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News Breaks
November 20, 2012
12:51 EDTERIIEnergy Recovery says water demand driving takeover interest, Bloomberg reports
The CEO of Energy Recovery, Tom Rooney, told Bloomberg in a phone interview that lots of industrial concerns are looking at the company given the global demand for water. However, Rooney added they "don't want to be bought out." Shares of Energy Recovery surged 12% to $2.90 following Bloomberg's report.
News For ERII From The Last 14 Days
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September 28, 2015
09:03 EDTERIIEnergy Recovery awarded $1.8M for mega desalination plant in Middle East
Energy Recovery announced an award for $1.8M to supply its PX Pressure Exchanger technology for a mega desalination plant in the Middle East. For the project, Energy Recovery will partner with a wastewater treatment and services specialist based in the region. The order is expected to ship during the third quarter of 2016. Energy Recovery will supply its PX-Q300 and PX-180 Pressure Exchanger devices for the plant, which will produce 68,000 cubic meters of fresh water per day. Energy Recovery estimates the PX devices will reduce the plant power consumption by 9.7 MW, saving over 83 GWh of energy per year, and help it avoid 59,700 tons of CO2 emissions per year. The two companies have previously partnered on another mega project in the Middle East.

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