and operational flexibility while reducing energy consumption. Furthermore, the webinar will explain several cases (potable and industrial) where low-pressure energy recovery devices can offer a Return on Investment (ROI) below 3 years.
Private companies and water treatment municipal plants are facing new challenges related to improving water efficiency and reducing operational costs. This webinar will present some alternatives to increase water efficiency by using energy recovery devices and RO membranes. Some options will reduce operational costs by reducing specific energy consumption and increasing the operational life of the membranes. Other options will increase water efficiency by increasing membrane recovery rate + reducing operational costs.
SAN LEANDRO, CA(October 11, 2022) – Energy Recovery, a market leader in energy recovery devices (ERDs), has announced the launch of the PX Q400 Pressure Exchanger. The PX Q400 is the next evolution of Energy Recovery’s trusted and industry-leading PX® Pressure Exchanger® technology and will be the new flagship solution in the PX family of products.
The PX Q400 will be Energy Recovery’s highest-performing and highest-capacity PX available for seawater reverse osmosis (SWRO) desalination and industrial wastewater facilities. As the market leader of ERDs in SWRO desalination—and with 30 years of experience in the industry—the PX Q400 marks a continuation in the pursuit of making SWRO desalination more efficient and sustainable.
Key advantages of the PX Q400:
Highest average efficiency compared to other PX technology products
At 400 gallons per minute (gpm), it is the highest capacity PX yet, which results in 25% fewer devices compared to the PX Q300 (depending on plant size)
Less than 3% volumetric mixing
Offers the lowest projected life cycle cost of any ERD for SWRO desalination
“With the PX Q400, we’ve further innovated and improved upon the reliable, field-tested, and trusted PX models that preceded it,” said Rodney Clemente, Senior Vice President of Water. “The PX Q400 enhances efficiency, capacity, and value to ensure Energy Recovery remains the most trusted manufacturer of ERDs in desalination.”
Made with corrosion-proof ceramic and designed with only one moving part, the PX Q400 supports a 25-year design life with no scheduled maintenance, leading to incredibly low life cycle costs and maximum uptime.
For more media resources, including sell sheets and high-res images, visit the digital media kit at https://bit.ly/Q400MediaKit.
About Energy Recovery, Inc.
Energy Recovery, Inc., creates technologies that solve complex challenges for commercial and industrial fluid-flow markets worldwide. Building on an innovative pressure exchanger technology platform, they design and manufacture solutions that make commercial and 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 and research and development facilities across California and Texas with sales and on-site technical support available globally. To learn more, visit https://energyrecovery.com/.
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.
ENERGY RECOVERY SYSTEM AND ITS IMPACT ON THE COPIAPÓ SWRO PLANT: A “REAL WORLD” LIFECYCLE COST ANALYSIS Rolando Bosleman – Tuesday, October 11 (9:45 – 10:15).
SHIFTING THE ECONOMICS OF ZLD BY USING ENERGY RECOVERY DEVICES Simon Bae – Wednesday, October 12 (12:40 – 13:00).
NEW PX PRESSURE EXCHANGER, ENERGY RECOVERY DEVICE: IMPROVING AND OPTIMIZING PERFORMANCE OVER THE PX Q300 FOR GREATER ENERGY SAVING David Kim-Hak – Wednesday, October 12 (12:40 – 13:00).
SAN LEANDRO, Calif. – June 14, 2022 – Energy Recovery, Inc. (NASDAQ: ERII) today announced three contract awards totaling over $8.2 million to supply its PX® Pressure Exchanger® energy recovery devices to seawater reverse osmosis (SWRO) desalination facilities in Asia. The orders are expected to be fulfilled by the end of Q3 of 2022.
When completed, Energy Recovery estimates the plants will prevent nearly 180,000 metric tons of carbon dioxide emissions each year, the same amount of emissions produced by over 39,000 passenger cars in the same time period. Once these contracts are completed, Energy Recovery will support the production of over 4 million cubic meters of water per day in Asia.
Continued water scarcity, industrialization, rapid urbanization, and population growth continue to amplify the need for stable and energy-efficient supply of freshwater in parts of Asia. All three facilities, located in China and India, will supply communities that are highly water-stressed.
“China and India both fall well below the global average of renewable freshwater resources at 2,000 and 1,000 cubic meters per capita, respectively – a small fraction of the global average of 5,600 cubic meters per capita,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “Both countries are increasingly looking to SWRO desalination as part of their strategies to build a more resilient, robust, and reliable water supply, thanks to leading innovations like the PX that have helped make the economic and environmental impacts of SWRO more sustainable. As the leading energy recovery device for desalination, the PX is trusted around the world to provide significant cost and emissions savings.”
Energy Recovery’s PX can reduce energy consumption in SWRO 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.
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 avoided carbon dioxide emissions; our belief that China and India are increasingly looking to SWRO desalination as part of their strategies to build a more resilient, robust and reliable water supply; our belief that the PX has helped make the economic and environmental impacts of SWRO more sustainable; our belief that the PX is the leading energy recovery device for desalination; our belief that the PX is trusted around the world to provide significant cost and emissions savings; and our belief that the PX can reduce energy consumption in SWRO facilities by as much as 60%; 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.
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.
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.
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.
From November 2 – 5, Energy Recovery will be exhibiting at Aquatech Amsterdam, the premiere event for water technology with over 550 exhibitors and over 15,000 attendees.
Experts from our sales and service team will be at Booth 01.523, showcasing our industry-leading energy recovery solutions in desalination and industrial wastewater treatment.
SAN LEANDRO, Calif. — July 22, 2021 — Energy Recovery (NASDAQ: ERII) today announced contract awards totaling over $6 million for its PX® Pressure Exchanger® (PX) energy recovery devices and related equipment and services to multiple seawater reverse osmosis (SWRO) desalination facilities in Asia. These orders are currently shipping to customers and are scheduled to be fulfilled by the end of Q3 2021.
Asia’s need for clean water is intensifying, driven by population growth, industrialization, rapid urbanization, and climate change. 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.
Energy Recovery estimates that the PXs supplied to these facilities will prevent more than 126,000 metric tons of carbon dioxide emissions per year, equivalent to removing more than 27,000 passenger vehicles from the road annually. Once these contracts are completed, Energy Recovery will support the production of over 118 million cubic meters of fresh water per year.
“Water related challenges are particularly acute in Asia, which is home to half the world’s population but has less fresh water than any continent except Antarctica. At the same time, the region’s population is projected to increase rapidly over the coming years,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “These project awards reflect a concentrated effort by many Asian countries to drought-proof their water systems. We are seeing this play out with China’s five-year plan to increase seawater desalination utilization to ensure sufficient fresh water supply. We are very proud that Energy Recovery’s trusted PX solutions can help deliver essential water resources to communities in need, all while significantly reducing wasted energy and emissions that can be extremely harmful to our planet.”
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.
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.
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.
Webinar Announced to Discuss Cutting-Edge Approach for Minimal Liquid Discharge Systems
SAN LEANDRO, Calif. — February 25, 2021 — Energy Recovery (NASDAQ: ERII) today announced a joint-marketing effort with DuPont Water Solutions (“DuPont”), a global leader in purification and specialty-separation technologies, to spread the knowledge of advanced solutions improving the efficiency of many industrial wastewater treatment systems.
The companies will co-host a webinar on Wednesday, March 10, at 10:00 a.m. ET, to discuss the benefits of pairing Energy Recovery Ultra PX™ energy recovery devices (“ERD”) with DuPont membranes in industrial wastewater treatment systems.
The webinar, titled “FilmTec™ Fortilife™ membranes matched with Energy Recovery Ultra PX™ provide breakthrough in Minimal Liquid Discharge affordability,” will feature presentations from Energy Recovery and DuPont experts, who will provide an overview of how their technologies will provide a solution to technical challenges associated with Minimal Liquid Discharge (“MLD”) Ultra High-Pressure Reverse Osmosis (“UHPRO”) operations, generating significant energy and cost savings.
