$7.770
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ERII News
ERII Events
Company Reports Q2 Revenue of $12M, Below Consensus
Reports Q2 revenue $12M, consensus $18.83M.
Energy Recovery Establishes New Manufacturing Facility in Dammam, Saudi Arabia
Energy Recovery has finalized a lease for a new manufacturing facility near Dammam Second Industrial City in Dammam, Saudi Arabia. The facility marks Energy Recovery's first in-Kingdom manufacturing operation and is expected to be operational in 2027. Saudi Arabia and the broader Gulf region rely on desalination for a substantial share of their potable water supply and to fuel industrial growth. Saudi Arabia has long stood as a global center and world leader of desalination excellence and innovation. As regional demand for reliable, affordable water grows, proximity between manufacturing and the customers who depend on that water has become an increasingly important part of how the industry serves the market. Energy Recovery's new facility is a direct response to that dynamic, bringing production of its flagship PX Pressure Exchanger closer to the world's largest desalination market. Energy Recovery will operate in Saudi Arabia through "Energy Recovery Company," a fully registered entity in Saudi Arabia and 100 percent owned by Energy Recovery. The new manufacturing facility is 3,750 square meters and will carry out key stages of Energy Recovery's proprietary manufacturing process, including machining, assembly, and testing. The facility will serve desalination customers in the Kingdom and across the wider Middle East and North Africa region. It will create skilled local jobs and support further development of in-Kingdom manufacturing expertise, contributing to the knowledge transfer that underpins Saudi Arabia's Vision 2030 goals for industrial localization and water security.
Energy Recovery Signs Contract for Saudi Desalination Plant
Energy Recovery announced a contract to supply its PX Pressure Exchanger energy recovery devices to a new flagship seawater reverse osmosis desalination plant under Saudi Arabia's Vision 2030 program. When complete, the plant will deliver affordable, drought-proof water to approximately one million people across the Kingdom's Mecca, Al-Baha, and Asir regions. Saudi Arabia relies on desalination for more than 70 percent of its potable water supply and has no permanent rivers or lakes, making energy-efficient desalination capacity central to the Kingdom's water security. Mecca, one of the region's most strategically and culturally important cities, drew over 1.5 million pilgrims for Hajj earlier this year, underscoring the importance of a reliable, affordable water supply for the surrounding area. Energy Recovery's PX devices will operate within the plant's reverse osmosis process, reducing the energy required to produce fresh water from seawater.
Energy Recovery Appoints John Mitchell to Board of Directors
Energy Recovery announced the appointment of John Mitchell to its Board of Directors. He most recently served as Senior Vice President and General Manager of the Sensor Solutions business at TE Connectivity, a global leader in innovative sensor solutions, serving industries including automotive, industrial automation, aerospace, and medical devices.
Energy Recovery Announces Five Wastewater Projects in India
Energy Recovery announced five new contracted wastewater projects in India, with multiple PX Pressure Exchanger energy recovery devices to be installed in industrial reverse osmosis plants across the country. The projects reflect India's tightening wastewater discharge regulations and a growing push towards water reuse in the industrial sector. India has approximately 18% of the global population, with only 4% of the world's freshwater resources, and the country's water demand is projected to be twice the available supply by 2030.
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