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Energy Recovery Sets Product Revenue Record in the First Quarter

Energy Recovery Sets Product Revenue Record in the First Quarter SAN LEANDRO, CA / ACCESSWIRE / May 6, 2021 / Energy Recovery, Inc. (Nasdaq:ERII) today announced its financial results for the first quarter ended March 31, 2021. The Company posted record-high quarterly product revenue in its core Water segment with 52% growth compared to the first quarter of 2020. Today, Energy Recovery is at a key inflection point as we embark on a path of sustainable, disciplined, and diversified growth. First, we must protect and grow our seawater desalination business, which is thriving as our quarterly results show, said Robert Mao, Chairman of the Board, President, and Chief Executive Officer of Energy Recovery.

Vital Finding: Top Water Treatment Companies from Europe and The U S Leading the Global Market

Vital Finding: Top Water Treatment Companies from Europe and The U S Leading the Global Market
sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.

Global Water Treatment Chemicals Market Gaining Momentum—Projected to Reach USD 65 2 Billion by 2027

Increasing methane contamination in water due to shale gas exploration driving the market Natural gas trapped inside the shale formation is known as shale gas. Fine-grained sedimentary rocks, generally known as shale, can be a rich source of petroleum and natural gas. Natural gas is usually trapped within the pores of sedimentary rocks. Shale gas is becoming increasingly popular because it is considered a cleaner coal, emitting less than half the CO 2. A study was conducted by U.S. researchers in 2011 to measure the methane contamination in 68 wells that drew water for human consumption from underground natural resources across northeast Pennsylvania, and New York State. It revealed that methane concentration was almost 17 times higher in wells near the shale gas production site. The contamination level increased with increasing proximity to the active shale gas production site.

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