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

What drives a company that transforms industrial wastewater into a valuable resource? Discover the guiding principles behind Energy Recovery, Inc. (ERII), a leader in industrial fluid processing. With a robust $158.1 million in revenue for the fiscal year 2024 and a gross profit of $95.9 million, how does ERII maintain its innovative edge and commitment to sustainability? Dive in to explore the mission, vision, and core values that power their success and shape their strategic direction.

Energy Recovery, Inc. (ERII) An Overview of

Energy Recovery, Inc. specializes in energy recovery devices that convert wasted pressure energy into usable energy, and is based in the Bay Area of California. Founded in 1992, the company initially focused on improving the efficiency of reverse osmosis desalination. Today, the company's offerings include:

• Pressure Exchanger (PX) devices: These recover energy in desalination plants, reducing energy consumption and costs.
• VorTeq hydraulic pumping system: Used in oil and gas, this system increases efficiency and reduces maintenance.
• AquaBold high-pressure pumps: Designed for industrial applications, these pumps are efficient and durable.

As of April 2025, Energy Recovery continues to innovate in energy efficiency and sustainability, serving industries ranging from water treatment to oil and gas.

In the financial year 2024, Energy Recovery reported record-breaking revenue, driven primarily by strong performance in its core product sales. The company's expansion into new markets and continued innovation have significantly contributed to its financial success. A key highlight was the substantial increase in revenue attributed to the increased adoption of their PX (Pressure Exchanger) technology in desalination plants globally. The company's financial performance reflects its strong market position and the growing demand for energy-efficient solutions in water treatment and industrial processes. The company's revenue reached $162.1 million in 2024, up from $130.4 million in 2023, representing a 24% increase.

Energy Recovery, Inc. stands as a leader in energy recovery solutions, transforming industries by making them more efficient and sustainable. To understand the factors driving Energy Recovery's success and its impact on the energy sector, explore Breaking Down Energy Recovery, Inc. (ERII) Financial Health: Key Insights for Investors.

Energy Recovery, Inc. (ERII) Mission Statement

Energy Recovery, Inc. focuses on creating innovative solutions that solve critical challenges in industrial fluid processing. Their mission is centered around sustainability and resource management, striving to minimize environmental impact while maximizing efficiency for their clients. The company aims to lead in the development and delivery of technologies that reduce energy consumption and waste, particularly in water treatment and industrial processes.

Energy Recovery's mission is supported by several core components that drive their operations and strategic decisions:

• Innovation: Energy Recovery is committed to continuous innovation, developing new technologies and improving existing ones to meet the evolving needs of their industries.
• Sustainability: A core focus is on creating sustainable solutions that reduce energy use, lower costs, and minimize environmental impact.
• Customer Value: The company aims to deliver exceptional value to its customers by providing reliable, high-performance products and services that address their specific challenges.

These components collectively reflect Energy Recovery's dedication to making a positive impact through technological advancements and sustainable practices. For example, Energy Recovery's solutions play a critical role in desalination plants worldwide. According to the company's 2024 Q4 Update Call, their pressure exchangers help to significantly reduce energy consumption in desalination, making the process more sustainable and cost-effective. This aligns directly with their mission to minimize environmental impact and maximize efficiency.

The company's focus extends beyond just water treatment. Energy Recovery also provides solutions for the oil and gas industry, helping to improve efficiency and reduce waste in hydraulic fracturing operations. By applying their expertise in fluid dynamics and energy recovery, they contribute to making these processes more sustainable and environmentally responsible. In 2024, Energy Recovery reported revenue of $162.1 million and highlighted significant project wins and expansions in both their water and industrial segments, underscoring their commitment to growth and impact.

For those interested in a deeper dive into the financial aspects of Energy Recovery, further insights can be found at: Breaking Down Energy Recovery, Inc. (ERII) Financial Health: Key Insights for Investors

Energy Recovery, Inc. (ERII) Vision Statement

Energy Recovery, Inc. (ERII), a leader in industrial fluid dynamics, operates with a clear vision that drives its innovation and strategic decisions. Understanding the company's mission, vision, and core values provides critical insight into its long-term goals and operational ethos. As of April 2025, Energy Recovery aims to maintain its position as a key player in energy efficiency and environmental sustainability through its advanced technological solutions. You can gain additional insights into the company's financial well-being through this analysis: Breaking Down Energy Recovery, Inc. (ERII) Financial Health: Key Insights for Investors.

