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Not getting back in, just broke my $3.90 target going lower. Moving on to the next play.
I'm watching closely Buddy, we shall see what happens.
I added a few down here today.. Lets push back over $4
Bought more on that dip at $3.93, was so close to selling if she went into the $3.80's, lol. Looked bottomed so grabbed some more to avg down. Sold at $4.08, looking to rebuy if opp presents itself.
Hi Guys, I'll be getting out today. ERII was smoking after hrs yesterday, hope we see $4.50 plus like I was guessing might happen. Bought 3,000 shares to flip, happy camper!
Weeeeeeeeeeeeeeeeeeee
I'm here for the longterm sector trend... glad you stopped by Uncle Wrink!!!
Wrinkles: with volume like this, trading is usually good in any entity.
Took out a starter today for flipping purposes, chart smoking hot. Churning right now around $4.08 range.....I'll be out tomorrow as she climbs towards $4.50? We shall see, hope so......flipped it couple of times already.
http://stockcharts.com/h-sc/ui?s=erii
Energy Recovery Inc Completes Landmark Shipment to World's Largest Desalination Plant
SAN LEANDRO, Calif., December 22, 2010 Energy Recovery Inc (NASDAQ: ERII), a leader in the design and development of energy recovery devices for desalination, today announced that it has completed delivery of 25 ERI TurboCharger energy recovery devices for the largest seawater reverse osmosis (SWRO) desalination plant in the world. Energy Recovery Inc, through its acquisition of Pump Engineering, has supplied the AT 7200 TurboChargers to Hyflux Ltd., the company that has designed, built and will operate the plant located in Magtaa in northwestern Algeria. The facility will be producing 500,000 m3/day of clean, potable water.
The ERI AT-7200 TurboCharger line employs the most advanced computational fluid dynamic turbo machine software (CFX) and five-axis machining technology used in the desalination industry today. The devices make capable powerful energy efficiency, ease of operation, simplicity and reliability. Unmatched in its class for delivering high quality and availability, the ERI line of TurboChargers for the Magtaa Desalination Plant will help aid the severe water shortages in the region by supplying much needed clean water.
“ERI’s partnership with Hyflux and our involvement in the success of the landmark SWRO desalination facility in Magtaa underscores our Company’s technical innovation and market leadership in providing the most advanced energy recovery devices for large ‘mega-plants’ such as this one,” said Kevin Terrasi, vice president of engineering, Energy Recovery Inc. “ERI is committed to helping our partners achieve both their short-term goals, including meeting critical project development milestones, as well as long-term goals, such as the ongoing efficiency and energy savings of the facility over its lifetime.”
ERI's energy recovery devices, which include the TurboChargers and the PX™ Pressure Exchanger (PX™) devices, operate at up to the highest efficiency of any products in their class. These technologies reduce the energy consumption of SWRO systems significantly, making desalination a cost-effective solution for clean water supply. ERI devices also reduce the carbon footprint of desalination, saving more than 970 MW of energy and reducing CO2 emissions by more than 5.2 million tons per year worldwide. More than 10,000 ERI devices are currently deployed or under contract to be installed at desalination plants around the globe. For more information about Energy Recovery's technology, visit 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. The company is headquartered in the San Francisco Bay Area with offices in Detroit and worldwide, including Madrid, Shanghai and the United Arab Emirates. For more information about Energy Recovery Inc, please visit www.energyrecovery.com.
Californians need water, but desalination projects are bogged down
Officials blame the slow progress on red tape, a disorganized local industry and environmental opposition.
December 04, 2010|By Tiffany Hsu, Los Angeles Times
Chugging a cool glass of California tap? It could be seawater flowing from that faucet.
Desalination — the process of making salty water drinkable — is now producing a growing share of the national water supply as officials scramble to hydrate booming populations with dwindling fresh supply.
"The availability of water is lessening and the cost is going up, to the point that desalination in California is becoming viable as an option," said Paul Shoenberger, manager of the Mesa Consolidated Water District in Costa Mesa.
More than 15,000 plants are churning out tens of billions of drinkable gallons daily in more than 100 countries.
But desalination has been lagging in California, where water woes are especially dire, industry and government officials say. They blame the slow progress on a disorganized local industry, litigious environmentalists and a thorny approvals process.
