News & Videos - ENERGY RECOVERY INC. - English

Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the second quarter and six months ended June 30, 2023. Second Quarter Highlights Revenue of $20.7 million, within the lower end of guidance. Revenue was lower due to a timing delay of a $5.7 million megaproject shipment that will subsequently be recognized in the third quarter. Gross margin of 65.4%, within the upper range of our guidance of 64% – 66% for the quarter for...

Energy Recovery (NASDAQ: ERII) today announced a collection of contracts totaling nearly $17 million to supply PX ® Pressure Exchanger ® energy recovery devices for desalination facilities in the Gulf region. These PX devices are expected to prevent over 400,000 metric tons of carbon emissions from entering the atmosphere each year, the equivalent of removing over 85,000 passenger cars from the road each year. These contracts include a municipal desalination facility that will produce over...

SAN DIEGO, CA / ACCESSWIRE / July 25, 2023 / Energy Recovery (NASDAQ:ERII), a company that specializes in commercial and industrial fluid-flow markets, has secured contracts worth nearly $17 million to supply PX® Pressure Exchanger® energy recovery devices for desalination facilities in the Gulf region. These contracts include a municipal desalination facility set to produce over 132 million gallons per day to a region facing severe water scarcity. These facilities represent a significant...

Energy Recovery, Inc. (NASDAQ: ERII) announced today that MSCI upgraded the company from an AA rating to its highest rating of AAA in its latest environmental, social, and governance (ESG) assessment completed on July 4, 2023. MSCI’s evaluation recognizes Energy Recovery as one of the highest performing companies within the Industrial Machinery industry in MSCI’s All Company World Index, reflecting robust corporate governance and labor management practices and significant opportunities in...

Energy Recovery, Inc . (NASDAQ: ERII) today announced the appointment of refrigeration executive David Moon and water solutions leader Colin Sabol to its Board of Directors. “Mr. Moon and Mr. Sabol’s extensive expertise in their respective fields will be a great asset as we continue expanding our PX technology into new markets and advancing the environmental sustainability of our customers’ operations,” said Robert Mao, Chairman of the Board, President and Chief Executive Officer of...

Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending June 30, 2023, and will host a conference call to discuss quarterly results and related matters on August 2, 2023 after market close. EARNINGS RELEASE Wednesday, August 2, 2023 (after market close) LIVE CONFERENCE CALL Wednesday, August 2, 2023, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150 Listen-only, Local / International Toll: +1 (201)...

At the conclusion of the ATMO Awards Ceremony of the Atmosphere America Summit 2023 in Washington D.C., Energy Recovery, Inc. earned the prestigious Refrigeration Innovation of the Year Award for its PX G1300 TM Pressure Exchanger. The award for Refrigeration Innovation of the Year is presented by ATMO to the company that has produced a natural refrigerant-based product that has had, or is expected to have, a significant impact on the market. The PX G1300 uses powerful PX technology that works...

Magnachip Starts Mass Production of 40V MXT MOSFET for Automotive Energy Recovery Systems PR Newswire SEOUL, South Korea, June 12, 2023 – The 40V MXT MOSFET with R DS(on) as low as 1.4mΩ enables effective kinetic energy recovery in cars SEOUL, South Korea , June 12, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company has begun mass production of its new 40V MXT Metal-Oxide-Semiconductor Field-Effect Transistor...

Energy Recovery Inc., a market leader in energy recovery devices (ERDs), has announced the expansion of its PX® Pressure Exchanger® Ultra High-Pressure Series (U Series) product line, tailored for ultra high-pressure reverse osmosis (UHPRO) applications. The expanded U Series product line now includes the U20, U40, U80, and U250 models. Flow ranges for the suite of models range from 2.3-56.8 m 3 /hr (10-250 gpm) with a maximum operating pressure of 120 bar (1,740 psi). With government-mandated...

Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the first quarter ended March 31, 2023. First Quarter Highlights Revenue of $13.4 million, and within February 2023 guidance. Lower gross margin of 60.9%, as compared to Q1’2022, driven mainly by an increase in pump and hydraulic turbocharger revenue in the original equipment manufacturer and aftermarket channels, and a decrease PX ® Pressure Exchanger ® revenue in the...

