Latest revision as of 13:59, 30 March 2023

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 Thanks for visiting my user page. I've been a [[Wikipedia:Wikipedians|Wikipedian]] since 2008.
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-{{Infobox company
-| name = Energy Recovery Inc.
-| logo =
-| logo_caption =
-| image =
-| image_caption =
-| type = Public
-| traded_as = {{NASDAQ|ERII}}<br />[[Russell 2000 Index|Russell 2000 Component]]
-| founder = Leif Hauge
-| defunct =
-| area_served = Worldwide
-| key_people = Robert Mao, [[chief executive officer|CEO]]
-| industry = Water, CO<sub>2</sub>
-| products = PX Pressure Exchanger
-| production =
-| services =
-| revenue = $103,904,000{{increase}} (2021)<ref name="2021 ERII 10-K">{{cite web |title=2021 ERII 10-K |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0001421517/000142151722000037/erii-20211231.htm |website=SEC.gov |publisher=Securities and Exchange Commission |access-date=23 March 2023}}</ref>
-| operating_income =
-| net_income =
-| assets = $213,690,000{{increase}} (2021)<ref name="2021 ERII 10-K" />
-| equity = $178,779,000{{increase}} (2021)<ref name="2021 ERII 10-K" />
-| owner =
-| num_employees = 222 (2021)<ref name="2021 ERII 10-K" />
-| parent =
-| divisions =
-| homepage = {{URL|energyrecovery.com}}
-| foundation = 1992
-| location_city = [[San Leandro, California]]
-| location_country =
-| locations = 6
-}}
-'''Energy Recovery Inc.''' (NASDAQ: ERII)<ref>http://www.nasdaq.com/symbol/erii {{Bare URL inline|date=August 2022}}</ref>  manufactures [[energy recovery]] devices for water and CO<sub>2</sub> 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. Energy Recovery produces its equipment in a facility located at the company’s headquarters.<ref name=Leon>{{cite news
-|first=Leon
-|last=Kaye
-|title=The Business Case for Sustainable Technology
-|newspaper=The Guardian
-|date=8 March 2013
-|url=https://www.theguardian.com/sustainable-business/business-case-sustainable-technology
-}}</ref>
-Energy Recovery is based in [[San Leandro, California]], with international offices in Dubai, United Arab Emirates; Shanghai, China; and Madrid, Spain.<ref name="2021 ERII 10-K">{{cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1421517/000142151720000011/a10-k2019q4.htm|title=Form 10-K|publisher=Securities and Exchange Commission|access-date=4 Jan 2021|page=21}}</ref>
-==History==
-Energy Recovery was founded in 1992 by Leif and Marissa Hauge and incorporated in Virginia. The company was reincorporated in Delaware in 2001.<ref name="Business Journal">{{Cite web|url=http://www.bizjournals.com/sanfrancisco/stories/2008/06/30/daily30.html|title=San Leandro's Energy Recovery shines in IPO - San Francisco Business Times|website=San Francisco Business Times|access-date=2016-03-23}}</ref> Energy Recovery began selling its PX pressure exchanger products for seawater reverse osmosis (SWRO) desalination applications in 1997 and went public in 2008.<ref name="Business Journal" />
-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.<ref name="reuters.com">{{Cite news|url=https://www.reuters.com/article/energy-recovery-fracking-idUSL1N12G29Y20151019|title=Energy Recovery lands $125 mln deal with Schlumberger|date=2015-10-19|newspaper=Reuters|access-date=2016-03-23}}</ref> As of 2022, Energy Recovery no longer produces the VorTeq product.<ref>{{cite web |last1=Accesswire |title=Energy Recovery Announces Exit From VorTeq(TM) Exclusive Licensing Agreement with Schlumberger |url=https://www.yahoo.com/now/energy-recovery-announces-exit-vorteq-200200115.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJ3L45GqIz7WB7g6LctamSNbnTvFw-GFq0AeVLa1jEMImX_Ql_FV9u9Hxm9V-ygesfTI137NAq8Gq3cborLTZVVYHzZcTkPvtJpzeWCl_SGE2WHjbLJCB6Rn-6-gYcPZF3qjIDvHzWk5wKE5cH7LML5ik_-wob0KeuwQjKfr8Eom |website=Yahoo.com |publisher=Yahoo! |access-date=23 March 2023}}</ref>
-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%.<ref>{{cite journal|last1=Sola|first1=Katie|title=The Best Performing Company In Every State, Ranked By Return|journal=Forbes|date=25 June 2016|url=https://www.forbes.com/sites/katiesola/2016/06/25/the-best-performing-company-in-every-state-ranked-by-return/#5000af605ad1|access-date=8 August 2016}}</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="2021 ERII 10-K" /> 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.<ref>{{cite web |title=2021 ESG Highlights |url=https://energyrecovery.com/about-us/environmental-social-governance/?utm_source=IR+Website&utm_medium=ESG+Page&utm_campaign=ESG21 |website=Energy Recovery, Inc. |access-date=23 March 2023 |page=18 |format=PDF}}</ref> 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>
-==References==
-{{Reflist}}
-==External links==
-* [http://www.energyrecovery.com Official Energy Recovery Inc. website]
-[[:Category:Energy companies of the United States]]
-[[:Category:Technology companies based in the San Francisco Bay Area]]
-[[:Category:Companies based in San Leandro, California]]
-[[:Category:Energy companies established in 1992]]
-[[:Category:Non-renewable resource companies established in 1992]]
-[[:Category:1992 establishments in California]]
-[[:Category:Companies listed on the Nasdaq]]