Connecticut-based developer Poseidon Resources has been trying to build a $650-million plant in Carlsbad, but the project has wallowed in red tape for more than a decade. It also has battled a dozen legal challenges.
The facility, which would sit beside the Encina Power Station, would churn out 50 million gallons of drinkable water a day — 10% of San Diego County's needs.
The facility may start construction in March, executives said. But for now, as Poseidon tries to untangle the red tape, a small pilot project on the site is producing about 40,000 gallons of drinkable water.
"Water is the lifeblood of Southern California, but the industry here has not evolved along with the growth in technology," said Scott Maloni, a vice president with Poseidon.
After decades in development, desalination plants can now remove 99.9% of the salt content in water. The process is mostly used for seawater but can also apply to river water and irrigation runoff. In the last 15 years, the cost of some components has dropped 30%.
Although still not cheap, the cost of desalinated water has been cut by more than half since 1998, according to the U.S. Geological Survey. Some estimates peg the price of 1,000 gallons at roughly $3, compared with pennies for the same amount of fresh water.
Most countries, including the U.S., use reverse osmosis, which pushes the water at high pressure through a membrane that separates the salt from the liquid. Another method, thermal desalination, is popular in the Middle East and involves evaporating the water to leave the salt behind.
http://articles.latimes.com/2010/dec/04/business/la-fi-desalination-20101204
FJ: good stuff, my friend. Thanks.
The James Bond Investor: Water!
By Matthew Brown November 8, 2010
http://www.fool.com/investing/general/2010/11/08/the-james-bond-investor-water.aspx
I love James Bond. I also love that the film series has generated some investment ideas, which may seem odd if you think I'm talking about a tricked-out Aston Martin that fires missiles. I'm not.
In fact, the villain in Quantum of Solace offers a Foolish investment strategy in plain English. One of his goals is to control Bolivia's water supply. That's when it hit me: The villain goes to such great lengths to control fresh water because it's just like oil – the world doesn't have an endless supply. There are secular movements afoot that could restrict water supply going forward, such as population growth, with some estimates putting annual increases at 57 million.
So it occurred to me that I could become a super-villain super-investor if I could figure out how to profit from a world where water might become scarce.
Muuu-wahahahahaaha!
Rubbing my hands together, I hunted for desalination providers. Consolidated Water Company (Nasdaq: CWCO) caught my eye. It produces desalinized water for Cayman Islands, the Bahamas, Belize, the British Virgin Islands, and Bermuda. Analysts project five-year earnings growth of 20%, the company produces modest free cash flow, and has $25 million of net cash. The company also feels confident enough in its business to pay out a 2.9% dividend.
On the larger side, a French company called Veolia (NYSE: VE) also makes sense. They are more diversified, also operating in Environmental and Energy Services as well as Transportation. They partnered with IDE Technologies Ltd., an Israeli company, built the world's largest desalination plant in Israel. Makes sense putting one in a desert region, no? Thanks to an aggressive efficiency plan, Veolia's financials are increasingly solid, the company shows a profit, and has strong free cash flow. Plus it merits a full five-star rating in Motley Fool CAPS.
As Fools know, sometimes it pays to invest in the companies that provide the nuts and bolts for other businesses. Somebody has to provide the technology for desalination plants to work, so that's why Energy Recovery (Nasdaq: ERII) is potable. The company "serves engineering, procurement, and construction firms, which design and build desalination plants, as well as original equipment manufacturers that supply equipment and packaged solutions for small to medium-sized desalination plants." Energy Recovery is still small, and its profits have been erratic, but free cash flow is at $5 million in 2009, and the company has over $55 million in cash and virtually no debt.
Purification technology is another big milestone for liquid-driven villains. Calgon Carbon Corporation (NYSE: CCC) goes beyond purifying water. They also purify and deodorize air, food, and other beverages. Analysts project nearly 23% compounded earnings growth over the next five years, the company has a net cash position, and over $30 million in 2009 free cash flow.
Even villains must diversify
For those not ready to make the pure-play leap into super-villainy, there are more diversified alternatives. Heck, even General Electric (NYSE: GE) is into desalination, along with purification and wastewater infrastructure. PowerShares Global Water (NYSE: PIO) and Guggenheim S&P Global Water (NYSE: CGW) are ETFs that invest in a variety of water-related companies.