Presenters will include Eric Kadaj, Senior Director, Business and Applications Development, from Energy Recovery, and Tina Arrowood, Principal Research Scientist, from DuPont Water Solutions.
“This collaboration with DuPont demonstrates the incredible capabilities of our Ultra PX ERD. We believe that our new technology has the potential to transform UHPRO industrial wastewater treatment in the same way our PX® Pressure Exchanger® ERD transformed seawater reverse osmosis desalination,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “Together with DuPont’s leading membrane technologies, our Ultra PX can enable industrial wastewater treatment facilities to maintain high performance and reliability while reducing waste, energy use, and cost.”
DuPont’s FilmTec™ Fortilife™ product family is designed for facilities that would benefit from durable, robust membranes and a reliable, industry-leading nanofiltration and reverse osmosis water treatment that is effective and easy to clean.
“Our FilmTec™ Fortilife™ offerings are focused on meeting facilities’ unique industrial water treatment challenges,” said Verónica Garcia Molina, Global Marketing Manager of DuPont Water Solutions. “Alongside Energy Recovery’s Ultra PX, we are confident we are bringing a high-value and efficient solution for industrial wastewater treatment to the market.”
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 belief that the Ultra PX has the potential to transform UHPRO in the same way the Company’s PX Pressure Exchanger ERD transformed seawater reverse osmosis desalination, and the Company’s belief that together with DuPont’s leading membrane technologies, the Company’s Ultra PX can enable industrial wastewater treatment facilities to maintain high performance and reliability while reducing waste, energy use and cost. 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
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.
About DuPont Water Solutions
DuPont (NYSE: DD) is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
SAN LEANDRO, CA – August 25, 2020 – Energy Recovery, Inc. (NASDAQ:ERII) today announced contracts totaling $4.7 million, including an award to supply PX® Pressure Exchanger® devices (“PX”) to the largest floating desalination project in the world.
“Our pressure exchanger technology enables our customers to achieve maximum efficiency and energy savings in producing clean water, even in the most challenging environments around the globe,” said Robert Mao, Energy Recovery Chairman of the Board, President and Chief Executive Officer. “As fresh water demands continue to grow, Energy Recovery and our industry-leading PX will be there to meet these needs and empower our customers to produce potable water at a lower cost and with less energy.”
The project consists of three floating desalination stations with a cumulative water production capacity of 150,000 cubic meters per day (“m3/day”). The project is expected to be operational by the end of 2020 and will supply water to the Saline Water Conversion Corporation (“SWCC”), a Saudi government corporation responsible for power production and the supply of fresh water to various regions in the Kingdom.
“We continue to see exciting advances in desalination throughout the Middle East, and I would like to bring special attention to this specific offshore application,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “Once commissioned, these floating desalination solutions will be Energy Recovery’s largest offshore project, adding more capacity, redundancy, and flexibility in the region. We are honored that our partners have trusted our company and technology to meet the demands of this challenging project.”
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. 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. 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.
SAN LEANDRO, CA – July 28, 2020 – Energy Recovery, Inc. (NASDAQ:ERII) today announced that manufacturing of PX® Pressure Exchangers® (“PX”) has begun in its newest production facility in Tracy, California. The opening of the 54,000 square foot facility marks the completion of a comprehensive manufacturing capacity increase plan that, combined with process optimization and additional equipment procurement, has more than doubled the Company’s output of PX ceramic components in just under two years.
“We expect revenue growth of up to 25% this year in our Water segment, and the opening of our Tracy facility gives us confidence in fulfilling our strong backlog of orders while creating critical redundancy of our manufactured components,” said Robert Mao, Energy Recovery Chairman of the Board and President and Chief Executive Officer. “We were able to progress quickly, ensuring this facility was capable of operations while taking the necessary safety precautions against the spread of COVID-19.”
The city of Tracy is located 47 miles east of Energy Recovery’s headquarters in San Leandro, California. The close proximity of the two facilities allows for better integration and collaboration within the manufacturing process, helping to ensure consistent product quality across all production locations. Tracy was selected as a location due to its diverse pool of skilled labor, location in a low-risk seismic zone, independent power grid and access to key transportation access points.
“Thanks to our strong relationships and market insight, we were able to accurately forecast the rapid growth of desalination we are seeing today and implement strategic capacity expansions. The Tracy facility has flexibility for further capacity additions in the future as required and positions us continuing reliably serving our customers’ growing businesses,” said Emily Smith, Energy Recovery’s Senior Vice President of Corporate Development and Operations.
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. 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.
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.
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.
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.
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.
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.
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.
Energy Recovery Awarded $6 Million for Water Projects in the Middle East
SAN LEANDRO, Calif. — September 26, 2019 — Energy Recovery, Inc. (NASDAQ:ERII) today announced a $6 million (USD) award to supply its PX® Pressure Exchanger® (“PX”) devices along with related equipment and services to seawater reverse osmosis (“SWRO”) desalination facilities in the Middle East. The devices are expected to ship in Q3 and Q4 of 2019.
“Water scarcity is undeniable as the need for potable water continues to increase throughout the Middle East and the rest of the world. Desalination offers an established and reliable solution to help meet these water demands,” said Energy Recovery President and CEO Chris Gannon. “Through the operational cost savings and efficiency measures delivered by our technology, we enable communities to access clean water that could otherwise be out of reach. With over 20,000 devices deployed around the world, we are proud that our PX technology is the most widely used energy recovery solution in SWRO desalination globally.”
Energy Recovery estimates the PXs supplied to these desalination facilities will reduce power consumption for all projects by more than 40 megawatts, saving over 350 gigawatt hours of energy and more than 200,000 metric tons of carbon dioxide per year. The facilities will collectively produce over 300,000 cubic meters of water per day.
“As worldwide water supply and demand imbalances put a strain on our existing natural resources and infrastructure, we continue to observe local water authorities turning to desalination as part of their water diversification strategies,” shared Energy Recovery Vice President of Water Rodney Clemente. “A great example of this is the Kingdom of Saudi Arabia, whose 2030 vision is a plan for economic growth and diversification, with potable water production being a critical pillar to its aggressive growth goals. As a result, the SWRO desalination universe is experiencing unprecedented growth not observed since the “golden era” of desalination over a decade ago.”
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.
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.
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 20,000th 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.”
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.
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’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.
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.”
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.
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.
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.
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.
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, VPXPTM circulation pumps and AquaBoldTM 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 1st 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 PXTM Pressure ExchangerTM technology for desalination projects in Saudi Arabia. The orders are expected to ship in the 1st 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.
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 PXTM Pressure ExchangerTM technology for desalination projects in Asia. The orders are expected to ship in the 2nd 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.
SAN LEANDRO, Calif.—August 10, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total award of $2.5 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in Saudi Arabia. The orders began shipping in the second quarter of 2017, with expected completion by the third quarter of 2017.
Energy Recovery will supply its PX-Q300 and PX-220 Pressure Exchanger devices for the plants, which will produce a total of up to 103,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the total power consumption for all projects by 14.4 MW, saving a total of over 124.4 GWh of energy per year and avoiding 74,378 tons of CO2 emissions per year.
Energy Recovery’s President and CEO Joel Gay stated, “We remain bullish on the outlook of the desalination market through the balance of 2017 and into 2018. These orders further solidify our position as a market leader in the Middle East desalination market, more specifically in Saudi Arabia, which remains a bellwether for mega project activity. As mentioned on our previous 2nd quarter 2017 earnings call, we remain laser-focused on our water business and will continue to guard our position as market leader and attack new opportunities to provide our Pressure Exchanger technology to customers seeking to optimize plant savings and operations.”
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 amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, estimates of emissions avoided through employing 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. 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.
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 PXTM Pressure ExchangerTM 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 PrimeTM 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.
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 PXTM Pressure ExchangerTM 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.
