Ashley Montgomery, energy, ERII, NASDAQ, Water Conversion, Wolrd Market Media Stocks: ERII

Humanity faces a global water supply crisis. Less than 1% of all fresh water is readily accessible for human use and more than 1.8 billion people lack adequate access to drinking water. As water extraction levels from rivers, lakes, and aquifers approach historically maximum levels, water scarcity remains a serious concern across the globe. Entire regions in North Africa, as well as Australia and the Indian subcontinent, are unable to meet the water demands of urban areas and local farmers. Dwindling water supply is also an issue here in the United States.

To help mitigate this mounting scarcity, the process of converting seawater into freshwater emerged as a potential source of new and abundant supply. However, older methods of desalinating seawater consumed significant amounts of energy, and historically desalination has been an unaffordable, impractical solution for most regions. Energy Recovery, Inc. (NASDAQ: ERII) has designed and developed an innovative technology that dramatically reduces the energy required for seawater desalination.


ERI's Pressure Exchanger™ (PX™) device recycles much of the energy used in seawater desalination by continually reclaiming the otherwise lost pressure energy from the reject or brine water with to up to 98% efficiency. This improves the energy efficiency of seawater reverse osmosis (SWRO) by up to 60%, making desalination an affordable, sustainable option to address the world's water crisis. This is significant because in a typical desalination plant the large electric motors driving the pumps consume dozens of megawatts of energy. Every percent of improvement in efficiency, therefore, means millions of dollars in energy savings over the life of the plant; thus enabling large desalination plants to affordably supply much of the demand for fresh-water to cities around the world.

ERI's PX devices currently save more than 750 megawatts of energy and are reducing CO2 emissions by more than 4.6 million tons per year. More than 7,000 PX devices are in the market, supporting the production of drinking water for an estimated 25 million people globally. The sapphire-like material makes the PX device a very reliable, low-maintenance solution, which has captured 70% of global market share in newly constructed large desalination plants worldwide.

Today, Energy Recovery Inc. topped the list of Biggest Percentage Price Gainers among common stocks on the Nasdaq Stock Market. The company is currently trading at $4.42, up $0.62 or 16.32%.

On Wednesday, June 16th, it released press that President and CEO G.G. Pique would deliver a presentation at the Clean Technology Conference and Expo (June 21-24, 2010 at the Anaheim Convention Center in Anaheim, California). "Global water shortages have reached crisis levels: As many as one in eight people lack safe water supplies, and the United Nations estimates that a child dies from water-related diseases every 15 seconds. Developing and industrialized nations alike face major decisions about how to address a looming — and inevitable — global water deficiency," said Pique. "For years, Energy Recovery has been at the forefront of helping to advance desalination as a long-term, economically viable solution. I look forward to speaking at the Clean Technology Conference & Expo to demonstrate how our Pressure Exchanger™ (PX™) isobaric energy recovery device makes desalination a far less energy-intensive process and plays a key role in sustainably addressing global (and domestic) water scarcity."

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