In a significant move to combat water scarcity and enhance its water supply strategy, Algeria has secured multiple contracts with Energy Recovery, Inc. (NASDAQ: ERII), totaling over $28 million. These contracts mark a pivotal step in achieving the nation’s goal of increasing desalination’s contribution to 50% of its water supply by 2030.
Desalination is pivotal to Algeria’s strategy, considering that it currently provides 17% of the nation’s water, a vital resource in the face of climate change and a severe drought in 2021. To expedite this transition, Algeria has established a dedicated desalination agency.
The projects covered by these contracts are set to bolster Algeria’s progress toward this ambitious goal. Specifically, these projects will supply the innovative PX® Pressure Exchanger® (“PX”) devices to municipal desalination initiatives, ensuring a clean and reliable source of drinking water for local communities. All orders are scheduled for delivery in 2023.
“Algeria is a clear example of why desalination will continue to be a critical part of a diversified water supply strategy in the face of water scarcity around the world,” commented Rodney Clemente, Energy Recovery Senior Vice President of Water. He went on to highlight that, while Algeria is investing in various water-related strategies, seawater desalination remains the only drought-proof solution. These contracts will boost Algeria’s installed desalination capacity to nearly 3.5 million cubic meters per day, supporting water sustainability and operational cost optimization.
Notably, the PX technology offers substantial energy savings in desalination, potentially reducing energy consumption by up to 60%. It also boasts the lowest lifecycle cost compared to other energy recovery devices on the market. Energy Recovery estimates that these PX units will prevent over 560,000 metric tons of carbon emissions annually, equivalent to removing approximately 120,000 passenger cars from the road.
About Energy Recovery
Energy Recovery (NASDAQ: ERII) stands as a globally trusted leader in energy efficiency technology. Leveraging their pressure exchanger technology platform, they design and manufacture high-performance solutions that bring cost savings and enhanced energy efficiency across various industries. With deep roots in the desalination sector, Energy Recovery has consistently delivered transformative solutions that optimize operations and positively impact the environment for over three decades. The company is headquartered in the San Francisco Bay Area, with manufacturing and research and development facilities spanning California and Texas, and global sales and technical support services. To learn more, please visit https://energyrecovery.com.
Forward Looking Statements
It’s important to note that this press release contains forward-looking statements in accordance with applicable securities regulations. These statements are based on information available at the time and the company’s management’s beliefs, assumptions, estimates, or projections. They do not guarantee future events or results, including expected delivery dates. As such, potential risks and uncertainties, as well as other factors, are discussed within this press release. The actual results of the company may differ from the predictions made in these forward-looking statements. All forward-looking statements are current as of the date of this release, and the company assumes no obligation to update them.
This article highlights Algeria’s commitment to enhancing its water sustainability through desalination projects and underscores Energy Recovery, Inc.’s pivotal role in achieving this goal. With substantial investment in seawater desalination, Algeria is poised to significantly expand its desalination capacity, ensuring a reliable source of clean drinking water for its citizens. This move not only addresses immediate water scarcity issues but also supports long-term sustainability in the face of climate change. Energy Recovery’s innovative PX technology plays a crucial role in this endeavor, promising energy efficiency and substantial carbon emissions reduction.