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.
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 PXTM Pressure ExchangerTM 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.
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 PXTM Pressure ExchangerTM 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.
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 PXTM Pressure ExchangerTM 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.
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 PXTM Pressure ExchangerTM 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.
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 PXTM Pressure ExchangerTM 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.
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 PXTM Pressure ExchangerTM 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 PXTM Pressure ExchangerTM, 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.
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 PXTM Pressure ExchangerTM, 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.
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.
SAN LEANDRO, Calif.—December 21, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced an award for $2.3 million to supply its PX Pressure Exchanger® technology for a mega desalination plant in China.
For the project, Energy Recovery will partner with Beijing Originwater Technology Co., Ltd.,. The order is expected to ship during the second quarter of 2016.
Energy Recovery will supply its PX-Q300 Pressure Exchanger devices for the Dongjiakou desalination plant, located in Shandong province in China. The plant will produce 100,000 cubic meters of fresh water per day. Energy Recovery estimates the PX devices will reduce the plant power consumption by 14.3 MW, saving over 122 GWh of energy per year, and help it avoid 87,700 tons of CO2 emissions per year.
Energy Recovery’s President and CEO Joel Gay stated, “This deal marks our first mega project in China since 2010. We are excited to fortify our offerings in the region, and to end this year on a commanding note.”
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 $1.5 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 receipt of milestone payments, and future revenue growth related to royalty payments are forward-looking and involve risks and uncertainties including but not limited to the meeting of key milestones, adoption rates, and deflationary oil pricing. 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.
SAN LEANDRO, Calif.—September 28, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced an award for $1.8 million to supply its PX Pressure Exchanger® technology for a mega desalination plant in the Middle East. For the project, Energy Recovery will partner with a wastewater treatment and services specialist based in the region. The order is expected to ship during the third quarter of 2016.
Energy Recovery will supply its PX-Q300 and PX-180 Pressure Exchanger devices for the plant, which will produce 68,000 cubic meters of fresh water per day. Energy Recovery estimates the PX devices will reduce the plant power consumption by 9.7 MW, saving over 83 GWh of energy per year, and help it avoid 59,700 tons of CO2 emissions per year. The two companies have previously partnered on another mega project in the Middle East.
Energy Recovery’s President and CEO Joel Gay stated, “We are proud to continue to deploy our PX Pressure Exchanger technology where it’s needed, especially in key regions such as the Middle East. This also adds to the portfolio of large-scale projects Energy Recovery has taken on in recent years, making the PX the most widely used energy recovery device for mega-projects in the world. Importantly, this award is an early indicator of a strengthening global desalination market as we enter 2016.”
About Energy Recovery
Energy Recovery (NASDAQ:ERII) develops award-winning technology that recycles unused pressure energy to improve productivity of industrial pumping systems. Our technology protects vulnerable equipment and saves substantial energy and maintenance costs for operators within the oil & gas, chemical, and water industries. With more than 16,000 devices worldwide, our products save clients more than $1.5 billion (USD) annually. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai. Visit 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 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.
SAN LEANDRO, Calif.—September 9, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced an award for $1.4 million to supply its PX Pressure Exchanger® technology for the world’s first large-scale solar-powered desalination plant, located in Saudi Arabia. The order is expected to ship during the first quarter of 2016.
Energy Recovery will supply its PX-Q300 Pressure Exchanger devices as part of a project that will supply 60,000 cubic meters of fresh water per day. Energy Recovery estimates the PX devices will reduce plant power consumption by 8.4 MW, saving over 73 GWh of energy per year. The plant is expected to be online by the first quarter of 2017.
Energy Recovery’s President and CEO Joel Gay stated, “As a company at the vanguard of desalination technology, we are proud to be part of a project that represents another great leap forward for the industry. Our PX Pressure Exchanger technology continues to play a crucial role in desalination processes, even as plant designs evolve, which increases my confidence that our technology will remain critical to this industry for a long time to come.”
About Energy Recovery
Energy Recovery (NASDAQ:ERII) develops award-winning technology that recycles unused pressure energy to improve productivity of industrial pumping systems. Our technology protects vulnerable equipment and saves substantial energy and maintenance costs for operators within the oil & gas, chemical, and water industries. With more than 16,000 devices worldwide, our products save clients more than $1.5 billion (USD) annually. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai. Visit 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 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.
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.
SAN LEANDRO, Calif.—July 30, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced $1 million in awards for desalination projects in California and Texas.
Energy Recovery will supply its PX-Q300 Pressure Exchanger devices and AquaBold high-pressure pumps for the Charles E. Meyer Desalination Plant retrofit in Santa Barbara, California, in partnership with IDE technologies, a global water treatment solutions firm headquartered in Israel. The plant has a capacity of 15 MLD divided in three trains, which could be expanded in the future to double its capacity. Energy Recovery estimates that the plant will save about 26 GWh per year in energy consumption, and reduce its carbon footprint by about 15,000 tons per year. Order shipment is expected in the third quarter of this year.
Energy Recovery’s President and CEO Joel Gay stated, “For the Santa Barbara plant, we are supplying the PXs and the AquaBold high-pressure pumps. Sourcing both devices through Energy Recovery maximizes efficiencies for any plant, and we hope it will become a best practice for the desalination industry.”
In addition, Energy Recovery will provide PX-Q300 Pressure Exchangers for the M&G Chemicals Corpus Christi Facility in Texas, constructed by the company to produce plastics materials for the largest polyethylene terephthalate (PET) plant in the world. The Company has partnered with the Italveco Group, a global environmental engineering company headquartered in Italy. The desalination plant associated with the Corpus Christi facility is expected to produce 6 million gallons of water per day (MGD) to cover plant’s utility needs such as cooling system and boiler systems water make up, among others, and is expected to be in production by the first quarter of 2016. Energy Recovery estimates that the facility will save about 40 GWh per year in energy consumption, and reduce its carbon footprint by almost 24,000 tons per year. Order shipment is expected in the 4th quarter of 2015.
Mr. Gay added, “Energy Recovery has 16,000 devices in use around the world, but with the demand for desalination having been historically limited in the United States, we have had disproportionately few installations in our home country. This is starting to shift. While political factors will continue to present a challenge to widespread adoption of desalination in the U.S., these projects are a clear response to the epic drought that continues to wreak havoc on a number of state economies. As the provider of the foremost enabling technology in desalination, we are well positioned to benefit from and are proud to contribute to the domestic growth of the industry.”
Energy Recovery has already installed its PX-Q300 devices at the Carlsbad Desalination Plant in California, which is expected to begin production in 2015, and will produce 50 MGD for San Diego County.
About Energy Recovery
Energy Recovery (NASDAQ:ERII) develops award-winning technology that recycles unused pressure energy to improve productivity of industrial pumping systems. Our technology protects vulnerable equipment and saves substantial energy and maintenance costs for operators within the oil & gas, chemical, and water industries. With more than 16,000 devices worldwide, our products save clients more than $1.5 billion (USD) annually. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai. Visit 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 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.
SAN LEANDRO, Calif.–(BUSINESS WIRE)– Energy Recovery Inc. (ERII), the leader in pressure energy technology for industrial fluid flows, has announced a $3.96 million order to install its PX Pressure Exchanger® technology in an independent water plant located in Qurayyat, Oman, a project with Hyflux Ltd., a global environmental solutions company headquartered in Singapore.
The capacity of the plant exceeds 50,000 cubic meters per day, which qualifies this as a mega project for Energy Recovery. The Company has previously completed additional mega projects with Hyflux, including the 500,000 MLD Magtaa desalination plant located in Algeria, which uses Energy Recovery turbochargers.
Hyflux will use Energy Recovery’s PX-Q300 Pressure Exchanger devices for the water plant in Oman. The plant is located near the Arabian Sea and produces 200 million liters per day (MLD) of fresh water. Energy Recovery estimates the PX devices will reduce plant power consumption by 20 MW and save 173 GWh of energy per year. These energy savings are potentially avoiding about 100,000 tons per year of CO2 emissions.