The takeaway is that there are plenty of ways to take advantage of water scarcity. Small-cap loving Fools can find opportunity in this sector, while more conservative investors can scoop up diversified plays. If pressed, I'd personally go for Calgon. Purification of multiple liquids for consumption is built-in diversification, and I like the financials.
Of course, Fools should engage all the resources of Her Majesty's Secret Service when investigating companies with complex technologies like these. A lack of due diligence can derail even the most evil of plans.
November 3, 2010 Energy Recovery Inc Curbs Energy Usage and Thirst in Limassol, Cyprus, for Fresh and Affordable Drinking Water
Energy Recovery Expands Leadership in Cyprus Desalination; Helps to Provide Clean, Affordable Water to 120,000 People
http://www.energyrecovery.com/index.cfm/0/0/104/76-Energy-Recovery-Inc-Curbs-Energy-Usage-and-Thirst-in-Limassol-Cyprus-for-Fresh-and-Affordable-Drinking-Water.html
SAN LEANDRO, Calif., November 3, 2010—Energy Recovery Inc (NASDAQ: ERII), a leader in the design and development of energy recovery devices for desalination, today announced that its PXä Pressure Exchanger (PXä) energy recovery devices will be implemented at the seawater reverse osmosis (SWRO) desalination plant currently under construction in Limassol, the second largest city in Cyprus, by Nirosoft Industries Ltd., a worldwide solutions provider of advanced water and wastewater treatment systems. The facility will provide approximately 50,000 cubic meters (13.2 million gallons) of fresh and affordable drinking water to 120,000 people a day.
Nirosoft selected Energy Recovery’s PX-260 PX Pressure Exchanger energy recovery devices for the Cyprus desalination plant to greatly curb energy usage and operational costs at the Limassol facility. Cyprus hopes to fully meet its water needs through desalination by 2011. In addition to the Limassol facility, the highly reliable and efficient PX devices are in the majority of desalination plants throughout the country, helping deliver more than 140,000 cubic meters (37 million gallons) per day to the region.
“This is the sixth desalination plant in Cyprus in which our PX devices are implemented, and we are continuing to make energy efficient SWRO desalination a reality for the island country to serve hundreds-of-thousands of its people with fresh, potable water,” said Limassol facility’s PX device implementations underlines our superior performance, reliability, cost and energy savings here and beyond.” Emad Al Sharif, global sales director of Energy Recovery Inc. “We have been a part of the success of desalination in Cyprus for many years, and the addition of the ERI'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 970 MW of energy and reducing CO2 emissions by more than 5.2 million tons per year worldwide. More than 8,600 PX devices are currently deployed or under contract to be installed at desalination plants around 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.
FJ: I haven't forgotten you and I've played this puppy a few times lately. Nothing dramatic, a reminder to myself of some of our future hope.
Undoubtedly, the trend is up!!!
Up for the week +4%...
None of that mattered... now do we have a June/September double bottom?
Today's close was right on the MA50 @3.93... hmmmmm.
Is there a bullish pattern forming on the daily chart?
We shall see.. so far, the MA50 is trending upward and acting as support light as it is right now.
Pretty hairy PPS movement lately. This might expand volume through encouraging swing and daytraders.
For the week: outstanding +14%... looking healthier now than in a long time!
Friggen beast
5.25 - 5.50 is all I am looking for
What a rocket shot today...
The recent lows were all time lows...
The long awaited turn finally happened - up +20% for the week.
I had to start working on a long position here today.
Unreal... or is that surreal... $3.47 LOD finish, sad.
This is being sold into oblivion... watching closely for a big bounce...
Another wave of selling... stepped out at 3.85... whew...
I think the tide is turning...
