Energy Recovery, Inc. (ERII) Bundle
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 SolutionsEnergy 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 LeadershipEnergy 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 EfficiencyKey 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 LeadershipEnergy 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 |
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 satisfaction rate in 2023 was 94%, with global customer base spanning 45 countries.
| Market Segment | Customer Satisfaction |
|---|---|
| Desalination | 96% |
| Oil & Gas | 92% |
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
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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