Jump to content

User:Fuzzmartin: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Fuzzmartin (talk | contribs)
224 edits
No edit summary
Fuzzmartin (talk | contribs)
224 edits
No edit summary
Line 55: Line 55:
The company is currently led by president and chief executive officer Robert Mao who was appointed in May 2020.<ref>{{Cite news |date=May 2020 |title=Energy Recovery Names Robert Mao President and Chief Executive Officer |language=en-US |url=http://www.energyrecovery.com/media/energy-recovery-names-robert-mao-president-and-chief-executive-officer/ |access-date=2021-01-05}}</ref>
The company is currently led by president and chief executive officer Robert Mao who was appointed in May 2020.<ref>{{Cite news |date=May 2020 |title=Energy Recovery Names Robert Mao President and Chief Executive Officer |language=en-US |url=http://www.energyrecovery.com/media/energy-recovery-names-robert-mao-president-and-chief-executive-officer/ |access-date=2021-01-05}}</ref>


⚫
==Products==
⚫
===PX Pressure Exchanger===
⚫
The PX Pressure Exchanger device is Energy Recovery’s flagship product used in [[desalination]].<ref name=":2">{{Cite web|url=http://www.altenergystocks.com/archives/2014/12/energy_recovery_offers_savings_to_gas_industry.html|title=Energy Recovery Offers Savings to Gas Industry {{!}} Alternative Energy Stocks|website=www.altenergystocks.com|access-date=2016-03-23|archive-date=2017-06-27|archive-url=https://web.archive.org/web/20170627081930/http://www.altenergystocks.com/archives/2014/12/energy_recovery_offers_savings_to_gas_industry.html|url-status=dead}}</ref> The Pressure Exchanger's technology utilizes pressure energy to reduce electricity and maintenance costs.<ref name=":1" /> The device collides two fluid flows, transferring the energy from one fluid to the next. This energy transfer occurs in a fraction of a second, reducing the interaction between the two fluids.<ref name=":0">{{Cite web|url=http://www.wwdmag.com/desalination/creating-economical-drinking-water-supply|title=Creating an Economical Drinking Water Supply {{!}} The Solutions Source of the Water & Wastewater Industry|website=www.wwdmag.com|date=13 October 2014|access-date=2016-03-23}}</ref> Energy Recovery developed pressure exchanger products for specific applications, including its PX G1300™ for the CO2 refrigeration industry<ref>{{cite web |title=PX G1300 |url=https://energyrecovery.com/px-g1300/ |website=Energy Recovery, Inc. |access-date=23 March 2023}}</ref>, and its Ultra PX™ for Ultra High-Pressure Reverse Osmosis (UHPRO) applications in wastewater treatment.<ref>{{cite web |title=Ultra PX |url=https://energyrecovery.com/industrial-wastewater/ultra-px/ |website=Energy Recovery, Inc. |access-date=23 March 2023}}</ref>

Energy Recovery holds a majority market share in the desalination industry.<ref>{{Cite web|url=http://www.waterworld.com/articles/wwi/print/volume-28/issue-4/upfront/leader-focus/riding-the-desalination-wave-of-energy-recovery.html|title=Riding the desalination Wave of Energy Recovery|website=www.waterworld.com|access-date=2016-03-23}}</ref> There are more than 30,000 Pressure Exchangers supplied in more than 100 countries worldwide. The company’s technologies have cut more than 14 billion kWh of energy each year and produced more than 12 billion liters of clean water daily.<ref>{{Cite web|url=http://www.altenergymag.com/content.php?post_type=2169|title=What is osmotic power? {{!}} AltEnergyMag|website=www.altenergymag.com|access-date=2016-03-23}}</ref>




--------original below---------
--------original below---------


The device collides two fluid flows, transferring the energy from one fluid to the next. This energy transfer occurs in less than a fraction of a second, reducing the interaction between the two fluids.

