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Energy Recovery Awarded $6.2 Million for Desalination Projects in Saudi ArabiaSAN LEANDRO, Calif., Feb. 21, 2018 /PRNewswire/ -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $6.2 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in Saudi Arabia. The orders are expected to ship in the 1st half of 2018. Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will produce up to 305,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facilities' power consumption for all projects by 33.7 MW, saving over 291 GWh of energy per year, and helping the facilities avoid over 174,000 tons of CO2 emissions per year. Energy Recovery's President and CEO Joel Gay stated, "The Middle East remains a key market for Energy Recovery and an indication of continuing strength in the global desalination market throughout 2018. Saudi Arabia has prioritized the reallocation of economic rsources, with potable water and desalination of particular focus. As evidenced by this latest award, Energy Recovery is a direct beneficiary of said shift in focus and will continue to deliver our best-in-class technology and solutions throughout the global desalination market to enable customers to maximize operational efficiency while minimizing total life-cycle cost." About Energy Recovery Forward-Looking Statements Contact Brian Uhlmer
View original content with multimedia:http://www.prnewswire.com/news-releases/energy-recovery-awarded-62-million-for-desalination-projects-in-saudi-arabia-300601710.html SOURCE Energy Recovery, Inc. |