Energy Recovery (NASDAQ: ERII) today announced a collection of contracts totaling over $8 million to supply PX® Pressure Exchanger® energy recovery devices and accessories to desalination facilities in Chile. These contracts are for mining applications and demonstrate the region's continuing investment in desalination. Chile is the world's No. 1 copper producer and the No. 2 producer of lithium. Industrial mines require fresh water for pumping minerals like lithium to the surface and for...

Energy Recovery, Inc. (NASDAQ: ERII) today announced it will release its financial results for the quarterly period ending March 31, 2023, and host a conference call to discuss the quarterly results and related matters on May 3, 2023, after market close. EARNINGS RELEASE Wednesday, May 3, 2023 (after market close) LIVE CONFERENCE CALL Wednesday, May 3, 2023, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150 Listen-only, Local / International Toll: +1 (201) 689-8354...

EQS-News: Energy Recovery / Key word(s): Miscellaneous Energy Recovery’s PX G1300 Technology Unveiled as Key Component in Epta Group’s Next-Generation CO2 Refrigeration System 27.02.2023 / 03:30 EST/EDT The issuer is solely responsible for the content of this announcement. Energy Recovery’s PX G1300 Technology Unveiled as Key Component in Epta Group’s Next-Generation CO2 Refrigeration System San Leandro, 02/27/2023 / 03:00, EST/EDT - EQS Newswire - Energy Recovery SAN LEANDRO, CA /...

SAN LEANDRO, CA / ACCESSWIRE / February 27, 2023 / Energy Recovery, Inc. ® (NASDAQ:ERII) today announced its PX G1300™ energy recovery device is a featured component in Epta Group (Epta)'s next-generation commercial CO 2 refrigeration system, the XTE (Extra Transcritical Efficiency). Epta, independent global player and leader specialized in commercial refrigeration, unveiled the XTE on the first day of EuroShop 2023 , the world's number one retail trade fair located in Düsseldorf, Germany....

EQS-News: Energy Recovery / Key word(s): Agreement Energy Recovery Announces PX G1300 Exclusive Distribution Agreement for the Benelux Region with European Refrigeration Company Fieuw Koeltechniek 23.02.2023 / 01:18 EST/EDT The issuer is solely responsible for the content of this announcement. Signing Celebration to be Held at EuroShop 2023 Trade Fair SAN LEANDRO, CA and ROESELARE, BELGIUM / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced the appointment of...

Signing Celebration to be Held at EuroShop 2023 Trade Fair SAN LEANDRO, CA and ROESELARE, BELGIUM / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced the appointment of Fieuw Koeltechniek (Fieuw), a leading refrigeration cooling rack and service provider in Belgium, the Netherlands, and Luxembourg (the Benelux region), as Energy Recovery's exclusive distribution agent in the Benelux region. The parties entered into an exclusive distribution agreement, Energy...

SAN LEANDRO, CA / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the fourth quarter ended December 31, 2022. Fiscal Year 2022 Highlights Revenue growth of 21% over the prior year and within the November 2022 guidance. Achieved the highest revenue quarter in the company's history during the fourth quarter of fiscal year 2022 of $42.3 million. Growth was driven by our core desalination business and...

SAN LEANDRO, CA / ACCESSWIRE / February 16, 2023 / Energy Recovery, Inc. ® (NASDAQ:ERII) today announced a set of contracts totaling over $9 million to supply its PX ® Pressure Exchanger ® energy recovery devices to desalination facilities in China, India, South Korea, and Indonesia. The orders are estimated to be fulfilled by the end of Q3 2023. These contracts represent a mix of industrial and municipal applications and demonstrate the region's continuing investment in desalination. China...

SAN LEANDRO, CA / ACCESSWIRE / January 23, 2023 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the year and quarterly period ending December 31, 2022, and host a conference call to discuss the results and related matters on Wednesday, February 22, 2023 after market close. EARNINGS RELEASE Wednesday, February 22, 2023 (after market close) LIVE CONFERENCE CALL Wednesday, February 22, 2023, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1...

SAN LEANDRO, CA / ACCESSWIRE / November 2, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the third quarter ended September 30, 2022. Third Quarter Highlights: Revenue of $30.5 million. Full year revenue guidance of $121-$125 million, or 16%-20% year-on-year growth, within gross margin expectations guided last year. Income from operations of $4.9 million and adjusted income from operations (1) of $6.8 million. Net income...