Energy Recovery Technology Remains Critical to the Success of U.S. Military's Mobile Desalination Units in Combat and Disaster Relief Efforts
Turbocharger Energy Recovery Devices Integrated into Global Defense Technology & Systems Tactical Water Purification Systems to Quickly and Energy-Efficiently Produce Potable Water
http://finance.yahoo.com/news/Energy-Recovery-Technology-bw-2275102235.html?x=0&.v=1
Press Release Source: Energy Recovery, Inc. On Tuesday May 25, 2010, 8:00 am EDT
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery Inc (NASDAQ:ERII - News), a leader in the design and development of energy recovery devices for desalination, today announced that its Pump Engineering™ division has entered the fifth year of a mutually successful partnership with Global Defense Technology & Systems, Inc. (NASDAQ:GTEC - News) to provide essential desalination components for GTEC’s Tactical Water Purification System (TWPS). The rugged, transportable TWPS is used by the U.S. military to supply fresh, clean water from any non-potable water source. Pump Engineering’s HTCII-50 Turbocharger technology enables efficient, cost-effective reverse osmosis desalination to help the military activate the TWPS during combat, disaster relief efforts or in other scenarios in which fresh water is not readily available.
The GTEC TWPS units purify, store and dispense potable water from any source and are capable of producing up to 1,500 gallons per hour from lakes and rivers and up to 1,200 gallons per hour from seawater. Designed to meet the exact specifications of each branch of the U.S. military, TWPS units can supply enough potable water for more than 12,000 people per day and are frequently deployed to quickly supply water in emergency response situations, including as part of the 2010 earthquake relief efforts in Haiti.
Pump Engineering’s hydraulic Turbochargers are custom-designed to reduce energy consumption and increase efficiency in specific process conditions, including seawater reverse osmosis (SWRO) desalination and liquid processing. Like Energy Recovery’s portfolio of PX™ energy recovery devices, the Turbochargers are durable and simple to operate. More than 10,000 of Energy Recovery’s devices are deployed or under contract to be installed for various applications across the globe. In total, they save more than 900 MW of energy and reduce CO2 emissions by more than 4.7 million tons per year worldwide.
“Our Turbochargers have an established reputation at SWRO and BWRO plants across the globe, and the TWPS application illustrates the flexibility of our technologies for almost any use,” said Lindsay Reau, international sales manager at Pump Engineering. “The integration of the HTCII-50 Turbochargers into the TWPS mobile desalination units is a great example of the human benefit our technology provides. We look forward to continuing our successful partnership with Global Defense Technology & Systems to help the U.S. military quickly and efficiently produce potable water for combat, disaster relief or any other scenario.”
I'm shorting a number of stocks at the present
Energy Recovery Executive Chairman Hans Peter Michelet Named Ernst & Young Entrepreneur Of The Year(R) 2010 Award Finalist in Northern California
Michelet Lauded for His Considerable Entrepreneurial Achievements and Tremendous Ongoing Success Helping to Develop and Execute Energy Recovery's Strategic Initiatives
http://ir.energyrecovery.com/phoenix.zhtml?c=221013&p=irol-newsArticle&ID=1429325&highlight=
SAN LEANDRO, Calif., May 20, 2010 (BUSINESS WIRE) --Energy Recovery Inc (NASDAQ:ERII), a leader in the design and development of energy recovery devices for desalination, today announced that Hans Peter "H.P." Michelet, executive chairman of Energy Recovery's board of directors, has been named as a finalist for the Ernst & Young Entrepreneur Of The Year(R) 2010 Award in Northern California. A serial entrepreneur and investor with considerable success founding and developing a variety of multi-national organizations, H.P. Michelet has been intrinsically involved in most of Energy Recovery's strategic decisions and initiatives since 1994.
According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. H.P. Michelet was selected as a finalist from more than 100 nominations by a panel of independent judges. Award recipients will be announced at a special gala event on June 12, 2010 at the San Jose Fairmont Hotel.
"It is a great honor to be selected by Ernst & Young as a finalist for the prestigious Entrepreneur Of The Year 2010 Award in Northern California," said Michelet. "To be acknowledged is a testament to the various companies and people with whom I have collaborated. This is especially true at Energy Recovery Inc, where the devoted, brilliant team has been integral to the sustained success the company has enjoyed as the definitive leader in global desalination energy recovery solutions."
A board member since 1995 and chairman since September 2004, Michelet has helped position Energy Recovery as the world's leading manufacturer of energy recovery devices used in seawater reverse osmosis (SWRO) desalination plants to help address global water scarcity. Energy Recovery's PX(TM) 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 solutions 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(TM) technology, visit http://www.energyrecovery.com or send an email to info@energyrecovery.com.
