Energy Recovery, Inc. (ERII): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how some companies manage to turn waste into valuable resources while championing sustainability? Energy Recovery (ERII), a technology company specializing in energy efficiency, stands out by transforming wasted pressure energy into valuable assets. With their innovative solutions, they're not just enhancing industrial productivity but also saving clients over $1.5 billion annually!

But how exactly does Energy Recovery achieve this, and what makes their approach so effective? Let's dive into the history, ownership, mission, and the mechanics behind their operations to understand how they generate revenue and impact the energy sector.

Energy Recovery was honored with 'The Breakthrough Innovation Award for Most Innovative Company in Desalination Technology” at the 2024 IDRA World Congress. Their PX® Pressure Exchanger® technology has been deployed across seven continents, serving clean water to over 70 million people daily and achieving up to 60% energy consumption reduction in SWRO desalination facilities, which translates into approximately $6.3 billion savings in energy costs each year for their customers.

Energy Recovery, Inc. (ERII) History

Energy Recovery, Inc. Founding Timeline

Year established

The company was originally founded in 1992.

Original location

The company's original location was in California.

Founding team members

While specific names of all founding team members are not readily available in the provided search results, the company was initially backed by venture capital firms and later by individual investors such as Arun Sarin, former CEO of Vodafone.

Initial capital/funding

Details on the exact initial capital or funding amount are not available in the provided search results. However, it is noted that the company secured venture capital backing in its early stages.

Energy Recovery, Inc. Evolution Milestones

Energy Recovery, Inc. Transformative Moments

• Diversification into Oil & Gas (2015): Expanding the application of their pressure exchanger technology into the oil and gas industry marked a significant effort to diversify revenue streams. This move aimed to leverage their expertise in fluid dynamics and energy recovery in new markets.
• Strategic Realignment (2018): The strategic realignment in 2018 was a pivotal moment where the company refocused on its core competencies and key markets. This involved streamlining operations and concentrating on areas where they held a competitive advantage, ultimately seeking to improve profitability and long-term sustainability.
• Technological Advancements: Continuous innovation in pressure exchanger technology has allowed to maintain a competitive edge and adapt to evolving market needs. These advancements have not only improved the efficiency of desalination processes but also opened doors for new applications in various industries.

To gain further insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of Energy Recovery, Inc. (ERII).

As of fiscal year 2024, continues to innovate and adapt, solidifying its role in sustainable technology solutions across industries.

Energy Recovery, Inc. (ERII) Ownership Structure

Energy Recovery, Inc. has a mix of institutional, insider, and retail ownership, influencing its corporate governance and strategic direction.

Energy Recovery, Inc.'s Current Status

Energy Recovery, Inc. is a publicly traded company, listed on the Nasdaq Stock Market under the ticker symbol ERII. This means that its shares are available for purchase by the general public, and the company is subject to the regulations and reporting requirements set forth by the U.S. Securities and Exchange Commission (SEC).

Energy Recovery, Inc.'s Ownership Breakdown

The ownership of Energy Recovery, Inc. is distributed among various types of shareholders. Here’s a breakdown:

Energy Recovery, Inc.'s Leadership

The leadership team is responsible for the strategic direction and operational management of Energy Recovery, Inc.

• Robert L. Mao: Chairman of the Board
• Ricardo Freitas: President and Chief Executive Officer
• Joshua Ballard: Chief Financial Officer

Understanding the financial health of a company is crucial for investors. For a detailed analysis, check out: Breaking Down Energy Recovery, Inc. (ERII) Financial Health: Key Insights for Investors

Energy Recovery, Inc. (ERII) Mission and Values

Energy Recovery, Inc. is dedicated to making industrial processes sustainable by innovating efficient solutions that reduce energy consumption and environmental impact. The company's core values emphasize innovation, sustainability, and integrity in addressing global challenges related to water and energy.

Energy Recovery, Inc.'s Core Purpose

Official mission statement

Energy Recovery’s mission statement is: 'To make industrial processes sustainable.'

• This mission reflects a commitment to developing and deploying technologies that minimize environmental impact.
• The company focuses on creating solutions that enable industries to operate more efficiently and responsibly.
• Energy Recovery aims to lead in the development of technologies that address critical global challenges related to water and energy.

Vision statement

While Energy Recovery does not have a singular, explicitly defined vision statement, their broader vision can be inferred from their actions and goals:

• To be the global leader in providing energy recovery devices and solutions for industrial fluid processing.
• To enable industries worldwide to achieve greater sustainability through innovative technology.
• To create significant value for stakeholders by driving efficiency and reducing the environmental footprint of industrial operations.

Company slogan/tagline

Energy Recovery does not currently have a widely publicized official slogan or tagline. However, considering their core activities and mission, a fitting tagline might be:

• 'Innovating Sustainability.'
• 'Powering Efficiency, Preserving Resources.'
• 'Sustainable Solutions for a Thirsty World.'

To delve deeper into the ownership and investor aspects, check out this resource: Exploring Energy Recovery, Inc. (ERII) Investor Profile: Who’s Buying and Why?

