New 120,000 m3/day (31.7 million US gallons per day) SWRO Plant in Algeria
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Dec. 11, 2008--Energy Recovery, Inc. ("ERI") (NASDAQ:ERII),
a global leader of ultra-high-efficiency energy recovery products and
technology for desalination, announces another large-scale energy
recovery contract for seawater reverse osmosis (SWRO) desalination in
Algeria. The Fouka SWRO Desalination project is designed to produce
120,000 cubic meters per day (m3/day, 31.7 million US gallons
per day (MGD)). It is scheduled to begin operation in early 2010.
The Fouka SWRO Desalination Plant will be located in Tipasa near the
city of El Jazair on Algeria's northern coast. The project is being
developed by Acciona Agua of Spain and SNC Lavalin International of
Canada on a 25 year build, own and operate (BOO) contract basis. The 138
ERI PX-220 energy recovery devices are expected to save nearly 13 MW of
energy or over 113,000 MWh per year. In total, ERI
is helping to produce over 1.5 million m3/day (396 MGD) of
drinking water for the Algerian region alone, saving an estimated 440 MW
of energy on an ongoing basis.
Recently, Acciona Agua as part of a consortium also contracted ERI's PX
technology for the Tordera
desalination plant near Barcelona. Here, older turbine technology
was replaced with advanced, more efficient PX Pressure Exchanger devices
to save energy and increase plant production capacity.
Borja Blanco, ERI's GM and VP, Mega Projects Division, stated, "This
contract award, along with Tlemcen Souk Tleta, consolidate ERI as the
preferred supplier of energy recovery devices in the Mediterranean
basin. Eight major desalination projects have been awarded by different
contractors in Algeria so far, and all of them with ERI PX technology.
Using our energy recovery solution allows the Algerian government to
provide affordable water to their constituents."
Energy Recovery, Inc. (ERI) is a leading manufacturer of energy recovery
devices which help make desalination affordable by significantly
reducing energy consumption. ERI's PX Pressure Exchanger(R) (PX(R)) device
is a rotary positive displacement pump that recovers energy from the
high pressure reject stream of SWRO systems at up to 98% efficiency with
no downtime or scheduled maintenance.
The company has research, development and manufacturing facilities in
the San Francisco technology corridor as well as direct sales offices
and technical support centers in key desalination hubs such as Madrid,
UAE, Shanghai and Florida. ERI service representatives are based in
Algeria, Australia, China, India, Korea, Mexico, Taiwan and the
For more information on ERI and PX technology, please visit our web site
Note on Forward Looking Statements
This press release includes "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. Such
forward-looking statements include statements regarding the timing of
plant construction, availability of financing for new desalination plant
construction, and the timing of obtaining various government approvals.
Because such forward-looking statements involve risks and uncertainties,
the Company's actual results may differ materially from those projected
in such forward-looking statements. Factors that could cause actual
results to differ materially include, but are not limited to, delays or
postponements in the construction of desalination plants, delays
in governmental approvals, changes in customers' budgets for
desalination plans and the timing of their purchasing decision, and
other risks detailed in the Company's filings with the Securities and
Exchange Commission (SEC). All forward-looking statements are made as of
today, and the Company assumes no obligation to update such statements.
For more details relating to the risks and uncertainties that could
differ materially from those anticipated in our forward-looking
statements, please refer to the Company's SEC filings, including its
Form 424(b)4 Prospectus filed on July 2, 2008, and in particular, the
risk factor sections of such filings.
CONTACT: Energy Recovery Inc.
Audrey Bold, 510-483-7370
Source: Energy Recovery Inc.