Energy Recovery Awarded Over $8.2 Million in SWRO Contracts in Asia

About this update from Energy Recovery, Inc.

[{"type":"text","content":"SAN LEANDRO, CA / ACCESSWIRE / June 14, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced three contract awards totaling over $8.2 million to supply its PX® Pressure Exchanger® energy recovery devices to seawater reverse osmosis (SWRO) desalination facilities in Asia. The orders are expected to be fulfilled by the end of Q3 of 2022.When completed, Energy Recovery estimates the plants will prevent nearly 180,000 metric tons of carbon dioxide emissions each year, the same amount of emissions produced by over 39,000 passenger cars in the same time period. Once these contracts are completed, Energy Recovery will support the production of over 4 million cubic meters of water per day in Asia.Continued water scarcity, industrialization, rapid urbanization, and population growth continue to amplify the need for stable and energy-efficient supply of freshwater in parts of Asia. All three facilities, located in China and India, will supply communities that are highly water-stressed.\"China and India both fall well below the global average of renewable freshwater resources at 2,000 and 1,000 cubic meters per capita, respectively - a small fraction of the global average of 5,600 cubic meters per capita,\" said Rodney Clemente, Energy Recovery Senior Vice President of Water. \"Both countries are increasingly looking to SWRO desalination as part of their strategies to build a more resilient, robust, and reliable water supply, thanks to leading innovations like the PX that have helped make the economic and environmental impacts of SWRO more sustainable. As the leading energy recovery device for desalination, the PX is trusted around the world to provide significant cost and emissions savings.\"Energy Recovery's PX can reduce energy consumption in SWRO facilities by as much as 60%. The PX provides the lowest life cycle cost of any energy recovery device available on the market, providing significant savings to plant operators and bringing down the cost of clean water.Forward-Looking StatementsCertain 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, including the Company's estimates on order shipment and avoided carbon dioxide emissions; our belief that China and India...

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