Energy Recovery, Inc. (NASDAQ: ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4.4 million (USD) to supply its PX Pressure Exchanger technology for desalination projects in the Sultanate of Oman.
These desalination projects are expected to ship in Q2 and Q3 of 2019.
Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will collectively produce up to 200,000 cubic meters (m3) of water per day, the equivalent of filling 80 Olympic-size swimming pools. Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 16 MW, saving over 138 GWh of energy per year and helping the facilities avoid over 82,800 tons of CO2 emissions per year.
Chris Gannon, Energy Recovery’s President and CEO, stated, “This award is a strong start to 2019, which is shaping up as a high-growth year for our water business based on our current backlog and pipeline. We are continuing to see growth in the global desalination market, in part because desalination offers one solution to the growing water scarcity in different parts of the world. Among other impacts, scarcity can threaten economic growth because water is a core ingredient of many industrial processes.”
Rodney Clemente, Energy Recovery’s Vice President, Water, added, “We have seen unprecedented large-scale desalination activity in the Sultanate of Oman over the past five years. I am proud that Energy Recovery’s PX, turbocharger devices and pumping technologies can be found in many SWRO facilities in-country, representing nearly 1 million m3/day of installed capacity. Our attractive life-cycle-cost value proposition and ability to deliver meaningful energy savings continues to resonate with our valued customers.”
Source: Company Press Release