⚫
==Products==

⚫
=== PX Pressure Exchanger ===
⚫
The PX Pressure Exchanger device is Energy Recovery’s flagship product used in [[desalination]].<ref name=":2">{{Cite web|url=http://www.altenergystocks.com/archives/2014/12/energy_recovery_offers_savings_to_gas_industry.html|title=Energy Recovery Offers Savings to Gas Industry {{!}} Alternative Energy Stocks|website=www.altenergystocks.com|access-date=2016-03-23|archive-date=2017-06-27|archive-url=https://web.archive.org/web/20170627081930/http://www.altenergystocks.com/archives/2014/12/energy_recovery_offers_savings_to_gas_industry.html|url-status=dead}}</ref> The Pressure Exchanger's technology utilizes pressure energy that can reduce electricity and maintenance costs.<ref name=":1" /> The device collides two fluid flows, transferring the energy from one fluid to the next. This energy transfer occurs in less than a fraction of a second, reducing the interaction between the two fluids.<ref name=":0">{{Cite web|url=http://www.wwdmag.com/desalination/creating-economical-drinking-water-supply|title=Creating an Economical Drinking Water Supply {{!}} The Solutions Source of the Water & Wastewater Industry|website=www.wwdmag.com|date=13 October 2014|access-date=2016-03-23}}</ref>


Energy Recovery holds a majority market share in the desalination industry.<ref>{{Cite web|url=http://www.waterworld.com/articles/wwi/print/volume-28/issue-4/upfront/leader-focus/riding-the-desalination-wave-of-energy-recovery.html|title=Riding the desalination Wave of Energy Recovery|website=www.waterworld.com|access-date=2016-03-23}}</ref> There are 16,000 Pressure Exchangers in operation worldwide. The global desalination market has an annual recurring total addressable market (TAM) of US$50 million.<ref name=":0" /> The company’s technologies have cut more than 14 billion kWh of energy each year and produced more than 12 billion liters of clean water daily.<ref>{{Cite web|url=http://www.altenergymag.com/content.php?post_type=2169|title=What is osmotic power? {{!}} AltEnergyMag|website=www.altenergymag.com|access-date=2016-03-23}}</ref>
Energy Recovery holds a majority market share in the desalination industry.<ref>{{Cite web|url=http://www.waterworld.com/articles/wwi/print/volume-28/issue-4/upfront/leader-focus/riding-the-desalination-wave-of-energy-recovery.html|title=Riding the desalination Wave of Energy Recovery|website=www.waterworld.com|access-date=2016-03-23}}</ref> There are 16,000 Pressure Exchangers in operation worldwide. The global desalination market has an annual recurring total addressable market (TAM) of US$50 million.<ref name=":0" /> The company’s technologies have cut more than 14 billion kWh of energy each year and produced more than 12 billion liters of clean water daily.<ref>{{Cite web|url=http://www.altenergymag.com/content.php?post_type=2169|title=What is osmotic power? {{!}} AltEnergyMag|website=www.altenergymag.com|access-date=2016-03-23}}</ref>

Revision as of 19:21, 23 March 2023

Thanks for visiting my user page. I've been a Wikipedian since 2008.

Energy Recovery Inc.
Company typePublic
Nasdaq: ERII
Russell 2000 Component
IndustryWater, CO2
Founded1992
FounderLeif Hauge
Headquarters
San Leandro, California
Number of locations
6
Area served
Worldwide
Key people
Robert Mao, CEO
ProductsPX Pressure Exchanger
Revenue$86,942,000Increase (2019)[1]
Total assets$188,774,000Increase (2019)[2]
Total equity$136,013,00Increase (2019)[3]
Number of employees
246 (2022)[4]
SubsidiariesEnergy Recovery Iberia S.L.
ERI Energy Recovery Ireland Ltd.
Websiteenergyrecovery.com

Energy Recovery Inc. (NASDAQ: ERII)[5] manufactures energy recovery devices for water and CO2 refrigeration industries globally. The purpose of these devices, in various applications, is to facilitate the transfer between two different liquids, capturing energy and circulating it back into the system, reducing energy consumption and carbon emissions. Industries where this technology is used include desalination, industrial wastewater, lithium processing, and CO2 refrigeration.[6] Energy Recovery produces its equipment in a facility located at the company’s headquarters.[7].[6]

Energy Recovery is based in San Leandro, California, with international offices in Dubai, United Arab Emirates; Shanghai, China; and Madrid, Spain.[7]

History

Energy Recovery was founded in 1992 by Leif and Marissa Hauge and incorporated in Virginia. The company was reincorporated in Delaware in 2001.[8] Energy Recovery began selling its PX pressure exchanger products for seawater reverse osmosis (SWRO) desalination applications in 1997 and went public in 2008.[8]

On October 19, 2015, Energy Recovery signed a 15-year licensing agreement with Schlumberger Technology Corporation granting Schlumberger the exclusive rights to utilize Energy Recovery’s VorTeq technology in on-shore oil and gas well completions globally.[9] As of 2022, Energy Recovery no longer produces the VorTeq product.[10]

In 2016, Forbes reported that Energy Recovery was the top performing company in California in terms of annual returns on investment, with a return of 317.3%.[11]

