Energy Recovery Bags Project Awards Worth $6M In Asia

Energy Recovery, Inc. ERII has received contract awards totaling over $6 million for its PX Pressure Exchanger (PX) energy recovery devices, and related equipment and services to multiple seawaters reverse osmosis desalination facilities in Asia.
Energy Recovery estimates that the PXs supplied to these facilities will prevent more than 126,000 metric tons of carbon dioxide emissions per year.
Post the completion of the contracts, Energy Recovery to support the production of over 118 million cubic meters of freshwater per year.
These orders are scheduled to be fulfilled by the end of Q3 2021.
Price action: ERII shares trading lower by 0.91% at $20.61 on the last check Thursday.

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