Energy Recovery bags $5.4mn desalination deal

Energy Recovery bags $5.4mn desalination deal
Published: 5 June 2016 - 1:52 a.m.
By: Baset Asaba

Energy Recovery, Inc. (NASDAQ: ERII), a leading company in pressure energy technology for industrial fluid flows, today announced total awards of $5.4 million to supply its PX Pressure Exchanger 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.

It 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."

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