The order is expected to ship by the fourth quarter of 2015, with the Company recognizing revenues upon delivery. The order represents continued momentum in Energy Recovery’s desalination business, as the Company has announced over $14 million in larger desalination orders, including this one, to date in 2015. This total does not include smaller sized OEM sales and aftermarket shipments that the Company records on a regular basis throughout each reporting period.
Joel Gay, President and Chief Executive Officer for Energy Recovery, stated, “We have continued to see steadily growing momentum in desalination orders throughout 2015. The Company has maintained its dominant market position, and is now seeing increasing activity in an improving desalination market. This is the fourth mega project that Energy Recovery has worked on with Hyflux, and we are proud to consistently win larger scale projects from our existing customers. We have announced over $14 million in larger project orders to date in 2015, which is well ahead of our run rate at this time last year. We understand that larger projects are largely dependent on the timelines of our customers, however we are increasingly optimistic with the direction of the desalination market thus far this year and pleased that our market position with our long-term customers has remained sound.”
The award-winning PX Pressure Exchanger remains the most efficient and reliable energy recovery solution on the market for desalination, operating with 98% efficiency in its energy exchange.
About Energy Recovery
Energy Recovery (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 as to the timing of shipments and revenue recognition, assumptions and estimates of future performance and economic and market 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 future opportunity growth 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.
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.
SAN LEANDRO, Calif.—May 19, 2015— Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, has shipped the components for a $1 million desalination plant project in Sur, Oman. For this project, Energy Recovery is partnering with Sidem, a global desalination leader headquartered in France. Energy Recovery expects to recognize revenue on the shipment in the Company’s current second quarter.
Sidem will use Energy Recovery’s PX-Q300 Pressure Exchanger devices for the plant in Sur in the Ash Sharqiyah Region of northeastern Oman. The award-winning PX Pressure Exchanger remains the most efficient and reliable energy recovery solution on the market for desalination, operating with 98% efficiency in its energy exchange.
Joel Gay, President and Chief Executive Officer for Energy Recovery, stated, “The current project in Oman adds to the legacy of partnership between Energy Recovery and Sidem. Having successfully deployed our PX Pressure Exchanger technology into another major project with Sidem, we continue to act as the preferred supplier of energy recovery solutions with the Q-series of our PX devices. This project has experienced delays over the past year, and we feel this shipment is an indicator of a strengthening global desalination market, the sustainability of which will lend to our continued penetration into emerging markets.”
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 and market 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 future opportunity growth 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.
SAN LEANDRO, Calif.—May 13, 2015— Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, has shipped the components for a $3 million project for the Mirfa Power Plant in Abu Dhabi, UAE, a project with partner Degremont, a company focused on the production of drinking water in industrialized countries. Energy Recovery expects to recognize the shipment as revenue in the Company’s current second quarter.
For this project, Degremont will use Energy Recovery’s PX-Q300 Pressure Exchanger devices. The award-winning PX Pressure Exchanger remains the most efficient and reliable energy recovery solution on the market for desalination, operating with 98% efficiency in its energy exchange.
Joel Gay, President and Chief Executive Officer for Energy Recovery, stated, “Degremont is a long-standing customer and strategic partner to Energy Recovery. That Degremont continues to choose our Company as its preferred supplier of energy recovery solutions further solidifies this relationship. The shipment for this project experienced several delays, dating back to the fourth quarter of 2014. The recent shipment, in addition to a strengthening pipeline for the current year and future periods are indicators of a recovering market and underscore our cautious optimism for desalination in 2015.”
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 future opportunity growth 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.
Energy Recovery Inc has secured desalination orders for projects utilizing its pumps in Egypt, Italy and Vietnam.
Veolia Environment SA has selected Energy Recovery’s AquaBold and AT-875 Turbocharger for a new plant in Sinai, Egypt. Meanwhile Italy’s Protecno will use Energy Recovery’s PX Pressure Exchangers and booster pumps as their standard units in their SWRO plants, and will keep them in stock for fast-track opportunities. Protecno will also utilize the PX Pressure Exchanger and booster pumps for a new undisclosed plant location in Italy. South Korea’s Hyorim Industries Inc will use Energy Recovery’s PX Pressure Exchanger, Aquabold pumps and circulation pumps for a new desalination plant in Vietnam. While Energy Recovery has partnered with Hyorim in the past, this will mark the first time the company has used PX Pressure Exchanger devices with Energy Recovery pumps. Read more
New Orders in Egypt, Italy, Spain, UAE, and Vietnam
SAN LEANDRO, Calif.–(BUSINESS WIRE)–May 5, 2015– Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced new desalination orders for projects utilizing its PX® Pressure Exchanger® Technology in Egypt, Italy, Spain, the United Arab Emirates, and Vietnam. Collectively, these original manufacturer (OEM) projects represent approximately $2 million in revenue and are expected to be delivered by the end of the third quarter.
Project Overview
A joint venture between two desalination leaders in Spain, Elmasa Tecnología del Agua, S.A (ELMASA) and CANARAGUA, will be using Energy Recovery’s PX-Q300 devices for a desalination plant retrofit in Spain. The technology will replace Pelton turbines.
Hyundai Engineering and Construction, a global engineering company headquartered in Seoul, will partner with Aquatech International, a worldwide desalination leader based inPennsylvania, to use Energy Recovery’s PX-Q300 devices in a new offshore oilfield project near Abu Dhabi.
Veolia Environment SA, a Paris-based transnational environmental services company, will use Energy Recovery’s AquaBold and AT-875 Turbocharger for a new plant in Sinai, Egypt.
Protecno, based in Italy, will use Energy Recovery’s PX Pressure Exchangers and booster pumps as their standard units in their SWRO plants, and will keep them in their stock for fast-track opportunities.
Protecno will also use the PX Pressure Exchanger and booster pumps for a new undisclosed plant location in Italy.
Hyorim Industries Inc., an international manufacturer based in Korea, will use Energy Recovery’s PX Pressure Exchanger, Aquabold pumps, and circulation pumps for a new desalination plant in Vietnam. While Energy Recovery has partnered with Hyorim in the past, this will mark the first time the company has used PX Pressure Exchanger devices withEnergy Recovery pumps.
Joey Gay, Chief Executive Officer of Energy Recovery, stated, “We continue to increase our global footprint with small- to medium-sized OEM orders. We intend to announce similar orders in the future to keep our investors informed of our ongoing progress, from the constant flow of projects such as these to the larger projects that we undertake in the oil & gas, chemicals, and water segments.”
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 including the timing of shipments. 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 the expected shipment date of the referenced products 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.
SAN LEANDRO, Calif.—-Mar. 13, 2015– Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced new desalination orders for projects utilizing its PX® Pressure Exchanger® Technology in India and Ghana. Collectively, these original manufacturer (OEM) projects represent approximately $1 million in revenue and are expected to be delivered in the first half of 2015.
Project Overview
One of the mid-sized projects will be installed in a desalination plant in Bhavanapadu, on the eastern coast of India. This plant will use Energy Recovery’s PX Pressure Exchanger technology along with Energy Recovery’s Aquabold™ pumps.
Veolia Environment purchased Energy Recovery’s technology for the other project, which will be installed at its desalination plant located near the southern tip of Ghana. This plant will use Energy Recovery’s PX Pressure Exchanger technology along with Energy Recovery’s Aquabold pumps.
Joey Gay, Chief Financial Officer of Energy Recovery, stated, “We are continuing to see steady revenue from small-to-medium sized OEM orders internationally. We are fortunate to partner with companies like Veolia and many others that value our innovations. We intend to continue keeping investors apprised of orders such as these, where we are continuing to maintain our market-leading position for global desalination projects where energy efficiency and reliability are valued.”