The Ernst & Young Entrepreneur Of The Year awards program celebrates its 24th anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world. Regional award winners are eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year national program. Award recipients in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award recipient, will be announced at the annual awards gala in Palm Springs, California on November 13, 2010. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.
In Northern California, sponsors include The Big Picture Film & Video Arts Inc., Manpower, Smart Business, Scherzer International and The Summit Group.
Hmmm... lemme crawl back into my hole...
and to stay on topic... I will continue my ERII DD!!!
FJ: yeppers, but not as bad as the beating that Rondo is putting on someone.
There is no news/filings connected to this tremendous drop??? Crazy!
Short interest is scary... look under the short interest tab:
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=erii
Since we showed up, this stock has been beaten down quite a bit... OUCH!!!
AH: Energy Recovery, Inc. Reports First Quarter 2010 Financial Results
http://ih.advfn.com/p.php?pid=nmona&article=42699700&symbol=ERII
Energy Recovery, Inc. (Nasdaq:ERII), a leader in the design and development of energy recovery devices for desalination, announced today the results of its first quarter ended March 31, 2010. In the first quarter of 2010, ERI achieved net revenue of $12.6 million, equal to the net revenue for the same period last year and slightly above the Company’s guidance range of $11 to $12 million. For the three months ended March 31, 2010, ERI reported net income on a generally accepted accounting principles (GAAP) basis of $68,000, or $0.00 per diluted share, and non-GAAP net income of $717,000, or $0.01 per share. For the same period last year, ERI reported GAAP net income of $1.6 million, or $0.03 per share.
“Our first quarter results were better than the guidance we provided due to better than expected sales from the OEM sector of our business,” said G.G. Pique, President and CEO of Energy Recovery, Inc. “This was our first full quarter with the consolidated results of Pump Engineering and we are pleased with the progress of the integration of the two companies. We have already submitted a significant number of joint sales proposals for our Pump Engineering high pressure pumps and our PX® devices.”
Non-GAAP Financial Measures
In evaluating the operating performance of Energy Recovery’s business, Energy Recovery management utilizes financial measures described in this press release that exclude certain non-cash charges and charges related to the purchase of Pump Engineering required by U.S. generally accepted accounting principles, or GAAP. Energy Recovery believes this additional information provides investors and management with additional insight into its underlying core operating performance.
For the calculation of Adjusted EBITDA, net income of $68,000 was adjusted for depreciation and amortization expense of $1.1 million, net interest expense of $16,000, taxes of $47,000, stock-based compensation expense of $597,000 and a purchase accounting adjustment for sale of acquired inventory of $422,000 for the first quarter of 2010.
In the guidance estimates below for the second quarter and full year 2010, net income and earnings are adjusted for the purchase accounting required under GAAP for the acquisition of Pump Engineering. For the full year, the estimates assume adjustments of a purchase accounting adjustment for sale of acquired inventory of $870,000, $2.6 million in amortization of intangibles, and offset by a tax benefit of approximately $1.4 million based on the period’s effective tax rate.
A reconciliation of Energy Recovery’s non-GAAP financial measures for the first quarter 2010 to the most directly comparable GAAP measures can be found under the heading “Energy Recovery Non-GAAP Financial Reconciliation” below.
Outlook
ERI provides the following guidance on a GAAP basis for the second quarter of 2010 and the full year:
Q2 2010 Fiscal Year 2010 Estimated Net Revenue $13 to $15 million $55 to $65 million Estimated Net Income (Loss) ($0.6) to $0.1 million ($1.5) to $2.5 million Estimated Earnings (Loss) Per Diluted Share ($0.01) to $0.00 ($0.03) to $0.05
ERI provides the following non-GAAP guidance for the second quarter of 2010 and the full year:
Q2 2010 Fiscal Year 2010 Estimated Adjusted Net Income (Loss) (1) $0.1 to $0.5 million $0.5 to $4.5 million
Estimated Adjusted Earnings (Loss) PerFully Diluted Share (2)
$0.00 to $0.01 $0.01 to $0.08 Estimated Adjusted EBITDA (3) $1.5 to $2.5 million $6 to $13 million
(1) Estimated Adjusted Net Income is defined as GAAP net income adjusted for the purchase accounting for the acquisition of Pump Engineering. The purchase accounting includes a purchase accounting adjustment for sale of acquired inventory, the amortization of intangible assets that were booked as a result of the acquisition, and the tax benefit generated as a result of the purchase accounting expense.
