Energy Recovery, Inc. (Nasdaq: ERII) announced that it has signed contracts totaling $27.5 million to supply its PX® Pressure Exchanger® for seawater reverse osmosis (SWRO) desalination projects in Morocco. These contracts were previously disclosed in the Company’s financial guidance and all orders are expected to be fulfilled in 2024.
North Africa continues to show strong demand for SWRO desalination. Morocco is facing a years-long drought that reduced the country’s reservoirs to 25% full earlier this year, and the country is currently working towards a goal of sourcing half of its drinking water from desalination by 2030. When completed, these projects will provide more than one million cubic meters of drinking water per day for municipal and agricultural use – enough water for more than 600,000 Moroccans.
“Desalination is the only drought-proof source of water, and it is critical that arid regions of the world, such as North Africa, secure access to fresh water by investing in a diversified portfolio of water treatment technologies, including energy-efficient SWRO,” said Rodney Clemente, Energy Recovery senior vice president of water. “These contracts include one of the largest desalination projects in North Africa, which will help bridge the gap between existing water supplies and Morocco’s growing demand for fresh water. In addition to providing drinking water, more than half of the projected desalination production is earmarked for the agricultural sector, making desalination and our PX units a key player in creating a sustainable ecosystem.”
The PX can reduce desalination energy consumption by up to 60% and offers the lowest life cycle cost of any energy recovery device on the market. When these
