Energy Recovery

Energy Recovery Announces $15 Million in SWRO Contracts in India

Retrieved on: 
Thursday, May 9, 2024
Environment, Technology, Chemicals, Plastics, Utilities, Other Technology, Manufacturing, Energy, Other Natural Resources, Natural Resources, Climate change, Energy Recovery, Fresh water, Drinking water, PX, Seawater, Water, Carbon, Plant, Face, Water supply, ERII, Natural gas

Energy Recovery, Inc. (Nasdaq: ERII) today announced $15 million in contracts to supply its PX® Pressure Exchanger® energy recovery devices to seawater reverse osmosis (SWRO) desalination plants in India.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq: ERII) today announced $15 million in contracts to supply its PX® Pressure Exchanger® energy recovery devices to seawater reverse osmosis (SWRO) desalination plants in India.
  • All together, these plants will provide over 670,000 cubic meters of clean drinking water to communities in India each day.
  • The PX can reduce the energy consumption of an SWRO desalination system by as much as 60%.
  • When installed, Energy Recovery estimates the PX will prevent over 300,000 metric tons of carbon emissions from entering the atmosphere from these projects each year.

Energy Recovery Reports its First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Other Energy, Environment, Utilities, Sustainability, Green Technology, Energy, Energy Recovery, Marketing, CO2, Investment, ERII, Cryptocurrency

Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the first quarter ended March 31, 2024.
  • Revenue of $12.1 million, which is in-line with our February 2024 guidance.
  • Gross margin of 59.0%, a decrease of 190 bps, as compared to Q1’2023, due primarily to higher manufacturing costs and an increase in inventory scrap.
  • David Moon, President and CEO, commented on the financial results: “The first quarter was a busy one for us and played out as we expected.

Energy Recovery Announces CFO Transition

Retrieved on: 
Wednesday, February 21, 2024
Engineering, Other Energy, Environment, Manufacturing, Green Technology, Energy, Other Manufacturing, CFO, Energy Recovery, Growth, ERII, Korn Ferry

Energy Recovery, Inc. (Nasdaq: ERII), a trusted global leader in energy efficiency technology, today announced Joshua Ballard has made the decision to step down from his position as Chief Financial Officer at the end of June 2024.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq: ERII), a trusted global leader in energy efficiency technology, today announced Joshua Ballard has made the decision to step down from his position as Chief Financial Officer at the end of June 2024.
  • A search to identify Energy Recovery’s next CFO is underway with the executive search firm Korn Ferry.
  • “I want to thank Josh for his tremendous leadership and contributions to the success of Energy Recovery.
  • Mr. Ballard joined Energy Recovery in 2018 and has helped steer the company to multiple years of consecutive revenue and profit growth, as well as a strong cash position, important assets as Energy Recovery continues to diversify beyond its core desalination business.

Energy Recovery Reports Record Full Year and Fourth Quarter Revenue for 2023

Retrieved on: 
Wednesday, February 21, 2024
Other Energy, Environment, Utilities, Sustainability, Green Technology, Energy, PX, Investment, Growth, Q3, Energy Recovery, ERII, CO2, Risk, Video game

Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the fourth quarter and year ended December 31, 2023.
  • Record annual revenue of $128.3 million, which includes a 79% growth in wastewater and represents nine consecutive years of revenue growth.
  • Record quarterly revenue of $57.2 million, representing a 35% year-on-year growth with strong performance in Energy Recovery’s primary desalination business and the continued rapid expansion of the company’s wastewater sector.
  • “We achieved record annual and fourth quarter revenue in 2023, which represents our ninth consecutive year of revenue growth despite a shift of $8 million revenue associated with a single project that was pushed from the fourth quarter into 2024,” commented David Moon, President and CEO.

Energy Recovery Announces $28 Million in Desalination Contracts for Flagship PX Q400 Energy Recovery Device

Retrieved on: 
Tuesday, February 13, 2024
Environment, Technology, Chemicals, Plastics, Utilities, Other Technology, Manufacturing, Energy, Other Natural Resources, Natural Resources, Q400, PX, Water, ERII, Carbon, Gold, Energy Recovery, Seawater

Energy Recovery, Inc. (Nasdaq: ERII) today announced the award of contracts totaling over $28 million to supply its newest top-of-the-line PX® Pressure Exchanger® energy recovery device (ERD), the PX Q400 , to mega desalination projects in the Gulf region.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq: ERII) today announced the award of contracts totaling over $28 million to supply its newest top-of-the-line PX® Pressure Exchanger® energy recovery device (ERD), the PX Q400 , to mega desalination projects in the Gulf region.
  • These facilities will produce nearly 1.5 million cubic meters of water for municipal use in the Gulf, a significantly water-stressed region, and the awards demonstrate confidence in Energy Recovery’s latest innovation, the PX Q400.
  • “The PX Q400 is the new gold standard ERD for SWRO desalination,” said Rodney Clemente, Energy Recovery Senior Vice President of Water.
  • When installed, the PX Q400 devices are projected to prevent more than 600,000 metric tons of carbon emissions from entering the atmosphere, which is equivalent to removing roughly 130,000 passenger cars from the road each year.

