CORRECTING and REPLACING Energy Recovery Commissions First IsoGenTM Turbogenerator System for Saudi Aramco
The corrected release reads:
ENERGY RECOVERY COMMISSIONS FIRST ISOGENTM TURBOGENERATOR SYSTEM FOR SAUDI ARAMCO
The IsoGen system is a turbogenerator system that recycles otherwise wasted pressure energy and converts it into electrical power. The system allows gas processing plants to reduce their reliance on the power grid by powering their plant with recovered pressure energy powered and recycled through their current operations.
The gas plant will use IsoGen to optimize production and energy
consumption. Instead of completely relying on electrical power coming
from the utility grid, the plant will now be able to power its
operations in part through energy generated and recycled through the
IsoGen device.
Energy Recovery’s Chief Financial Officer Mr.
About Energy Recovery’s Line of Iso Devices
The IsoGen system has also been designed to be a solution for oil pipelines, where downhill flows create excess pressure that can easily be converted into useful electricity. IsoGen is part of Energy Recovery’s larger line of Iso devices, which includes the IsoBoost™, a hydraulic system that also taps into the often overlooked resource of pressure energy. Instead of using that energy to generate electrical power, the IsoBoost helps ensure smooth operations in gas processing plants, offering a hydraulic system that is more economical, safer, and with three times the life of a traditional pump.
About
Energy Recovery (NASDAQ:ERII) develops award-winning solutions to
improve productivity, profitability, and energy efficiency within the
oil & gas, chemical, and water industries. Our products simplify complex
systems and protect vulnerable equipment. By recycling fluid pressure
that would otherwise be lost in critical processes, we save clients more
than $1.4 billion (USD) annually. Headquartered in the
Forward-Looking Statements
This press release contains forward-looking statements that reflect
management's current expectations, assumptions and estimates of future
performance and economic conditions. Such statements are made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. The company cautions investors that any forward-looking statements
are subject to risks and uncertainties that may cause actual results and
future trends to differ materially from those matters expressed in or
implied by such forward-looking statements. Statements about future
operations of the IsoGen and IsoBoost including the operational and
economic benefits are forward-looking and involve risks and
uncertainties.
Media:
adolan@energyrecovery.com
or
Investor:
aprior@equityny.com
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