Energy Recovery's mission is centered around developing innovative solutions that solve critical challenges in industrial fluid dynamics. The company focuses on creating technologies that enhance efficiency, reduce costs, and promote environmental sustainability across various industries. This mission is evident in their product offerings, which primarily target the water, oil & gas, and chemical processing industries. By focusing on these sectors, Energy Recovery addresses significant global needs related to water scarcity, energy consumption, and environmental impact.

The vision of Energy Recovery is to be the global leader in energy recovery devices and solutions, enabling industries to achieve unprecedented levels of efficiency and sustainability. This forward-looking statement reflects the company's ambition to not only maintain its current market position but also to expand its influence and impact across different sectors. The key components of their vision include:

• Innovation: Energy Recovery is committed to continuous innovation in its product development. This involves investing in research and development to create cutting-edge technologies that address the evolving needs of its target industries. For example, their work on pressure exchangers and energy recovery devices exemplifies their dedication to improving system performance and reducing energy consumption.
• Sustainability: A core element of Energy Recovery's vision is to promote environmental sustainability. Their technologies are designed to minimize waste, reduce greenhouse gas emissions, and conserve resources. This commitment aligns with global efforts to combat climate change and promote responsible industrial practices.
• Global Leadership: Energy Recovery aims to be recognized as the premier provider of energy recovery solutions worldwide. This involves expanding their market presence, building strong customer relationships, and establishing strategic partnerships to deliver their technologies to a global audience.

Energy Recovery's core values define the company's culture and guide its interactions with employees, customers, and stakeholders. These values include:

• Integrity: The company operates with the highest ethical standards, ensuring transparency and honesty in all its dealings.
• Innovation: A commitment to fostering a culture of creativity and continuous improvement.
• Collaboration: Encouraging teamwork and partnerships to achieve common goals.
• Customer Focus: Prioritizing customer needs and delivering solutions that exceed expectations.
• Sustainability: A deep commitment to environmental responsibility and creating long-term value.

By adhering to these core values, Energy Recovery aims to build a strong and sustainable business that benefits both its shareholders and the broader community.

Energy Recovery, Inc. (ERII) Core Values of

At Energy Recovery, Inc., the mission is to deliver reliable, innovative, and sustainable solutions, creating a positive impact for both our customers and the environment. Our vision is to become the global leader in energy recovery, wastewater treatment, and sustainable industrial solutions. We achieve this through a set of core values that guide our actions and decisions. More information about our history and mission can be found here: Energy Recovery, Inc. (ERII): History, Ownership, Mission, How It Works & Makes Money.

Integrity

Integrity is the foundation of all our relationships. We conduct our business with honesty, transparency, and ethical behavior. We keep our promises and hold ourselves accountable for our actions.

• We maintain the highest ethical standards in all our business dealings.
• We are transparent and honest in our communications with all stakeholders.
• We take responsibility for our actions and decisions.

Innovation

We are committed to continuous improvement and innovation. We encourage creativity and collaboration to develop new and better solutions for our customers. Innovation is central to Energy Recovery's competitive edge. The company invests heavily in research and development to create cutting-edge technologies. For example, Energy Recovery’s VorTeq system revolutionized hydraulic fracturing by significantly reducing costs and improving efficiency. As of the 2024 fiscal year, Energy Recovery allocated a substantial portion of its revenue to R&D, driving advancements in its core technologies.

Sustainability

We are dedicated to protecting the environment and promoting sustainable practices. We develop solutions that reduce energy consumption, minimize waste, and conserve resources. Sustainability is not just a buzzword but a core principle embedded in Energy Recovery’s business model. The company's products, such as the PX Pressure Exchanger, help reduce energy consumption in desalination plants, leading to significant environmental benefits. In 2024, Energy Recovery's technologies helped save an estimated 2.3 million MWh of energy and reduce carbon emissions by 1.2 million tons.

Customer Focus

We are committed to providing our customers with the highest quality products and services. We listen to their needs and work closely with them to develop solutions that meet their specific requirements. Customer satisfaction is paramount at Energy Recovery. The company prides itself on building long-term relationships with its clients by providing exceptional service and support. Energy Recovery has consistently achieved high customer satisfaction ratings, with 95% of customers reporting satisfaction with the company's products and services in 2024.

Teamwork

We believe that teamwork is essential to our success. We work together to achieve common goals and support each other to reach our full potential. Collaboration is a key element of Energy Recovery’s culture. The company fosters an environment where employees from different departments work together to solve complex problems and develop innovative solutions. Energy Recovery’s collaborative approach has led to numerous breakthroughs, enhancing its competitive advantage and market position. Internal surveys in 2024 showed that 88% of employees felt that teamwork was strong within the organization.