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Energy Recovery Inc. (NASDAQ: ERII)[3] is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.[4][5]
| Company type | Public |
|---|---|
| Nasdaq: ERII Russell 2000 Component | |
| Industry | Water, CO2 Refrigeration |
| Founded | 1992 |
| Founder | Leif Hauge |
| Headquarters | |
Number of locations | 3 |
Area served | Worldwide |
Key people | David Moon, CEO |
| Products | PX Pressure Exchanger |
| Revenue | $128,349,000 (2023)[1] |
| Total assets | $252,974,000 (2023)[1] |
| Total equity | $219,808,000 (2023)[1] |
Number of employees | 269 (2023)[2] |
| Website | energyrecovery |
History edit
Energy Recovery was founded in 1992 by Leif and Marissa Hauge and incorporated in Virginia. The company was reincorporated in Delaware in 2001.[6] Energy Recovery began selling its PX pressure exchanger products for seawater reverse osmosis (SWRO) desalination applications in 1997 and went public in 2008. It has since expanded its product offerings to include a variety of pressure exchangers operating at multiple pressure ranges for desalination, wastewater treatment, and CO2 refrigeration.[6]
The company is currently led by David Moon, President and Chief Executive Officer.[7]
Products edit
PX Pressure Exchanger edit
The PX Pressure Exchanger device is Energy Recovery's flagship product used in desalination.[8] The Pressure Exchanger's technology utilizes pressure energy to reduce electricity and maintenance costs.[9] The device collides two fluid flows, transferring the energy from one fluid to the next. This energy transfer occurs in a fraction of a second, reducing the interaction between the two fluids.[10] Energy Recovery developed pressure exchanger products for specific applications, including its PX G1300™ for the CO2 refrigeration industry,[11] and its Ultra PX™ for Ultra High-Pressure Reverse Osmosis (UHPRO) applications in wastewater treatment.[12]
Energy Recovery holds a majority market share in the desalination industry.[13] There are more than 30,000 Pressure Exchangers supplied in more than 100 countries worldwide.[14] The company's technologies have cut more than 14 billion kWh of energy each year and produced more than 12 billion liters of clean water daily.[15]
References edit
- ^ a b c "Energy Recovery Reports Record Full Year and Fourth Quarter Revenue for 2023". ir.energyrecovery.com. Energy Recovery. Retrieved 31 December 2023.
- ^ "Company Information". ir.energyrecovery.com. Energy Recovery. Retrieved 21 February 2024.
- ^ "Energy Recovery, Inc. Common Stock". Nasdaq. Retrieved December 22, 2023.
- ^ "Form 10-K". Securities and Exchange Commission. p. 21. Retrieved 4 Jan 2021.
- ^ Kaye, Leon (8 March 2013). "The Business Case for Sustainable Technology". The Guardian.
- ^ a b "San Leandro's Energy Recovery shines in IPO - San Francisco Business Times". San Francisco Business Times. Retrieved 2016-03-23.
- ^ "Energy Recovery Appoints David Moon as President and CEO". Jan 2024. Retrieved 2021-01-05.
- ^ "Energy Recovery Offers Savings to Gas Industry | Alternative Energy Stocks". www.altenergystocks.com. Archived from the original on 2017-06-27. Retrieved 2016-03-23.
- ^ "2021 ERII 10-K". SEC.gov. Securities and Exchange Commission. Retrieved 23 March 2023.
- ^ "Creating an Economical Drinking Water Supply | The Solutions Source of the Water & Wastewater Industry". www.wwdmag.com. 13 October 2014. Retrieved 2016-03-23.
- ^ "PX G1300". Energy Recovery, Inc. Retrieved 23 March 2023.
- ^ "Ultra PX". Energy Recovery, Inc. Retrieved 23 March 2023.
- ^ "Riding the desalination Wave of Energy Recovery". www.waterworld.com. September 2013. Retrieved 2016-03-23.
- ^ "2021 ESG Highlights" (PDF). Energy Recovery, Inc. p. 18. Retrieved 23 March 2023.
- ^ "What is osmotic power? | AltEnergyMag". www.altenergymag.com. Retrieved 2016-03-23.