Press Releases
Energy Recovery Announces $28 Million in Desalination Contracts for Flagship PX Q400 Energy Recovery Device
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- 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, ...... read more
Energy Recovery to Release Full Year and Fourth Quarter 2023 Financial Results
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the year and quarterly period ending December 31, 2023, and will host a conference call to discuss the results and related matters on February 21, 2024 after market close. EARNINGS RELEASE Wednesday, February 21, 2024 (after market close) LIVE CONFERENCE CALL ...... read more
Energy Recovery Appoints David Moon as President and CEO
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- 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. Mr. 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 ...... read more
Energy Recovery Achieves 22% Year-on-Year Quarterly Revenue Growth, Beating Guidance
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- 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. Third Quarter Highlights Revenue of $37.0 million, exceeding the upper end of our guidance which was attributed to an increase in megaproject revenues. Gross margin of 69.9%, higher ...... read more
Energy Recovery Announces Leadership Transition
Appoints David Moon Interim CEO SAN LEANDRO, Calif.--(BUSINESS WIRE)-- 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. Mr. Bob Mao will remain a member of the Board, and Ms. Pamela Tondreau, current Lead Independent Director, has been ...... read more
Energy Recovery Awarded Desalination Contracts in Algeria Totaling $28 Million
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (NASDAQ: ERII) today announced several contracts to supply the PX® Pressure Exchanger® (“PX”) to desalination projects in Algeria totaling over $28 million. Desalination plays a large role in Algeria’s strategy to combat water scarcity. Desalination provides 17% of Algeria’s water, and the country has prioritized increasing ...... read more
Energy Recovery to Release Third Quarter 2023 Financial Results
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending September 30, 2023, and will host a conference call to discuss quarterly results and related matters on November 1, 2023 after market close. EARNINGS RELEASE Wednesday, November 1, 2023 (after market close) LIVE CONFERENCE CALL ...... read more
Energy Recovery and Epta Win Refrigeration Innovation of the Year at RAC Cooling Industry Awards 2023
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery (NASDAQ: ERII) and Epta Group (Epta) were together awarded Refrigeration Innovation of the Year for the XTE (Extra Transcritical Efficiency), Epta’s next-generation commercial CO2 refrigeration system. The award for Refrigeration Innovation of the Year recognizes systems, products, or processes that utilize new technology to provide ...... read more
Energy Recovery Establishes Corporate Emissions Reduction Target; Surpasses $5.9 Billion in Energy Savings for Customers According to Latest Sustainability Report
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (NASDAQ: ERII), a trusted global leader in energy efficiency technology, today released its fourth annual Sustainability Report, underscoring the strong connection between the company’s business goals and its sustainability efforts. Energy Recovery has set its first corporate emissions reduction target, committing to reduce its ...... read more
Energy Recovery Affirms FY 2023 Guidance, Continues Investments in Wastewater and CO2 Business Growth
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the second quarter and six months ended June 30, 2023. Second Quarter Highlights Revenue of $20.7 million, within the lower end of guidance. Revenue was lower due to a timing delay of a $5.7 million megaproject shipment that will subsequently ...... read more