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 the expected shipment date of the referenced products 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.
SAN LEANDRO, Calif.–Feb. 3, 2015– Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that it has received awards for projects utilizing its PX Pressure Exchanger Technology. The two orders are expected to total over $2.0 million.The first project is 45 PX-Q300’s for a municipal desalination project for Veolia, a French transnational company with activities in four main service and utility areas traditionally managed by public authorities – water supply and management, waste management, and energy and transport services.
The second is with Metito, a leader in water management solutions with a global project portfolio in excess of US$1 billion. The desalination plant is located in Egypt and provides more than 11 million gallons of fresh water per day.
Hans Peter Michelet, Chairman of the Board, stated, “We are pleased that our sales force has continued to leverage longstanding customer relationships to continue driving business, despite economic headwinds affecting many larger water projects. We have worked with Veolia and Metito for several years, and believe we continue to win business based on the competitive advantages our technology provides to our customers in the form of reliability, efficiency and overall total plant performance. We look forward to continuing to cultivate these relationships in the years to come.”
Energy Recovery’s PX Pressure Exchanger and AT TurboCharger technologies are the most efficient and reliable solutions on the market in energy recovery for desalination. This award-winning family of products is unmatched in the industry and is widely adopted around the world for seawater desalination projects, both large and small.
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 Bay Area, Energy Recovery has offices inMadrid, 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 the expected shipment date of the PX energy recovery devices 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.
Investors:
The Equity Group Inc. Adam Prior, 212-836-9606 Senior Vice President aprior@equityny.com
Energy Recovery, Inc. (NASDAQ: ERII), the leader in recycling fluid pressure in the oil and gas, chemical and water industries, announced today that Energy Recovery’s PX Q300 Pressure Exchanger devices have been shipped to the city of Jamnagar, India to be included in a large desalination expansion. This is one of many seawater reverse osmosis ( SWRO ) desalination projects in the pipeline for India as the pro-development Modi Government pursues construction of large public works projects under the Gujarat model.
The city of Jamnagar is known as the ‘Oil City’ because it is home to the world’s largest oil refinery and many ancillary oil and gas production facilities. The Jamnagar desalination plant has expanded twice since first commissioning, and will be adding 188,000 cubic meters per day to its current capacity. Critical to the expansion was to find technologies that would reduce energy consumption. Well-known for its reliability, energy efficiency and lifetime guarantee, the PX Q300 was the end-user’s energy recovery device of choice.
“We are proud to be a part of this important project and to assist the city of Jamnagar produce cost-effective water for industry and the city’s population. This expansion project demonstrates a crystal clear example of the water-energy nexus. To create energy, we need water and vice versa,” remarks Tom Rooney, Energy Recovery CEO.
Energy Recovery has been providing energy saving technologies to help India produce fresh water for more than a decade. Within the past few years, the Company was selected for its award-winning PX Pressure Exchangers for two of India’s largest SWRO desalination plants known as Chennai I & II. (Read a case study on Chennai here). Every year, Energy Recovery technologies save India close to a half a million kWh of energy, which amounts to annual operating expense (OPEX) savings of $47 million (USD), and helps produce 408 million liters of water a day. With the addition of Jamnagar, these figures will continue to augment and benefit the second most populated country in the world save much needed energy.
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 Bay Area, Energy Recovery has offices in Barcelona, Shanghai, and Dubai. Learn more at www.energyrecovery.com.
Energy Recovery Inc. (NASDAQ: ERII), the leader in capturing reusable energy from industrial fluid flows and pressures cycles revealed that it will be part of ACCIONA Agua’s first contract for a desalination plant in Saudi Arabia. The plant will process enough seawater to bring 100,000 m³ per day of potable water for residents and industrial uses.
Saudi Arabia’s Marafiq Power & Water Utility Company awarded ACCIONA Agua a contract to design, construct, and bring into service a desalination plant called SWRO-4 by the end of 2014. Construction began in 2012 on the mega-plant, which will use reverse osmosis (RO) to desalinate water for Al Jubail, a city in the Eastern province of Saudi Arabia.
Worldwide, most desalination planning and construction companies using energy recapture rely on Energy Recovery technologies to minimize energy costs. Despite the reality that the Kingdom of Saudi Arabia enjoys some of the world’s least expensive electricity rates, Marafiq Power & Water Utility Company and ACCIONA Agua still chose Energy Recovery’s solutions because of the unique combination of economic payback and the PX® device’s proven ability to reduce the environmental footprint. Each year Energy Recovery’s technology will yield over 116 million kWh in energy savings for the Al Jubail plant and reduce carbon emissions by 68,000 metric tons (the equivalent of taking more than 14,000 cars off the road in the U.S.).
ACCIONA Agua’s International Construction Director and Project Manager for the Jubail Project, Manuel Manjón, notes, “Using Energy Recovery’s technology was important to our design because we want to offer Al Jubail the most technologically advanced, most efficient, most reliable RO plant possible. Given the size and scale of our Saudi project, we need our plant to run with the best technology, and we’re getting that from Energy Recovery. We have been implementing isobaric Pressure Exchangers for the majority of our desalination plants for almost a decade and the device’s performance has always exceeded our expectations.”
“We look forward to collaborating with our clients on this important project,” states Tom Rooney, CEO of Energy Recovery. “Considering the Kingdom’s low energy costs, the PX technology was chosen to ensure high reliability and the smallest environmental footprint – which speaks volumes about Marafiq and Acciona’s commitment to stay ahead of the technology curve – and to preserve the environment.”
Situated along the coast of the Persian Gulf, Al Jubail has intense water needs. More than 50 percent of the Kingdom’s drinking water comes from desalination- a number steadily growing as unrenewable sources are depleted for the population that has quadrupled over 40 years. Energy Recovery’s technologies for recapturing and reusing energy from fluid flows have already proven highly efficient in several of Saudi Arabia’s other desalination plants. Al Jubail has three smaller RO plants, some operating with legacy centrifugal energy recovery technology; this new ACCIONA Agua desalination plant will double the current potable water available for the city’s residents and its industrial complex.
Energy Recovery Inc. (NASDAQ: ERII) technology harvests power from high-pressure fluid flows and pressure cycles. Through collaboration with industry, Energy Recovery helps make industrial processes within water, oil & gas, and other industries more profitable and environmentally sustainable. With over 14,000 energy recovery devices installed worldwide, Energy Recovery sets the standard for engineering excellence, cost savings, and technical services to clients across the globe. Year after year, the company’s clean technologies save clients over $1.2 Billion (USD) in energy costs. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. www.energyrecovery.com
Energy Recovery Inc. (NASDAQ: ERII), the leader in capturing reusable energy from industrial fluid flows and pressures cycles, today announced that it has signed a mutual cooperation agreement with Seoul-based global company GS Engineering & Construction Corporation (GS E&C Corp) which is a part of Korean conglomerate GS Group, to significantly advance osmotic power generation using Energy Recovery’s state-of-the-art PX Pressure Exchanger® technology. A pilot program is already underway and it is anticipated that a unit will be operational in 2014 at GS E&C Corp R&D center in Korea.
The revolutionary process of Pressure Retarded Osmosis (PRO) is created by mixing of seawater and freshwater and the resulting osmotic power serves as both a renewable and consistent source of electricity. While still the in the early stages, the best estimates of global production potential of osmotic power exceed 1,600 terawatt hours, or the equivalent of half of Europe’s entire energy demand.
Initially developed for seawater reverse osmosis (SWRO) desalination, Energy Recovery’s PX® devices have shown tremendous potential and interest across multiple industries due to their adaptability, reliability and efficiency.
How Energy Recovery’s PX Pressure Exchangers® Work
Energy Recovery’s PX devices are currently deployed at SWRO desalination plants all over the world. By recycling the energy typically wasted as part of the reject stream, the PX devices-which operate at 98 percent efficiency-reduce energy use by up to 60 percent, helping to make desalination an affordable solution to global water scarcity. Energy Recovery’s devices function on a similar principle in osmotic power processes. You can watch a video of that process here: How the PX Pressure Exchanger works.
