Energy Recovery Secures Over $12 Million in Desalination Contracts for UAE Projects-February 2024-www.financetom.com

Energy Recovery Secures Over $12 Million in Desalination Contracts for UAE Projects

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Energy Recovery Secures Over $12 Million in Desalination Contracts for UAE Projects

Oct 17, 2024 12:08 PM

10:35 AM EDT, 10/17/2024 (MT Newswires) -- Energy Recovery ( ERII ) said Thursday it secured contracts worth over $12 million for its PX Pressure Exchanger devices to be used in three seawater reverse osmosis desalination projects in the United Arab Emirates.

The projects will have a total filtration capacity of nearly 1 million cubic meters of water per day, with device shipments planned for Q4, the company said.

Shares of Energy Recovery ( ERII ) were up nearly 1% in recent trading.

Price: 18.09, Change: +0.16, Percent Change: +0.89

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