Energy Recovery Secures $650,000 Desalination Order with Degremont Iberia for Mid-Size Plant in Spain

Energy Recovery Inc. (ERII), the leader in pressure energy technology for industrial fluid flows, today announced a $650,000 desalination OEM order from Degremont Iberia, S.A. (“Degremont”), a company focused on the production of drinking water from groundwater or surface water in industrialized countries.

This current retrofit installation is taking place at the IDAM Las Americas plant in Tenerife, part of Spain’s Canary Islands. Degremont will be installing Energy Recovery’s most reliable and efficient PXQ-300 devices along its seawater reverse osmosis (SWRO) trains in addition to its booster pumps. Energy Recovery already collaborated with Degremont on many projects around the world, including in the mega-sized, 52 million gallons per day Barcelona (Llobregat) Desalination Plant, which installed about 250 PX Pressure Exchanger energy recovery devices.

The order shipped to the plant earlier this quarter, and the retrofit is scheduled to be completed by the end of 2015.

Chief Financial Officer, Mr. Joel Gay, stated, “We are pleased to build upon our successful partnership with Degremont, a leader in building best-in-class plants, with more than 10,000 successful projects globally. This is the result of our After-Market group’s continued expansion into retrofit projects. While we are still cautious in evaluating the prospects of larger projects in desalination, we have seen steady improvement in both OEM and After-Market sales. We intend to continually seek new opportunities to utilize our technology to make end-user operations efficient and affordable.”