Profile: Energy Recovery Inc (ERII.OQ)
20 Sep 2019
Energy Recovery, Inc., incorporated on March 8, 2001, is an energy solutions provider to industrial fluid flow markets. The Company's solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. The Company operates through two segments: Water, Oil & Gas, and Corporate. The Company's Water Segment focuses on products sold for use in reverse osmosis water desalination. The Company's Oil & Gas Segment consists of products sold for use in hydraulic fracturing, gas processing, and chemical processing. The Company offers energy recovery devices (ERDs) in the water desalination market with its pressure exchanger (PX) and turbocharger technologies. The Company offers VorTeq hydraulic fracturing system (VorTeq), IsoBoost, and IsoGen product lines to the oil and gas market. The Company's customers include engineering, procurement and construction companies, original equipment manufacturers, international oil companies, national oil companies, and exploration and production companies. The Company offers preventive maintenance and support services, as well as reinstallation services. The Company's solutions are marketed and sold in fluid flow markets, such as water, oil and gas, and chemical processing, under the trademarks ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, IsoBoost and IsoGen.
The Water desalination market ranges from small water desalination plants, such as those used in cruise ships and resorts to mega-project desalination plant deployments. Its water desalination ERDs are categorized into two technology groups: PX Pressure Exchangers and turbochargers. The Company's PX ERDs enable water desalination plant operators to capture wasted hydraulic pressure energy from a high-pressure fluid flow and transfer the energy to a low-pressure fluid flow, thereby recovering wasted pressure energy. The turbochargers technology group consists of AT turbochargers designed for low-pressure brackish and high-pressure seawater reverse osmosis systems.
Oil & Gas
In the oil and gas market, the Company designs and manufactures solutions that preserve or eliminate pumping technology in hostile processing environments and convert wasted pressure energy into a reusable asset. Its solutions are the VorTeq hydraulic fracturing system and its centrifugal line of products, including the IsoBoost and the IsoGen. The IsoBoost energy recovery systems comprise hydraulic turbo chargers and related controls, and automation systems. Its IsoBoost systems, through the use of turbochargers, enable oil and gas operators to capture wasted hydraulic pressure energy from a high-pressure fluid flow and transfer the energy to a low-pressure fluid flow thereby recovering wasted pressure energy. Its IsoGen energy recovery systems comprise hydraulic turbines, generators, and related controls and automation systems. The IsoGen enables oil and gas operators to capture hydraulic energy and generate electricity from high-pressure fluid flows. Additionally, its energy recovery and power generation systems result in lower capital costs for oil and gas operators by minimizing the need for high-pressure pumps that consume large amounts of energy.
The Company competes with Flowserve Corporation, Fluid Equipment Development Company, Clyde Union Ltd., Duchting Pumpen Maschinenfabrik GmbH & Co KG, KSB Aktiengesellschaft, Torishima Pump Mfg. Co., Ltd., Sulzer Pumps, Ltd. and Shin Nippon Machinery.
Energy Recovery Inc
1717 Doolittle Dr
SAN LEANDRO CA 94577-2231