Energy Recovery Inc’s Pump Engineering Triumphs with Distinction Award for Water Technology Company of the Year
April 28 2010 - 8:00AM
Business Wire
Energy Recovery Inc (NASDAQ: ERII), a leader in the design and
development of energy recovery devices for desalination, today
announced that Pump Engineering (acquired by Energy Recovery in
2009) received the Distinction Award in the Water Technology
Company of the Year category as part of the Global Water
Intelligence Global Water Awards 2010. Energy Recovery was also
recognized as part of the Desalination Plant of the Year Award for
the inclusion of the company’s industry-leading PX Pressure
Exchanger™ (PX™) energy recovery devices as an integral component
at the Barcelona-Llobregat desalination plant in Spain.
“The 2010 Global Water Awards represent a crowning achievement
for Energy Recovery from both a business and a technology
perspective,” said G.G. Pique, president and CEO of Energy Recovery
Inc. “The recognition of Pump Engineering as the Distinction Award
winner in the Water Technology Company of the Year category further
validates the significance of that strategic acquisition, and the
Barcelona-Llobregat desalination plant being selected as the
Desalination Plant of the Year demonstrates just how vital our PX
devices are to the success of a seawater reverse osmosis (SWRO)
desalination facility. We are grateful to Global Water Intelligence
and the entire international water industry for their continued
recognition of Energy Recovery as a global industry business and
technology leader.”
The Global Water Intelligence Global Water Awards recognize the
most significant achievements in the global water industry during
the past year, and the Water Technology Company of the Year
acknowledges the company that has made the most significant
contribution in the field of water technology. Pump Engineering, a
leading provider of centrifugal turbine energy-saving technology
for seawater and brackish desalination applications, was selected
as the Distinction Award winner for its considerable achievements
in 2009, including doubling global market share and securing a
contract for its energy recovery devices at the Magtaa desalination
plant in Algeria. Pump Engineering’s success in 2009 culminated in
the December acquisition by Energy Recovery Inc, creating one of
the industry’s most comprehensive portfolios of energy recovery
devices and fluid processing systems for SWRO desalination as well
as for oil and gas processing.
In addition, Energy Recovery was also recognized for the
integration of its PX devices into the Barcelona-Llobregat
desalination plant, the winner of the Desalination Plant of the
Year Award. Producing 200,000 m3/day of potable water for
metropolitan Barcelona, the SWRO facility is the largest in Europe.
By reducing the energy consumed during the SWRO desalination
process by up to 60 percent, Energy Recovery is helping the
Barcelona-Llobregat and other global facilities cost-effectively
produce fresh, clean water.
“The Global Water Awards recognize industry visionaries and
technology innovators, highlighting those companies and projects
that set the standard for the global water industry to follow,”
said Christopher Gasson, publisher of Global Water Intelligence.
“Energy Recovery and Pump Engineering have long been two of the
industry’s established leaders, so it is no surprise that the
combined entity has been acknowledged for its cutting-edge
technology achievements as well as for the practical application of
its solutions. We applaud Energy Recovery and look forward to
continued success from the company in 2010 and beyond.”
Energy Recovery's PX devices operate at up to 98 percent
efficiency and reduce the energy consumption of SWRO systems by up
to 60 percent, making desalination a cost-effective solution for
clean water supply. PX devices also reduce the carbon footprint of
desalination, saving more than 900 MW of energy and reducing CO2
emissions by more than 4.7 million tons per year worldwide. More
than 10,000 of Energy Recovery’s devices are currently deployed or
under contract to be installed at desalination plants across the
globe. For more information about Energy Recovery's PX Pressure
Exchanger technology, visit http://www.energyrecovery.com or send
an email to info@energyrecovery.com.
About Energy Recovery Inc
Energy Recovery Inc (NASDAQ:ERII) designs and develops energy
recovery devices that help make desalination affordable by
significantly reducing energy consumption. Energy Recovery
technologies include the PX Pressure Exchanger™ (PX™) device for
desalination and the Turbocharger hydraulic turbine energy recovery
device and pumps for desalination, gas and liquid processing
applications. In total, Energy Recovery helps reduce CO2 emissions
by more than 4.7 million tons per year and produce 1.6 billion
gallons of potable water per day. The company is headquartered in
the San Francisco Bay Area with offices in Detroit and in key
desalination centers worldwide, including Madrid, Shanghai and the
United Arab Emirates. For more information about Energy Recovery
Inc, please visit www.energyrecovery.com.
Energy Recovery (NASDAQ:ERII)
Historical Stock Chart
From May 2024 to Jun 2024
Energy Recovery (NASDAQ:ERII)
Historical Stock Chart
From Jun 2023 to Jun 2024