Energy Recovery Inc. is a California based company that develops and manufactures energy recovery devices for the global desalination, oil and gas, and chemical processing industries. Their award winning technology has been utilised to save customers well over a billion dollars in energy costs. This is achieved through recapturing pressure energy that would otherwise be lost.
Energy recovery has a strong balance sheet and existing revenues from it’s desalination business. However, the real story here is one of future growth, as the company enters the oil & gas sector in particular. It’s early days so far which is why we view this as a long term investment.