SAN LEANDRO, Calif.--(BUSINESS WIRE)--Jul. 30, 2015--
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.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150730005636/en/
Source: Energy Recovery Inc.
Energy Recovery Inc.
Equity Group Inc.
Adam Prior, +1-212-836-9606