Energy Recovery Appoints David Moon as President and CEO

Retrieved on: 
Monday, January 22, 2024
Other Manufacturing, Environment, Technology, Other Energy, Environmental Health, Utilities, Manufacturing, Energy, Hardware, CCR, Tenneco, CO2, Refrigeration, OEM, Energy Recovery, Lennox International, Growth, Carrier Global, Acquisition, Case Corporation, PX, Organization, Marketing, ERII, Management

Energy Recovery, Inc. (Nasdaq: ERII), a trusted global leader in energy efficiency technology, today announced David Moon has been named President and Chief Executive Officer of the Company.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq: ERII), a trusted global leader in energy efficiency technology, today announced David Moon has been named President and Chief Executive Officer of the Company.
  • Moon has served as interim President and CEO since October 2023 and will continue serving on the Board of Directors.
  • “David is the right leader to drive our long-term growth,” said Board Chair Pamela Tondreau.
  • Moon said, “I want to thank the Board for their vote of confidence as well as Robert Mao and the entire Energy Recovery team for building a strong company that is well-positioned for continued growth.

ASEAN Ceramics 2023: the premier trade fair for Ceramics - Machinery, Technology and Materials professionals in Southeast Asia

Retrieved on: 
Friday, November 17, 2023
MOC, LTD, International trade, TCVN, VABM, VITIS, Conference, Consultant, AES, TCS, VCCA, Exhibition, Digitalization, Machine, KCFA, Building material, Fuel pump, Ministry, ISO, School, FREE, International Centre, CICA, Research, Energy Recovery, SACMI, CCPIT, Equipment, KFCA, Porcelain

The event is organized by Messe Munchen, a leading international trade fair organizer, and is expected to attract thousands of exhibitors and visitors from around the world.

Key Points: 
  • The event is organized by Messe Munchen, a leading international trade fair organizer, and is expected to attract thousands of exhibitors and visitors from around the world.
  • Vietnam, 10 November 2023 - ASEAN Ceramics, Southeast Asia's leading international exhibition of machinery, technology and materials for manufacturing white-ware, heavy clay, bricks and advanced ceramics, will open its doors on Tuesday, 28 November in Hanoi.
  • The Department of Silicate Materials Technology, School of Chemistry and Life Sciences, Hanoi University of Science and Technology have partnered with ASEAN Ceramics to launch the Ceramic Job and Education Fair.
  • The ASEAN Ceramics Conference will take place on 28 - 30 November in parallel to the with the trade fair.

Heat And Energy Recovery Ventilation System Market size to increase by USD 1.77 billion during 2023-2028, Rising demand for heat and energy recovery ventilation systems due to awareness of indoor air quality to drive the growth - Technavio

Retrieved on: 
Friday, December 15, 2023
Transfer, Electronics, Element, Cross, Trane Technologies, Tic, Growth, HVAC, FREE, Johnson Controls, Daikin, Internet of things, Lennox International, Filter (signal processing), Cabinet, Education minister, Indoor air quality, USD, Automation, Sustainability, Energy recovery ventilation, Energy Recovery, Air conditioning, Commercial, Panasonic, Internet, Control, YOY, Allergen, Free, Carbon, Carrier Global, Nature, HRV, ERV, Atmosphere, Mitsubishi Electric, Environment, Pharmaceutical industry, Geography, Ventilation, Heat

The rising demand for heat and energy recovery ventilation systems due to awareness of indoor air quality drives market growth.

Key Points: 
  • The rising demand for heat and energy recovery ventilation systems due to awareness of indoor air quality drives market growth.
  • The integration of heat and energy recovery ventilation systems with smart building technologies and the Internet of Things is an emerging market trend.
  • Ventilation Units and Components: Heat recovery ventilation (HRV) and energy recovery ventilation (ERV) systems comprise various components essential for their efficient operation.
  • Air Filtration and Indoor Air Quality: The inclusion of air filtration mechanisms within ventilation systems is vital for improving indoor air quality.

Energy Recovery Achieves 22% Year-on-Year Quarterly Revenue Growth, Beating Guidance

Retrieved on: 
Wednesday, November 1, 2023
Other Energy, Environment, Utilities, Sustainability, Green Technology, Energy, Refrigeration, Sustainability reporting, XTE, Growth, ERII, Energy Recovery, Interim, CO2, Investment, Cryptocurrency, Video game

Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the third quarter and nine months ended September 30, 2023.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the third quarter and nine months ended September 30, 2023.
  • Revenue of $37.0 million, exceeding the upper end of our guidance which was attributed to an increase in megaproject revenues.
  • Issued our annual Sustainability Report, which includes our commitment to reduce our emissions in relation to revenue by 65% by 2026.
  • It’s an exciting time to join the Energy Recovery team as the Interim President and CEO, and I look forward to working with the management team to help ensure we make substantial progress in 2024.”

Energy Recovery Announces Leadership Transition

Retrieved on: 
Tuesday, October 24, 2023
Technology, Manufacturing, Other Natural Resources, Other Energy, Utilities, Other Technology, Natural Resources, Software, Environment, Energy, Chemicals, Plastics, OEM, Carrier Global, American Woodmark, Case Corporation, Tenneco, CCR, Acquisition, Lennox International, Growth, AlliedSignal, ERII, PX, CO2, Lead, Public Interest Declassification Board, Heat, Energy Recovery, Refrigeration, Management

Energy Recovery, Inc. (Nasdaq: ERII) today announced Mr. David Moon, a current member of the Energy Recovery Board of Directors, has been appointed interim Chief Executive Officer, effective immediately.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq: ERII) today announced Mr. David Moon, a current member of the Energy Recovery Board of Directors, has been appointed interim Chief Executive Officer, effective immediately.
  • "The Board has firm conviction in Energy Recovery’s long-term potential and is confident Mr.
  • Moon is the right leader for this moment of transition, alongside the rest of the management team,” said Ms. Tondreau.
  • “The Board will work closely with the management team to ensure this transition is seamless for Energy Recovery’s shareholders, customers, employees, and suppliers.”
    Ms. Tondreau continued, “The Board thanks Mr. Mao for his leadership in developing the concept of our PX technology as a platform.