Energy Recovery

Energy Recovery

Develops technologies for industrial fluid efficiency

About Energy Recovery

Simplify's Rating
Why Energy Recovery is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Industrial & Manufacturing

Energy

Social Impact

Company Size

51-200

Company Stage

IPO

Total Funding

$6M

Headquarters

San Leandro, California

Founded

1992

Overview

Energy Recovery develops technologies that improve the efficiency and sustainability of industrial fluid flow processes. The company initially focused on the desalination industry with its pressure exchanger technology and has since expanded to sectors like wastewater treatment, hydraulic fracturing, sour gas processing, and CO2 refrigeration. Its products, including the PX Pressure Exchanger and Ultra PX, work by recovering and recycling energy within fluid systems, which helps clients reduce energy costs and environmental impact. Unlike many competitors, Energy Recovery emphasizes long-term service agreements and licensing deals, providing substantial cost savings and environmental benefits. The company's goal is to enhance industrial processes while aligning with environmental, social, and governance (ESG) objectives.

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Simplify's Take

What believers are saying

  • Growing global desalination market offers significant opportunities for Energy Recovery's technologies.
  • Increased adoption of CO2 refrigeration systems boosts demand for Energy Recovery's solutions.
  • MENA region's investment in desalination projects creates a lucrative market for the company.

What critics are saying

  • Increased competition in desalination technology could impact Energy Recovery's market share.
  • Geopolitical tensions in the Gulf may disrupt supply chains and project timelines.
  • Volatility in the oil and gas industry may affect demand for VorTeq technology.

What makes Energy Recovery unique

  • Energy Recovery's PX Pressure Exchanger technology is a leader in desalination efficiency.
  • The company offers diverse solutions across industries like wastewater treatment and CO2 refrigeration.
  • Energy Recovery's commitment to sustainability aligns with global environmental goals.

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Funding

Total Funding

$6M

Above

Industry Average

Funded Over

1 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision

Disability & life insurance

401(k)

EAP

Pet insurance

FSA

Tuition assistance

PTO

Company events

Company News

H2O Global News
Dec 17th, 2024
Energy Recovery Wins "Breakthrough Innovation Award" at IDRA World Congress

At the 2024 IDRA World Congress show this week, Energy Recovery, Inc. was honored with The Breakthrough Innovation Award for Most Innovative Company in Desalination Technology.

Business Wire
Jul 31st, 2024
Energy Recovery Appoints Mike Mancini as Chief Financial Officer

Mr. Mancini joins Energy Recovery from Astranis Space Technologies Corp., a San Francisco-based next-gen satellite company, where he served as CFO for four years and was instrumental in bringing this revolutionary satellite technology to market.

Business Wire
May 9th, 2024
Energy Recovery Announces $15 Million In Swro Contracts In India

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced $15 million in contracts to supply its PX® Pressure Exchanger® energy recovery devices to seawater reverse osmosis (SWRO) desalination plants in India. All orders are expected to ship in 2024. All together, these plants will provide over 670,000 cubic meters of clean drinking water to communities in India each day. As one of the most water stressed countries in the world, India continues to invest in desalination projects in order to supplement its freshwater supply. The country is home to 18% of the world’s population but has only 4% of the world’s water resources

Business Wire
Apr 17th, 2024
Bloom Energy Appoints Daniel Berenbaum as Chief Financial Officer

SAN JOSE, Calif.-(BUSINESS WIRE)-Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, announced today the appointment of Daniel Berenbaum as Chief Financial Officer, effective April 29, 2024.

Business Wire
Feb 13th, 2024
Energy Recovery Announces $28 Million In Desalination Contracts For Flagship Px Q400 Energy Recovery Device

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced the award of contracts totaling over $28 million to supply its newest top-of-the-line PX® Pressure Exchanger® energy recovery device (ERD), the PX Q400, to mega desalination projects in the Gulf region. These facilities will produce nearly 1.5 million cubic meters of water for municipal use in the Gulf, a significantly water-stressed region, and the awards demonstrate confidence in Energy Recovery’s latest innovation, the PX Q400. With the highest capacity and efficiency of any PX® Pressure Exchanger®, the Q400 offers best-in-class performance and the lowest projected life cycle cost of any proven ERD for seawater reverse osmosis (SWRO) desalination due to lower maintenance and operational expenditures. “The PX Q400 is the new gold standard ERD for SWRO desalination,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “These mega desalination facilities are fulfilling a critical need to supply water in the Gulf at a low cost, and by choosing the PX Q400, our customers are demonstrating trust in our ability to innovate and provide the best performing ERD while continuing to deliver the reliability that they expect from Energy Recovery.”

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