How Osmotic Power Works
For many years the idea of PRO or osmotic power was ‘pie in the sky’ scientific theory and not seen as a viable energy solution. Today, the fields of chemical engineering and science are looking at this renewable energy source as a major solution to the world’s water and energy scarcity problems. Osmotic power process can convert the pressure differential between two water streams into hydraulic pressure that can be used to drive a turbine that produces electrical energy. The PX devices work in unison with the turbines to cost-effectively enable stable, reliable, environmentally friendly energy production anywhere freshwater and saltwater are available.
For more information on how Osmotic Power works, see here.
The advantages of osmotic power are numerous:
Generates clean power with no harmful emissions
Seawater is abundant and readily available
Solution is scalable and applicable worldwide
More reliable than other power sources (i.e. Wind and solar) because the power generated is base loaded
Proven Partners
GS E&C Corp is one of the main Korean multinational firms investing heavily in R&D in the global water and renewable energy markets. In 2011 GS E&C Corp acquired Spanish desalination facility maker, Inima, one of the world’s top ten reverse osmosis (RO) desalination specialists, for $US 287M. Through this acquisition, GS E&C Corp aims to expand its RO desalination business operations. Soon thereafter, GS E&C Corp was issued a multimillion-dollar grant from the South Korean government to expand their research and development program to design a pilot plant for a Pressure Retarded Osmosis (PRO) application. For GS E&C Corp, entering into a joint R&D effort with Energy Recovery was a logical extension and next step given its market leadership in reverse osmosis desalination.
“We’re thrilled to partner with Energy Recovery on osmotic power technology that promises to bring about innovative and sustainable change,” said Mr. Jeong Woo Seo, CTO of GS E&C. “We chose the PX based on the value and proven reliability and performance that it has provided to us and dozens of other engineering firms worldwide for over two decades.”
“GS Engineering & Construction Corp is a visionary company, on the horizon of the next big thing. We have been looking forward to developing this technology with a strategic technology partner to make osmotic power a reality across the world,” said Tom Rooney, CEO of Energy Recovery. “It’s ideal to collaborate with a proven engineering market leader such as GS Engineering & Construction Corp and thrilling to adapt our core technology for new sources of renewable energy.”
About Energy Recovery
Energy Recovery Inc. (NASDAQ: ERII) technology harvests power from high-pressure fluid flows and pressure cycles. Through collaboration with industry, Energy Recovery helps make industrial processes within water, oil & gas, and other industries more profitable and environmentally sustainable. With over 15,000 energy recovery devices installed worldwide, Energy Recovery sets the standard for engineering excellence, cost savings, and technical services to clients across the globe. Year after year, the company’s clean technologies save clients over $1.4 Billion (USD) in energy costs. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. www.energyrecovery.com
About GS E&C Corp. Headquartered in Seoul, South Korea, GS Group is the 8th largest conglomerate in Korea. In 2005, GS E&C, an important part of GS Group, rebranded itself from LG Engineering and Construction to GS Engineering and Construction. Since then, it has expanded globally, managing megaprojects in the Middle East, Southeast Asia, and around the world. The Dow Jones Sustainability Index (DJSI) evaluates it as the top 10 percent best company among 2,500 market capitalization companies in the world.
Energy Recovery Inc. (NASDAQ: ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, today announced that Spanish water company, Cadagua, has selected the Company’s premium PX® technology to retrofit itsValdelentisco Desalination Plant. Located in Valdelentisco, Murcia, in southeastern Spain, the plant has a potable and irrigation water production capacity of 140,000 m3/d, making it one of the largest desalination plants in Europe. Phase I of this new project which involves a retrofit of two reverse osmosis trains, is one of many for Cadagua and Energy Recovery who have been working together for over a decade, having recently commissioned large plants in the Middle East and North Africa (MENA) region, including Morocco and Ajman in the UAE.
Part of a larger trend to retrofit desalination plants around the world, this new project highlights the viability and sustainability of desalination as a solution to the ever growing strain on available fresh water resources. By retrofitting and upgrading with the latest in energy recovery technologies in desalination, plants and municipalities can save money and increase efficiencies. In Spain, Energy Recovery’s technology has been chosen in a majority of 2012-13 retrofit operations, and has saved customers 1.5 billion kWh and more than $158 million per year. Cadagua chose the PX technology not only because of the estimated savings per year for Phase I, but because the plant will not need to replace its existing pump system -adding to the overall increase in savings. The PX device is flexible and adaptable to variable operating conditions allowing the array to be installed with existing equipment.
“Even during hard economic times, we knew investing in Energy Recovery’s solutions would give us the best return on our investment. The cost savings we are expecting to achieve will be vital to the plant’s ability to remain online, and to the development of fresh water production for our country,” exclaims Eva Muñoz, Project Manager from Cadagua.
“In financial crises, it makes sense to cut back. But there are times when investing in smart clean technologies can create greater efficiencies that affect the bottom line. Energy Recovery is proud to help partners Acuamed (owner of the plant) and Cadagua (plant management company) achieve their immediate and long term economic and technology objectives to make water more competitive and affordable,” said Tom Rooney, CEO of Energy Recovery.
This deal comes as no surprise given Spain’s reputation as a pioneer in the global desalination industry. The Spanish government is a strong supporter of developing smarter technologies that bring energy costs down, which ultimately makes water more affordable and competitive, and lowers plants’ operating expenses. This is a testament to Energy Recovery’s highly efficient and reliable solutions. At a time when Spain is experiencing one of the most difficult financial crises in decades, the governmental body that oversees and initiates desalination development, Acuamed, is driving a national effort to invest in making desalination plants more efficient and cost competitive for regional water production.
Click to Retweet @ERIEnergy Retrofit of Lg Desalination Plant Chose Premium PX® Tech Offering Long Term Economic Benefits in Spainhttp://bit.ly/13S98Lt
About Energy Recovery
Energy Recovery Inc. (NASDAQ: ERII) technology harvests power from high-pressure fluid flows and pressure cycles. Through collaboration with industry, Energy Recovery helps make industrial processes within water, oil & gas, and other industries more profitable and environmentally sustainable. With over 14,000 energy recovery devices installed worldwide, Energy Recovery sets the standard for engineering excellence, cost savings, and technical services to clients across the globe. Year after year, the company’s clean technologies save clients over $1.2 Billion (USD) in energy costs. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. www.energyrecovery.com
Energy Recovery, Inc. (NASDAQ: ERII), the leader in capturing reusable energy from industrial fluid flows and pressures cycles, announced today that one of the largest reverse osmosis (RO) single train in the world will use its PX Q300 Pressure Exchanger® technology to desalinate seawater in Al Ghubrah, Oman. The technological first—a desalination mega-project producing more than 191,000 m³/day (50 million gallons per day) of potable and irrigation water in the Middle East North Africa region (MENA)— will feature eight trains, each desalinating 30,000 cubic meters of seawater per day. This configuration will produce potable water for approximately 800,000 residents, easing the intense freshwater needs in the region. The Muscat City Desalination Company (MCDC) formed by Cadagua, Malakoff, and Sumitomo will build, own and operate Al Ghubrah Independent Water.
Energy Recovery’s success in Oman and around the world led the plant-design team to select the PX Q300. The EPC contractor, International Water Treatment LLC (formed by Cadagua, Wabag and Galfar) has chosen PX technology to ensure efficient, reliable energy recovery to overcome the challenges of seawater processing in Oman.For an animated video showing how the PX device works, click here.
Cadagua’s Contract Director on the Al Ghubrah Plant shares why International Water Treatment LLC trusts Energy Recovery to deliver the highest possible efficiency: “Energy Recovery is well-known in the industry and the MENA region. The highly reliable PX-Q300 was the most advantageous choice for us on an RO train this size,” states Emilio López Pacetti from Cadagua.
