Energy Recovery Awarded Desalination Contracts in Algeria Totaling $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 desalination’s share to 50% of the water supply by 2030, in response to climate change and a severe drought in 2021. Algeria’s commitment to desalination is evident in its water strategy, which includes the creation of a dedicated desalination agency.
This slate of projects will help bring the country closer to its goal, as all of these contracted projects will supply PX devices to municipal desalination projects, providing clean drinking water to local residents. All orders are scheduled to deliver in 2023.
“Algeria is a clear example of why desalination will continue to be a critical part of a diversified water supply strategy in the face of water scarcity around the world,” said
The PX can reduce energy consumption in desalination by as much as 60% and offers the lowest lifecycle cost of any energy recovery device on the market.
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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, including the expected delivery dates of these orders. 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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