(2) Estimated Adjusted Earnings per Fully Diluted Share is defined as Estimated Adjusted Net Income divided by the fully diluted shares.
(3) Estimated Adjusted EBITDA is defined net income adjusted for interest expense (income), taxes, depreciation, amortization, stock-based compensation, and a purchase accounting adjustment for sale of acquired inventory.
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Energy Recovery Inc (ERI) designs and develops energy recovery devices that help make desalination affordable by significantly reducing energy consumption. Energy Recovery technologies include the PX Pressure Exchanger(TM) (PX(TM)) device for desalination and the Turbocharger hydraulic turbine energy recovery device and pump 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.
The company has research, development and manufacturing facilities in the San Francisco technology corridor as well as direct sales offices and technical support centers in key desalination hubs such as Madrid, UAE, Shanghai and Florida; including service representatives in Algeria, Australia, China, India, Korea, Mexico, Taiwan and the Caribbean.
As the demand for clean, potable water increases; ERI is poised to face the global challenges ahead. For more information on ERI and PX technology, please visit our web site at www.energyrecovery.com
Humanity faces a global water supply crisis. Less than 1% of all fresh water is readily accessible for human use and more than 1.8 billion people lack adequate access to drinking water. As water extraction levels from rivers, lakes, and aquifers approach historically maximum levels, water scarcity remains a serious concern across the globe. Entire regions in North Africa, as well as Australia and the Indian subcontinent, are unable to meet the water demands of urban areas and local farmers. Dwindling water supply is also an issue here in the United States. This decline has tripled water rates and increased water rationing in San Diego and other municipalities along the California coastline.
To help mitigate this mounting scarcity, the process of converting seawater into freshwater emerged as a potential source of new and abundant supply. However, older methods of desalinating seawater consumed significant amounts of energy, and historically desalination has been an unaffordable, impractical solution for most regions.
Now, Energy Recovery, Inc. (ERI) has designed and developed an innovative technology that dramatically reduces the energy required for seawater desalination.
ERI's Pressure Exchanger™ (PX™) device recycles much of the energy used in seawater desalination by continually reclaiming the otherwise lost pressure energy from the reject or brine water with to up to 98% efficiency. This improves the energy efficiency of seawater reverse osmosis (SWRO) by up to 60%, making desalination an affordable, sustainable option to address the world's water crisis.
The ERI PX device design is simple yet elegant. It is a free-wheeling pump constructed from a unique ceramic material made from aluminum oxide, which is sintered at high temperatures. This results in a construction material that is three times tougher than steel and does not corrode in seawater. The sapphire-like material makes the PX device a very reliable, low-maintenance solution, which has captured 70% of global market share in newly constructed large desalination plants worldwide.
The revolutionary PX device controls and balances the core processing center of a modern desalination plant, serving as its hydraulic CPU. The PX device allows designers and operators to re-adjust operating conditions in desalination membranes as salinity and temperature conditions change with the seasons or as performance changes with normal wear. These PX operating adjustments assure that the high-pressure pumps are always running at their most efficient operating point.
This is significant because in a typical desalination plant the large electric motors driving these pumps consume dozens of megawatts of energy. Every percent of improvement in efficiency means millions of dollars in energy savings over the life of the plant; thus enabling large desalination plants-often called "water factories"-to affordably supply much of the demand for fresh-water to cities like Chennai (India), Perth (Australia), Algiers (North Africa) and Barcelona (Spain).
ERI's PX devices currently save more than 750 megawatts of energy and are reducing CO2 emissions by more than 4.6 million tons per year. More than 7,000 PX devices are in the market, supporting the production of drinking water for an estimated 25 million people globally.
