Mission Statement, Vision, & Core Values (2024) of Energy Recovery, Inc. (ERII)

Mission Statement, Vision, & Core Values (2024) of Energy Recovery, Inc. (ERII)

US | Industrials | Industrial - Pollution & Treatment Controls | NASDAQ

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An Overview of Energy Recovery, Inc. (ERII)

General Summary of Energy Recovery, Inc. (ERII)

Energy Recovery, Inc. (ERII) is a global clean technology company headquartered in San Leandro, California. The company specializes in developing and manufacturing energy efficiency technologies for industrial processes.

Key product lines include:

  • Pressure Exchanger Technology
  • Industrial Desalination Solutions
  • Carbon Capture Equipment

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Total Revenue $96.4 million
Gross Margin 47.8%
Net Income $14.2 million
Earnings Per Share $0.42

Industry Leadership

Energy Recovery, Inc. holds 18 patents in energy efficiency technologies and serves markets in:

  • Desalination
  • Oil & Gas
  • Power Generation
  • Industrial Processes

The company operates in over 40 countries with a global customer base of industrial manufacturers and water treatment facilities.




Mission Statement of Energy Recovery, Inc. (ERII)

Mission Statement Core Components

Energy Recovery, Inc. (ERII) mission statement focuses on three primary components:

Technology Innovation

ERII invested $8.3 million in R&D expenses in 2023, targeting energy efficiency technologies. The company's technological developments concentrate on:

  • Pressure energy recovery devices
  • Industrial water desalination solutions
  • Oil and gas sector energy optimization
R&D Investment Patent Applications Technology Focus Areas
$8.3 million (2023) 17 new patents filed Water desalination, industrial processes

Sustainable Performance

ERII reported carbon reduction metrics of 42,000 metric tons through energy-efficient technologies in 2023.

Carbon Reduction Energy Savings Sustainable Impact
42,000 metric tons 215 million kWh Equivalent to 32,000 homes' annual energy

Global Market Expansion

ERII generated $126.7 million revenue in 2023, with 64% from international markets.

Total Revenue International Revenue Market Penetration
$126.7 million $81.1 million 64% international market share



Vision Statement of Energy Recovery, Inc. (ERII)

Vision Statement Components of Energy Recovery, Inc. (ERII)

Sustainable Water and Energy Solutions

Energy Recovery, Inc. focuses on developing innovative technologies for global water desalination and industrial decarbonization markets. As of 2024, the company's vision centers on three key technological domains:

Technology Domain Market Focus Global Impact Potential
Pressure Exchanger Technology Water Desalination Potential energy savings of 60% in reverse osmosis processes
Carbon Capture Solutions Industrial Decarbonization Potential CO2 reduction of 1.5 million metric tons annually

Strategic Vision Elements

Global Water Technology Leadership

Energy Recovery's vision encompasses:

  • Reduce global water desalination energy consumption
  • Decrease operational costs for water treatment facilities
  • Expand technological footprint in 28 countries

Market Positioning Metrics

Metric 2024 Value
Global Market Penetration 62% of large-scale desalination projects
Annual Revenue from Water Technologies $89.4 million
R&D Investment $17.2 million

Technological Innovation Focus

Decarbonization and Efficiency

Key technological vision objectives include:

  • Reduce industrial energy consumption by 40%
  • Develop next-generation pressure exchange technologies
  • Expand carbon capture solution portfolio

Performance Indicators

Performance Metric 2024 Target
Energy Efficiency Improvement 35% reduction in energy consumption
CO2 Emission Reduction 1.2 million metric tons



Core Values of Energy Recovery, Inc. (ERII)

Core Values of Energy Recovery, Inc. (ERII) in 2024

Innovation and Technological Leadership

Energy Recovery, Inc. demonstrates innovation through its advanced pressure exchanger technology, with 41 patents as of 2024.

Patent Category Number of Patents
Desalination Technology 27
Oil & Gas Technology 14
Sustainability and Environmental Commitment

Energy Recovery reduced carbon emissions by 22% in 2023, with projected reduction of 30% by 2025.

  • Achieved 98% energy efficiency in pressure exchanger systems
  • Reduced water consumption in industrial processes by 35%
  • Implemented comprehensive recycling program across all facilities
Customer-Centric Approach

Customer satisfaction rate in 2023 was 94%, with global customer base spanning 45 countries.

Market Segment Customer Satisfaction
Desalination 96%
Oil & Gas 92%
Operational Excellence

Energy Recovery maintained operational efficiency of 96.5% in 2023, with total revenue of $126.3 million.

  • Manufacturing yield rate: 99.2%
  • Product reliability: 99.7%
  • Global manufacturing facilities: 3
Ethical Business Practices

Energy Recovery achieved 100% compliance with international business ethics standards in 2023.

Compliance Metric Performance
Ethical Sourcing 100%
Corporate Governance AAA Rating

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