In the dry MENA region, seawater desalination is essential to continued prosperity and vitality. The demand for agricultural, drinking, and industrial water continues to increase along with economic development and population growth. Because the region has more than six percent of the world’s population but access to just over one percent of the planet’s renewable fresh water resources, countries like Oman must find sustainable, affordable, and efficient ways to offer potable water to its residents. Seawater processing plants like the Al Ghubrah installation and technologies like Energy Recovery’s highly efficient and reliable solutions are helping to bridge that gap.
Lower processing costs are crucial to the vitality of an area such as MENA where water resources are significantly stressed. The Al Ghubrah plant will see large benefits across its operational expense and impact; CO₂ savings and cost savings annually. “We designed the PX to be modular and adaptable. With a bigger PX train, the efficiency values are higher and this reduces the net reverse osmosis process,” states Tom Rooney, CEO of Energy Recovery.
Energy Recovery PX Technology Highlights and Impact
Over the past decade, Energy Recovery has been refining its SWRO clean technologies and employing its premium energy recovery solutions around the world – currently accounting for 90 percent of the ERD market share globally. The EPC consortium selected the PX Q300 device for the Al Ghubrah project because the solution boasts:
The lowest life cycle cost of any energy recovery device in the market.
Highest guaranteed efficiency of 97.2 percent.
Highest availability (99.8 percent uptime) with zero downtime.
Smallest installed footprint than any other ERD.
Lifetime designed for 25+ years.
About Energy Recovery
Energy Recovery Inc. (NASDAQ: ERII) technology harvests power from high-pressure fluid flows and pressure cycles. Through collaboration with industry, Energy Recovery helps make industrial processes within water, oil & gas, and other industries more profitable and environmentally sustainable. With over 15,000 energy recovery devices installed worldwide, Energy Recovery sets the standard for engineering excellence, cost savings, and technical services to clients across the globe. Year after year, the company’s clean technologies save clients over $1.4 Billion (USD) in energy costs. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. www.energyrecovery.com
Energy Recovery Inc. (NASDAQ: ERII), the leader in harnessing reusable energy from industrial fluid flows and pressure cycles, today announced that ACCIONA Agua has chosen Energy Recovery to provide its premium PX® Q line of energy recovery devices for the United Arab Emirates’ (UAE) Fujairah 1 Expansion desalination project. With the PX Q technology, the plant will conserve 83,000 metric tons of CO₂ per year – amounting to 140 million kWh of energy savings and over US$14 million in cost savings annually.
The project involves the Emirates SembCorp Water & Power Company, a public-private company made up of the Abu Dhabi Water & Electricity Authority (ADWEA) and Singapore’s SembCorp water and energy utility who awarded the contract to ACCIONA Agua and Infrastructure. Fujairah 1 Expansion or F1, is the longest running hybrid seawater desalination plant in the Middle East, combining thermal and reverse osmosis technologies. This project will increase water production by 136,500 m³/day totaling the plant’s production capacity to 592,000m3/day.[1] Considering that water scarcity in the UAE and in the MENA region will continue to be a pressing issue, this project could not be happening at a better time. MENA is home to 6.3 percent of the world’s population but has access to only 1.4 percent of the world’s renewable fresh water.
According to UAE and Integrated Water and Power Plant regulations, the F1 design specifications included a ‘not-to-exceed’ maximum power consumption limit and only Energy Recovery’s isobaric PX Q solution fits this requirement. In choosing Energy Recovery’s PX Q technology, ACCIONA’s objectives were two-fold: to lower the power consumption of water production for the end-user and to reduce the physical footprint of the energy recovery device trains. When the original plant was first built in 2003, legacy Pelton technology was chosen. Now that Fujairah 1 is expanding the facility, the new plant will use an isobaric design, allowing the end-user to produce water at net-lower power consumption.
“Energy Recovery has a long-standing reputation as a premium partner in the UAE and the MENA region. We want to be vigilant with the specifications of the plant and the PX Q solution gives us the security we need to fulfill the required project guarantees,” explained Manuel Manjón, International Construction Director for ACCIONA Agua and Project Manager for the F1 Expansion.
Located in Qidfa, Fujairah, this project is one of several that will come online throughout the next decade, after many years of delays in the Persian Gulf region due to the global financial crisis. Since 2012, many projects in the region’s largest economies including Saudi Arabia, UAE, Qatar and Oman have rekindled activity. In fact, the UAE recently announced a 51 million dirham (or US$14 billion) investment plan for water treatment plants for the next four years.[2]
“It’s thrilling to be a part of the UAE’s push to advance the hybridization and technology advancements of desalination plants – and to be on the forefront of huge growth in the region. From reducing capital costs and lowering carbon emissions, the companies leading the F1 Expansion effort understand the economic and environmental benefits of this method,” states Tom Rooney, CEO of Energy Recovery.
Additional Project Details
For an animated video showing how the PX device works, click here.
Energy Recovery Inc. (NASDAQ: ERII) technology harvests power from high-pressure fluid flows and pressure cycles. Through collaboration with industry, Energy Recovery helps make industrial processes within water, oil & gas, and other industries more profitable and environmentally sustainable. With over 14,000 energy recovery devices installed worldwide, Energy Recovery sets the standard for engineering excellence, cost savings, and technical services to clients across the globe. Year after year, the company’s clean technologies save clients over $1.2 Billion (USD) in energy costs. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. www.energyrecovery.com
Energy Recovery Inc. (NASDAQ: ERII), the leader in harnessing reusable energy from industrial fluid flows and pressure cycles, today announced that the Company has shipped its Pressure Exchanger (PX) Q300 energy recovery devices for a mega-scale desalination plant off the coast of Jorf Lasfar, a deepwater commercial port located south of Casablanca on the Atlantic coast of Morocco.
The Office Chérifien des Phosphates (OCP), a Moroccan-owned phosphate exporter, is the main contributor and contractor for the Jorf Lasfar project involving the development of the desalination plant and mining operations for the zone. The Jorf Lasfar plant will be built by Cadagua S.A., a leading engineering and procurement contractor. In this first phase, the plant will have a total estimated capacity of 75,800 cubic meters per day (20 million gallons per day), and by its final completion it will be producing an estimated 225,000 m³/day (59.4 MGD).
“Energy Recovery has been supplying energy recovery devices and technical support for several of our key overseas projects over many years. Our selection was based on Energy Recovery’s track record of providing high-availability, low-maintenance and long-term performance.” said Antonio Casado, Managing Director of CADAGUA.
“As the Middle East and Africa region continues to grow at such a rapid pace, its demand for desalination is ever present. In the last several months, we have noticed an increase in desalination project activity within the region,” stated Tom Rooney, Chief Executive Officer of Energy Recovery. “Clients such as Cadagua have been extraordinary partners to Energy Recovery over the last decade, and we are proud to be supporting this new, massive-scale effort with our high-performing PX-Q300 technology.”
While this installation is Energy Recovery’s first mega-project in Morocco, the company’s innovative clean technology has been implemented in close to 100% of all large-scale North African projects in the region. According to market reports, the African continent anticipates significant growth for energy recovery devices in the next four years, a direct result of the influx of desalination plants in the North African region. In April 2010, the Trekkopje mine in Namibia inaugurated the 54,888 cubic meters per day (14.5 MGD) desalination plant which also operates with PX devices.
