Energy Recovery Signs $27.5 Million in Desalination Contracts in Morocco
Energy Recovery, Inc. (ERII)
Last energy recovery, inc. earnings: 4/30 04:02 pm
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Source: Business Wire
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced the company has signed contracts to supply its PX® Pressure Exchanger® to seawater reverse osmosis (SWRO) desalination projects in Morocco, totaling $27.5 million. These contracts have previously been reported in the company’s financial guidance, and all orders are expected to be fulfilled in 2024.North Africa continues to present a strong demand for SWRO desalination. Morocco is facing a years long drought that drained the country’s reservoirs to 25% full earlier this year, and the country is currently working towards a goal to supply half of its drinking water from desalination by 2030. When completed, these projects will supply over one million cubic meters per day of potable water for municipal and agricultural use – enough water for more than 600,000 Moroccans.“Desalination is the only drought-proof source of water, and it is vital that arid regions around the world such as North Africa
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ERII
Earnings
- 7/31/24 - Beat
ERII
Sec Filings
- 8/21/24 - Form 4
- 8/7/24 - Form 3
- 8/7/24 - Form 4
- ERII's page on the SEC website