The company is currently led by president and chief executive officer Robert Mao who was appointed in May 2020.[12]

Products

PX Pressure Exchanger

The PX Pressure Exchanger device is Energy Recovery’s flagship product used in desalination.[13] The Pressure Exchanger's technology utilizes pressure energy to reduce electricity and maintenance costs.[14] The device collides two fluid flows, transferring the energy from one fluid to the next. This energy transfer occurs in a fraction of a second, reducing the interaction between the two fluids.[15] Energy Recovery developed pressure exchanger products for specific applications, including its PX G1300™ for the CO2 refrigeration industry[16], and its Ultra PX™ for Ultra High-Pressure Reverse Osmosis (UHPRO) applications in wastewater treatment.[17]

Energy Recovery holds a majority market share in the desalination industry.[18] There are more than 30,000 Pressure Exchangers supplied in more than 100 countries worldwide. The company’s technologies have cut more than 14 billion kWh of energy each year and produced more than 12 billion liters of clean water daily.[19]


original below--------- 

The device collides two fluid flows, transferring the energy from one fluid to the next. This energy transfer occurs in less than a fraction of a second, reducing the interaction between the two fluids.

Energy Recovery holds a majority market share in the desalination industry.[20] There are 16,000 Pressure Exchangers in operation worldwide. The global desalination market has an annual recurring total addressable market (TAM) of US$50 million.[15] The company’s technologies have cut more than 14 billion kWh of energy each year and produced more than 12 billion liters of clean water daily.[21]

VorTeq

VorTeq adapts Energy Recovery’s Pressure Exchanger technology to protect pumps used in the hydraulic fracturing process from fluid damage, improving efficiencies by cutting costs and production time during fracturing jobs.[22] The VorTeq hydraulic pumping system was unveiled at Energy Recovery’s December 2014 analyst and investor event in New York City.[23] That same year, Energy Recovery filed 43 patents to develop VorTeq’s technology for use in hydraulic fracturing.[14]

On October 19, 2015, Energy Recovery announced a 15-year licensing agreement with Schlumberger Technology Corporation, granting Schlumberger the exclusive rights to utilize Energy Recovery’s VorTeq technology in onshore oil and gas well completions globally.[9]

A major pain point in hydraulic fracturing is pump failure caused by the sand or proppant-filled fluid.[24] Every year, approximately US$4.1 million is spent by frac crews performing maintenance on pumps, resulting in an average 40 percent redundancy in equipment on site.[14] The proppant-filled fluid passes through VorTeq so that high pressure pumps aren’t damaged.[14] This allows the pump fleet to pump only clean water.[14] VorTeq’s technology can potentially save companies up to US$1 million per fleet in maintenance costs, and save the hydraulic fracturing industry approximately US$1.4 billion per year.[14]

The device is designed to handle up to 110 barrels per minute with a treating pressure of up to 15,000 psi and the core is made of tungsten carbide, which is 1,000 times more resistant to abrasion than steel.[24]

Liberty Oilfield Services will be the first company to test VorTeq in 2015 and will conduct the first live well field trials.[13]

According to Neal Hagerman, engineering manager at Integrated Petroleum Technologies, “Incorporating the VorTeq system could represent a paradigm shift in how the service company industry approaches preventative maintenance, because hydraulic horsepower pumps will no longer be exposed to the abrasive slurry mixture of proppant and water, the source of most maintenance issues. Eliminating these issues will reduce backup requirements and improve overall operational efficiency.” [25]

IsoBoost

Energy Recovery’s IsoBoost system reduces the wear on pumps used in gas processing and ammonia production, reducing maintenance costs and increasing plant runtime.[26]

The IsoBoost system is the highest efficiency energy recovery system on the market for amine processing.[26] IsoBoost’s technology is designed to harness energy from pressure drops in one liquid process flow to boost the pressure in an adjacent flow.[26] At the heart of the IsoBoost system is a hydraulic turbocharger, which is customized for each application to yield optimal operational flexibility at high efficiencies.[26]

The IsoBoost system employs a liquid phase turbocharger with maximum flexibility.[26] The device recovers energy in acid gas treatment processes at up to 80 percent efficiency, increasing productivity and profitability and reducing the carbon footprint created during the processes.[26]

Energy Transfer partners’ Jackalope plant in Hebronville, Texas, installed IsoBoost in 2008, and the plant’s total maintenance costs have fallen by 67 percent.[14]

IsoGen

Energy Recovery’s IsoGen system generates electricity by taking the energy in the fluid and converting it into usable electrical power.[22]