About Energy Recovery
Energy Recovery Inc. (NASDAQ: ERII) technology harvests the power of pressure from high-pressure fluid flows and pressure cycles. Through collaboration with industry, Energy Recovery helps make industrial processes within water, oil & gas, and chemical industries more profitable and environmentally sustainable. With over 14,000 energy recovery devices installed worldwide, Energy Recovery sets the standard for engineering excellence, cost savings, and technical services to clients across the globe. Year after year, the company’s clean technologies save clients over $1.2 Billion (USD) in energy costs. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. www.energyrecovery.com
Energy Recovery, Inc. (NASDAQ: ERII), the leader in recycling fluid pressure in the oil and gas, chemical and water industries, today announced the Company was awarded the Mirfa mega desalination plant project for its highly reliable PX Pressure Exchanger technology in Abu Dhabi, United Arab Emirates. Mirfa has a production capacity of 136,000 cubic meters per day, tying the Fujairah 1 Expansion as the largest desalination plant reference for Energy Recovery in the UAE.
Power demand in Abu Dhabi is growing at a rate of more than 10 percent a year, while water consumption is projected to rise from 880 million imperial gallons a day at present to 1.15 billion by 2021 as a result of new industrial developments and a fast-growing population. Every year in the UAE alone, Energy Recovery’s technology helps produce 405,818,685 liters of water per day and preserves 470,671,591 kWh of energy and $47,067,159 in cost savings. In the country, these savings amount to 324,552 metric tons of carbon dioxide. This is equivalent to taking about 70,000 vehicles off of the road permanently.
“As water and energy demand increase around the globe, more countries are looking to our pressure exchange technology to provide cost effective and energy efficient solutions,” said Tom Rooney, Energy Recovery CEO. “As the fourth mega desalination plant in the UAE and the 13th overall, the PX Q300 implementation at Mirfa further validates the technology’s strong performance, track record and OEM preference.”
After the new technology is fully integrated to the Mirfa plant, the project will have total power generating capacity of 1,600 megawatts and the capacity to deliver nearly 240,000 cubic meters of drinking water per day.
Energy Recovery’s PX pressure exchanger and AT TurboCharger technologies are the most efficient and reliable solutions on the market in energy recovery for desalination. This award-winning family of products is unmatched in the industry and is widely adopted around the world for seawater desalination projects, both large and small.
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 Bay Area, Energy Recovery has offices in Barcelona, Shanghai, and Dubai. Learn more at www.energyrecovery.com.
Energy Recovery Inc. (NASDAQ: ERII) announced today that its technology will be used in the Carlsbad Desalination Project to help reach its ambitious carbon neutral goals while significantly reducing overall energy costs. IDE, technology provider and future operator of the plant, awarded Energy Recovery a contract for its innovative energy recovery device (ERD) technology to the project, which will be the largest desalination plant in the western hemisphere. As part of the agreement, Energy Recovery will provide 144 of its PX Pressure Exchanger Q300 units to the seawater reverse-osmosis (SWRO) plant, aiding the estimated production output of 189,250 cubic meters of desalinated water per day (equivalent to 50 million gallons per day). The units are expected to ship by the end of the year.
By choosing the PX technology, the vanguard project for California’s first large-scale plant will save an estimated 116 million kWh (kilowatt-hours) of energy per year, the equivalent of $12 million. This energy savings will also reduce CO2 emissions by 41,000 metric tons per year- roughly the annual greenhouse gas emissions from 8,542 passenger vehicles.
Energy Recovery’s PX Pressure Exchanger devices work by capturing hydraulic energy from the high-pressure reject stream of SWRO processes and transfers this energy to low-pressure feed water with an efficiency of over 98 percent. Because the PX device itself consumes no electrical power and recycles otherwise lost energy in the form of pressure, the overall energy consumption of the process is drastically reduced.
Carlsbad Desalination Project Represents Opportunity for Desalination in U.S.
When the Carlsbad plant comes online in 2016, it will bring the largest, most technologically advanced and energy-efficient desalination plant in the western hemisphere to San Diego County. In California and across the U.S., long-standing sources for fresh water are either diminishing because of droughts or becoming unsustainable given population and agricultural growth. The Carlsbad Desalination Project will provide the region with a locally-controlled, drought-proof supply of high-quality water that meets or exceeds all state and federal drinking water standards.
Semi-arid San Diego County has very limited local water resources; the County Water Authority’s long-term strategy to enhance the reliability of the region’s water supply includes diversifying its water supply sources. The Carlsbad Desalination Project is a crucial element of this plan and will provide enough high-quality drinking water to serve up to 112,000 households.
Along with the other project partners, Energy Recovery is working to demonstrate that desalination is a viable solution to growing water demand. The Carlsbad desalination plant is signaling a trend for upcoming projects in the U.S. According to Global Water Intelligence, there are currently more than 12 desalination projects in various stages of planning in California, and more that 40 medium and large projects on the drawing board across the U.S.
“The Carlsbad project has moved the needle for the desalination industry in the U.S. said Tom Rooney, CEO at Energy Recovery. “We’re excited to bring our experience and technologies to help this project and future U.S. desalination plants maximize their energy savings just as we have helped quench demand in regions and countries lacking fresh water like Australia, China and the Middle East North Africa.”
Energy Recovery PX Technology Highlights and Impact
Over the past decade, Energy Recovery has been refining its SWRO clean technologies and employing its premium PX Pressure Exchanger solutions around the world – currently accounting for 90 percent of the ERD market share globally. IDE selected the PX Q300 device for the Carlsbad project because the solution boasts:
The lowest life cycle cost of any energy recovery device in the market.
Highest guaranteed efficiency of 97.2 percent.
Highest availability (99.8 percent uptime) with zero downtime.
Smallest installed footprint than any other ERD.
Lifetime designed for 25+ years.
Energy Recovery devices have made it possible for the desalination market to flourish. The Carlsbad desalination plant is signaling a trend for upcoming projects in the U.S.
“At 50 million gallons per day, we chose the most reliable and efficient energy recovery technology on the market. For larger plants such as the Carlsbad Desalination project, it’s important to weigh the energy saving solutions and economies of scale,” states Avshalom Felber, CEO of IDE Technologies. “We have a long and trusted relationship with Energy Recovery and together we’ll show that advanced clean water solutions make desalination possible for California by reducing and mitigating the negative CO2 effects and water costs.”
Peter MacLaggan, VP of Poseidon Water-developer of the Carlsbad plant-states, “IDE’s choice of Energy Recovery’s PX technology was the right choice. The economics and environmental benefits are clear. This is part of our goal and promise: to keep costs down and make sure we are carbon neutral in the plant’s operation.”
Additional Project Details
Poseidon Water LLC is the developer responsible for securing the Water Purchase Agreement (WAP) with San Diego County Water Authority (SDCWA). Financing up to $734 million was secured through the sale of Private Activity Bonds. The plant is a joint venture between Kiewit/JF Shea Construction and it has been contracted to IDE Technologies as the SWRO design contractor. IDE will operate the plant and is responsible for all process and performance guarantees.
For an animated video showing how the PX device works, click here. For high-resolution photographs of the PX device, click here.
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 the expected shipment date of the PX energy recovery devices 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.
About Energy Recovery
Energy Recovery Inc. (NASDAQ: ERII) technology harvests power from high-pressure fluid flows and pressure cycles. Through collaboration with industry, Energy Recovery helps make industrial processes within water, oil & gas, and other industries more profitable and environmentally sustainable. With over 14,000 energy recovery devices installed worldwide, Energy Recovery sets the standard for engineering excellence, cost savings, and technical services to clients across the globe. Year after year, the company’s clean technologies save clients over $1.2 Billion (USD) in energy costs. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. www.energyrecovery.com
Celebrate the 10th edition of the Saudi Water and Power Forum (SWPF), which is now moving to Riyadh – the heart of the water and power industry! SWPF is an annual forum and exhibition for the water and power stakeholders held under the Ministry of Water & Electricity patronage and produced by the CWC Group in partnership with Moya Bushnak.
The 10th Year Anniversary Edition’ will focus on achievements attained in the past 10 years for both the water and power sectors. We will also be hearing from the key government stakeholders on their plans and priorities moving forward with regards to these key sectors.
If you wish to use any of these images, you must place a credit on or nearby these images to read: Energy Recovery Inc.
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