Energy Recovery Awarded More Than $12 Million in Desalination Contracts in the United Arab Emirates
Energy Recovery (NASDAQ: ERII) has secured contracts worth over $12 million for its PX® Pressure Exchanger® energy recovery devices for three seawater reverse osmosis (SWRO) desalination projects in the United Arab Emirates. The projects have a total capacity of nearly 1 million cubic meters per day, with orders expected to ship by Q4 2024. One contract includes PX installations on a floating desalination barge in the Arabian Gulf.
The contracts will utilize both PX Q400 and PX Q300 models, offering operational sound levels of just 79 decibels. Energy Recovery's PX technology can reduce energy use by up to 60% in SWRO facilities, providing the lowest lifecycle cost of any energy recovery device available. These projects are projected to save over 416 gigawatt hours of energy annually, avoiding 201,265 tons of CO2 emissions per year.
- Secured contracts worth over $12 million for PX energy recovery devices
- Projects have a total capacity of nearly 1 million cubic meters per day
- Orders expected to ship by Q4 2024
- PX technology can reduce energy use by up to 60% in SWRO facilities
- Projected to save over 416 gigawatt hours of energy annually
- Avoids 201,265 tons of CO2 emissions per year
- None.
Insights
The
Notably, ERII's market leadership in the UAE is evident, with their contracted capacity now reaching approximately 5 million cubic meters per day since their first large-scale reference in 2008. This demonstrates strong customer trust and product reliability over time.
The inclusion of a floating desalination barge project showcases ERII's adaptability to innovative desalination approaches, potentially opening new market segments. The energy savings of over 416 gigawatt hours per year from these projects highlight the significant operational cost reductions ERII's technology brings to customers, which could drive further adoption and sales growth.
While these contracts were already factored into the company's financial guidance, they reinforce ERII's strong position in a growing market, potentially supporting stable revenue streams and profitability in the medium term.
Energy Recovery's PX technology demonstrates significant environmental benefits in the desalination industry. The ability to reduce energy use by up to
The implementation of quieter PX Q400 and Q300 models, operating at just 79 decibels, addresses noise pollution concerns often associated with industrial processes. This improvement in workplace environments could lead to broader acceptance of desalination plants in more populated areas.
The floating desalination barge concept is particularly intriguing from an environmental perspective. By moving operations offshore, it mitigates land use issues and potentially reduces coastal ecosystem impacts. This innovation could pave the way for more sustainable desalination practices globally, especially in regions with coastal land availability.
As water scarcity becomes an increasingly pressing global issue, ERII's technology positions the company as a key player in sustainable water solutions, likely to see growing demand as countries invest in drought-proofing their water infrastructure.
One of the recently awarded contracts will include PX installations on a floating desalination barge in the Arabian Gulf, which will produce fresh water offshore before pumping it back to the mainland. Offshore desalination facilities eliminate the need for swaths of coastal land, which is often limited and expensive, making it a viable option for densely populated coastal regions. The contracts in the
“Energy Recovery has been the trusted gold standard in energy recovery solutions for the seawater reverse osmosis desalination industry for well over a decade,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “Our first large-scale reference in the region was contracted in 2008, and we have since grown our contracted capacity to approximately 5 million cubic meters per day, underscoring our market leadership position in the
Energy Recovery’s PX can reduce energy use by up to
About Energy Recovery
Energy Recovery is a trusted global leader in energy efficiency technology. Building on our pressure exchanger technology platform, we design and manufacture reliable, high-performance solutions that generate cost savings, increase energy efficiency, and reduce carbon emissions across several industries. With a strong foundation in the desalination industry, Energy Recovery has delivered transformative solutions that increase operational efficiency and environmental sustainability to our customers worldwide for more than 30 years. Headquartered in the
Forward-Looking Statements
Certain matters discussed in this press release are “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. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the
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Source: Energy Recovery
FAQ
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