The IsoGen turbine, with an electrical generator, captures the pressure energy released by pipelines when fluids flow downhill.[14] When oil or gas travels downhill in a pipeline, it builds pressure, and pipelines use choke valves to release that excess pressure. The energy that is released through this pressure letdown is usually wasted.[12] Through the IsoGen, this energy can be captured and used at the pumping station or transferred into the power grid.[14]

In 2015, Saudi Aramco commissioned an IsoGen system for a gas processing plant in the Middle East.[27]

References

  1. ^ "Form 10-K". Securities and Exchange Commission. p. 39. Retrieved 4 Jan 2021.
  2. ^ "Form 10-K". Securities and Exchange Commission. p. 35. Retrieved 4 Jan 2021.
  3. ^ Cite error: The named reference ERII10k 35 was invoked but never defined (see the help page).
  4. ^ "Form 10-K". Securities and Exchange Commission. p. 12. Retrieved 23 Mar 2023.
  5. ^ http://www.nasdaq.com/symbol/erii [bare URL]
  6. ^ Kaye, Leon (8 March 2013). "The Business Case for Sustainable Technology". The Guardian.
  7. ^ "Form 10-K". Securities and Exchange Commission. p. 21. Retrieved 4 Jan 2021.
  8. ^ a b "San Leandro's Energy Recovery shines in IPO - San Francisco Business Times". San Francisco Business Times. Retrieved 2016-03-23.
  9. ^ a b "Energy Recovery lands $125 mln deal with Schlumberger". Reuters. 2015-10-19. Retrieved 2016-03-23.
  10. ^ Accesswire. "Energy Recovery Announces Exit From VorTeq(TM) Exclusive Licensing Agreement with Schlumberger". Yahoo.com. Yahoo!. Retrieved 23 March 2023.
  11. ^ Sola, Katie (25 June 2016). "The Best Performing Company In Every State, Ranked By Return". Forbes. Retrieved 8 August 2016.
  12. ^ "Energy Recovery Names Robert Mao President and Chief Executive Officer". May 2020. Retrieved 2021-01-05.
  13. ^ a b "Energy Recovery Offers Savings to Gas Industry | Alternative Energy Stocks". www.altenergystocks.com. Archived from the original on 2017-06-27. Retrieved 2016-03-23.
  14. ^ a b c d e f g h i "Company Offers Pressure Energy Solution for Hydraulic Fracturing". www.rigzone.com. Retrieved 2016-03-23.
  15. ^ a b "Creating an Economical Drinking Water Supply | The Solutions Source of the Water & Wastewater Industry". www.wwdmag.com. 13 October 2014. Retrieved 2016-03-23.
  16. ^ "PX G1300". Energy Recovery, Inc. Retrieved 23 March 2023.
  17. ^ "Ultra PX". Energy Recovery, Inc. Retrieved 23 March 2023.
  18. ^ "Riding the desalination Wave of Energy Recovery". www.waterworld.com. Retrieved 2016-03-23.
  19. ^ "What is osmotic power? | AltEnergyMag". www.altenergymag.com. Retrieved 2016-03-23.
  20. ^ "Riding the desalination Wave of Energy Recovery". www.waterworld.com. Retrieved 2016-03-23.
  21. ^ "What is osmotic power? | AltEnergyMag". www.altenergymag.com. Retrieved 2016-03-23.
  22. ^ a b "Energy Recovery – $ERII – Insider Buying and The Fear of Missing Out | WhiteTree". whitetree.net. Retrieved 2016-03-23.
  23. ^ "Energy Recovery Inc. commercialises new fracking technology | Shale Energy Insider". www.shaleenergyinsider.com. Archived from the original on 2016-04-05. Retrieved 2016-03-23.
  24. ^ a b "The Water Network | by AquaSPE". thewaternetwork.com. Retrieved 2016-03-23.
  25. ^ "New Pump Protection System Touted as 'Paradigm Shift' for Hydraulic Fracturing | Flow Control Network". Flow Control Network. Retrieved 2016-03-23.
  26. ^ a b c d e f "Energy Recovery's IsoBoost™ Saves Energy And Reduces Carbon Footprint". www.oilandgasonline.com. Retrieved 2016-03-23.
  27. ^ "Energy Recovery Commissions First IsoGen Turbogenerator System for Saudi Aramco - Energy Recovery". Energy Recovery. Retrieved 2016-03-23.
Retrieved from "https://en.wikipedia.org/w/index.php?title=User:Fuzzmartin&oldid=1146259642"