Energy Recovery Inc
Energy Recovery, Inc. is an energy solutions provider to industrial fluid flow
markets worldwide. We make industrial processes more operating and capital expenditure
efficient. Our solutions convert wasted pressure energy into a reusable asset
and preserve or eliminate pumping technology in hostile processing environments.
Our solutions are marketed and sold in fluid flow markets, such as water, oil
& gas and chemical processing, under the trademarks ERI®, PX®, Pressure
Exchanger®, PX Pressure Exchanger®, AT™, AquaBold™, VorTeq™,
IsoBoost®, and IsoGen®. Our solutions are developed in whole or in part,
in the United States of America (“U.S.”), as well as other locations
internationally.
Our primary industrial fluid flow markets are water desalination and oil &
gas. We have been and continue to be the technology leader for energy recovery
devices (“ERDs”) in the water desalination market with our proprietary
Pressure Exchanger technology and turbochargers. We also provide high-performance
and high-efficiency pumps to facilitate a packaged solution for our customers.
Building on our leading technology, we have expanded our solution offerings
into other fluid flow markets, such as those found in upstream, midstream, and
downstream applications of the oil & gas industry, as well as exploring
other end markets for which our solutions may be applicable. We offer the VorTeq
hydraulic fracturing system (“VorTeq”), IsoBoost, and IsoGen product
lines to the oil & gas market.
Water Desalination has been our core market for revenue generation to date.
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 globally. Because of the geographical location of many significant
desalination projects, geopolitical and economic events can have an effect on
the timing of expected projects. In addition, population and economic growth
in countries such as India and China are driving water demand for human, agricultural,
and industrial use. We anticipate that markets traditionally not associated
with water desalination, including the United States, will inevitably develop
and provide further revenue growth opportunities. Our solutions leverage our
Pressure Exchanger, turbocharger, and pump technologies providing our customers
significant operational efficiency and energy savings.
Across the oil & gas upstream, midstream and downstream market, highly
pressurized fluid flows are required to extract and process oil or gas. These
pressurized fluid flows are both a necessity and liability to the oil &
gas industry.
Within the oil & gas upstream segment, hydraulic fracturing is a well-stimulation
technique in which rock is fractured by pressurized liquid through the injection
of a highly abrasive, proppant-laden fluid into a wellbore to create cracks
in deep-rock formations thereby permitting oil & gas extraction. Oilfield
service providers utilize high-pressure hydraulic fracturing pumps to pressurize
the fracturing fluid at treating pressures up to 15,000 psi. These pumps are
routinely destroyed during the hydraulic fracturing process causing significant
oilfield service operator costs associated with excessive downtime, repairs,
maintenance, and capital equipment redundancy. Our solution leverages our Pressure
Exchanger technology to isolate high-pressure hydraulic fracturing pumps from
abrasive fracturing fluid thereby enabling oilfield service operators to realize
immediate and long-term savings.
Within the oil & gas midstream and downstream segments, pressure energy
becomes a waste product at different stages of oil and gas processing. It is
at these stages that our technology enables the recovery of pressure energy
in the fluid flow either through the exchange of pressure within the application
or by converting it to electricity. We enable gas processing plant and pipeline
owners and operators to achieve immediate and long-term energy savings with
little or no operational disruption.