Management | Directors | |
http://www.energyrecovery.com/index.cfm/0/0/22-Management.html | http://www.energyrecovery.com/index.cfm/0/0/76-Directors.html |
Archive of News | Filings With The SEC | |
http://ir.energyrecovery.com/phoenix.zhtml?c=221013&p=irol-news&nyo=0 | http://ir.energyrecovery.com/phoenix.zhtml?c=221013&p=irol-sec |
All for the Investor | Title 2 | |
http://ir.energyrecovery.com/phoenix.zhtml?c=221013&p=irol-stockquote | Text 2 |
ERI's PX Pressure Exchanger™ (PX™) is an innovative technology that can reduce the amount of energy required in seawater desalination by up to 60%, resulting in more economical production of drinking water and a reduced carbon footprint.
ERI's PX devices, which feature only one moving part, are the most elegant approach to high-efficiency energy recovery available today. The heart of the PX is an aluminum oxide rotor, floating in an almost frictionless hydrodynamic bearing. This ceramic material is unaffected by chemicals, is three times harder than steel, and does not corrode. The bearing is continuously lubricated by seawater, requires no maintenance, and is not subject to wear.
The invention and development of the PX device has led to seven US patents, in addition to international patents, trademarks and numerous awards.
The PX energy recovery device uses the principle of positive displacement and isobaric chambers to achieve extremely efficient transfer of energy from a high pressure waste stream, such as the brine stream from a reverse osmosis desalination unit, to a low-pressure incoming feed stream. Virtually no energy is lost in the transfer.
How It Works:
Click here to watch a video about the PX energy recovery device
The heart of the PX device is a ceramic rotor floating in an almost frictionless hydrodynamic bearing. Inside the rotor are channels in which the concentrate from the membranes and fresh salt water come into direct, momentary contact. The rotor is turned by the momentum of the water at a speed that adjusts to flow variations to provide nearly-constant high efficiency over a wide operating range.
There are no pistons between the concentrate and the fresh salt water, but the rotor and associated components keep high and low pressure separate, thereby sealing the high pressure portion of the SWRO process.
ERI's PX™ devices are saving more than 750 megawatts of power globally and reducing CO2 emissions by more than 4.6 million tons annually. They are supporting the production of more than 6.3 million m3 per day, which is enough drinking water for approximately 25 million people.
Seawater reverse osmosis (SWRO), a process that converts seawater to (potable) drinking quality water, is a major market for ERI. Almost every SWRO plant being built today utilizes some type of energy recovery device (ERD) to improve energy efficiency, with ERI's PX devices being the preferred choice in many instances.
While a vital purpose of desalination is the production of water for drinking, SWRO is also being used to provide process water for industrial applications, such as steel and mining. Industrial consumption accounts for 15-20% of all water usage, averaged worldwide, and many industries obtain the water they need using SWRO. ERI's PX devices are helping improve the cost of the products of these industrial processes by making desalination affordable.
From Istanbul's steel mining plants to Australia's iron ore industry, PX Technology offers a durable, reliable and highly efficient solution to address the water needs of many.
Energy Recovery Inc Named 'Game Changer' of the Year |
Honored as One of California's Most Innovative Clean Tech Businesses SAN LEANDRO, Calif., Oct 19, 2011 (BUSINESS WIRE) -- Energy Recovery Inc (NASDAQ:ERII), a leader in the design and development of energy recovery devices for desalination and other industrial processes, has been selected as a California Clean Technology "Game Changer" for 2011 in the category of Innovation in Energy and Water by Grow-California for its leadership, innovation and impact on California's clean tech industry and economy. The company will receive its "Game Changer" award at the conclusion of the Clean Tech Innovation Conference at the Kaiser Center, in downtown Oakland, to be held on November 2nd and 3rd. "We are pleased to receive the 'Game Changer' of the year award for our innovative PX energy recovery technology. It is rewarding to be able to reduce energy consumption while also helping to produce billions of gallons of water for millions of people around the world," said Tom Rooney, president and CEO of ERI. "To be in the same company as important 'green' contributors such as Google, Tesla and others is an honor." Clean technology is considered a key strategy across the nation and throughout the world to create much-needed jobs, improve the economy and lessen the demand for fossil fuels. "This company is a prime example of a true game changer in the clean tech space," said Jon Gregory, president and CEO of Grow California. He added, "There were more than 200 quality companies nominated which means that the 2011 Game Changes are an elite group and an excellent representation of California's leading role in the world's clean tech industry." For more information about the California Clean Tech conference and the "Game Changer of the Year" awards, visit: http://www.grow-california.com. |
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