Energy Recovery awarded $5.8M for water projects in Saudi Arabia

The company will supply equipment and services to multiple desalination facilities in the Kingdom of Saudi Arabia.

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SAN LEANDRO, CA & SAUDI ARABIA, JULY 23, 2019 -- Energy Recovery, Inc. (NASDAQ: ERII) announced total awards of $5.8 million (USD) to supply its PX® Q300 Pressure Exchanger® devices along with related equipment and services to multiple desalination facilities in the Kingdom of Saudi Arabia.

The devices are expected to ship in Q3 of 2019. These awards continue Energy Recovery’s growing footprint in the region. Earlier this year, the company announced separate desalination projects in Saudi Arabia worth $8.8 million, as well as projects in the United Arab Emirates and the Sultanate of Oman.

“Through our water business, we continue to see opportunity and growth in the Middle East and across the globe,” said Energy Recovery President and CEO Chris Gannon. “As freshwater supply is strained by population growth, industrialization, rapid urbanization, and climate change, our energy recovery devices provide an innovative solution to help increase the supply and decrease the cost and carbon emissions associated with the production of critically needed freshwater. Today, our more than 20,000 devices installed worldwide help meet the daily water use of over 50 million people.”

Energy Recovery is a leader in pressure energy technology for industrial fluid flows. The company’s PX Pressure Exchanger (PX) is the most-installed energy recovery device for SWRO desalination facilities larger than 50,000 m3/d water capacity.

“We see a surge in SWRO desalination plant construction in the Middle East,” said Energy Recovery Vice President of Water Rodney Clemente. “This growth is a mixture of greenfield projects to increase local water supply and retrofits of existing desalination plants from thermal to SWRO technology. These existing plants are needed to maintain the status quo water supply, and as thermal desalination infrastructure ages in the region, facilities are noticing the cost savings SWRO provides — thanks in part to our PX — and investing in SWRO infrastructure.”

Energy Recovery estimates the PXs supplied to the Saudi Arabia desalination facilities will reduce power consumption for all projects by 31.7 megawatts, saving over274 gigawatt-hours of energy per year. The facilities will produce up to 246,000 cubic meters of water per day - enough freshwater to meet the daily consumption of approximately 400,000 people.

For more information, visit www.energyrecovery.com.

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