Energy Recovery scores another desal contract

San Leandro, Calif.-based Energy Recovery (Nasdaq: ERII) announced its third desalination contract today since the company started trading on the Nasdaq just over a month ago.

The company, which makes energy recovery products and technology for desalination, will supply its PX-260 technology for the Hamriyah Power Station Seawater Reverse Osmosis Desalination Plant in Sharja, United Arab Emirates. Financial terms of the deal with the plant's builder, Austria's Aqua Engineering, were not disclosed.

"This is the fourth plant within a few years for which we have chosen PX technology," said Guido Codemo, process engineer for Aqua Engineering. "Having installed them in various plant sizes in Oman and UAE, we found these devices working very reliably and most efficiently."

Last week, Energy Recovery announced a deal for its PX system to be used in one of China's largest seawater desalination plants under a contract with Singapore's Hyflux (see Energy Recovery in China desal contract).

The company also signed an agreement with Israel's IDE Technologies to supply its technology for the Hadera Sea Water Reverse Osmosis Desalination Plant, located between Tel Aviv and Haifa.

Energy Recovery made its debut on the public markets at the beginning of July, pricing its initial public offering of 14 million shares at $8.50 per share (see Energy Recovery prices IPO near top of range).

The first phase of the Hamriyah plant in the United Arab Emirates will be a 91,000 cubic meter per day project, using 104 of Energy Recovery's PX-260 devices. Energy Recovery said its technology will save an estimated 13 megawatts of power.

The plant is under construction and scheduled to start operations in 2009.