Energy Recovery, Inc. (ERII) How It Works

Energy Recovery, Inc. specializes in energy recovery devices that improve efficiency and reduce costs in industrial processes. Their technology primarily focuses on pressure exchangers that recycle energy from waste streams.

Energy Recovery, Inc.'s Product/Service Portfolio

Energy Recovery, Inc.'s Operational Framework

Energy Recovery, Inc. operates through innovation, manufacturing, and global sales and support. Their operational framework includes:

• Research and Development: Investing in R&D to develop new energy recovery technologies and improve existing products.
• Manufacturing: Producing high-quality pressure exchangers and systems that meet stringent industry standards.
• Sales and Marketing: Targeting industries with high energy consumption and offering solutions to reduce costs and improve efficiency.
• Project Implementation: Collaborating with clients to integrate their technology into new and existing facilities.
• Aftermarket Services: Providing ongoing support, maintenance, and optimization services to ensure long-term performance and customer satisfaction.

Energy Recovery, Inc.'s Strategic Advantages

Energy Recovery, Inc. has several strategic advantages that contribute to its market position:

• Proprietary Technology: Patented pressure exchanger technology that offers superior energy recovery compared to traditional methods.
• Cost Savings: Significant reduction in energy consumption and operational costs for customers, leading to quick ROI.
• Environmental Benefits: Lower carbon footprint due to reduced energy usage, aligning with global sustainability goals.
• Industry Expertise: Deep understanding of desalination, oil and gas, and industrial wastewater treatment processes, enabling tailored solutions.
• Global Presence: Serving customers worldwide with sales, service, and support infrastructure.

To gain more in-depth insights into the financial aspects of Energy Recovery, Inc., check out Breaking Down Energy Recovery, Inc. (ERII) Financial Health: Key Insights for Investors.

Energy Recovery, Inc. (ERII) How It Makes Money

Energy Recovery, Inc. specializes in energy recovery devices that improve efficiency and reduce costs in industrial processes. The company primarily generates revenue through the sale of its products and related services to industries such as water treatment, oil and gas, and chemical processing.

Energy Recovery, Inc.'s Revenue Breakdown

While specific percentage breakdowns for the fiscal year 2024 are not available in the provided search results, we can discuss the general structure. Historically, the company’s revenue is derived from two primary streams:

Energy Recovery, Inc.'s Business Economics

Energy Recovery, Inc.'s business economics are influenced by several key factors:

• Pricing Strategy: The company employs value-based pricing, reflecting the cost savings and efficiency gains its products offer to clients. The initial cost of the equipment is offset by long-term reductions in energy consumption and operational expenses.
• Economic Drivers: The demand for Energy Recovery's products is closely tied to the growth of industries that require efficient energy usage and water treatment solutions. Factors such as increasing global population, rising water scarcity, and stricter environmental regulations drive the need for desalination and efficient industrial processes.
• Competitive Landscape: Energy Recovery operates in a niche market with specialized technology. Competition comes from alternative energy recovery methods and traditional technologies. The company maintains its competitive edge through continuous innovation and a strong focus on product performance and reliability.

Energy Recovery, Inc.'s Financial Performance

Analyzing Energy Recovery, Inc.'s financial performance involves looking at key metrics that showcase the company's efficiency, profitability, and growth potential. While precise 2024 fiscal year data isn't available in the search results, here are some general considerations:

• Revenue Growth: Consistent revenue growth indicates increasing market adoption of Energy Recovery's technologies. Revenue trends are influenced by large project cycles, particularly in the water and oil & gas sectors.
• Gross Margin: The gross margin reflects the company's efficiency in converting sales into profit. A healthy gross margin indicates effective cost management and strong pricing power.
• Operating Expenses: Monitoring operating expenses, including R&D and SG&A, is crucial to assess the company's investment in future growth and operational efficiency.
• Net Income/Loss: The bottom line indicates overall profitability. Factors such as revenue growth, gross margin, and operating expenses all impact net income.
• Cash Flow: Strong cash flow from operations is essential for funding future growth and maintaining financial stability.

To gain more insights into the company's mission, vision, and core values, explore Mission Statement, Vision, & Core Values of Energy Recovery, Inc. (ERII).

Energy Recovery, Inc. (ERII) Market Position & Future Outlook

Energy Recovery, Inc. is strategically positioned to capitalize on the growing demand for energy-efficient solutions in industrial wastewater treatment and other applications. With a focus on innovative technologies and strategic partnerships, the company aims to expand its market share and drive sustainable growth.

Competitive Landscape

Opportunities & Challenges

Industry Position

Energy Recovery, Inc. holds a significant position in the market for energy recovery devices, particularly in desalination and industrial wastewater treatment. The company's innovative pressure exchanger technology offers substantial energy savings and operational cost reductions compared to traditional methods.

• Strong focus on research and development to maintain technological leadership.
• Strategic partnerships with key industry players to expand market reach.
• Commitment to sustainability and environmental responsibility, aligning with global trends.

To gain more in-depth insights into the company's financial performance and stability, check out: Breaking Down Energy Recovery, Inc. (ERII) Financial Health: Key Insights for Investors