Energy Recovery Signs $27.5M Contracts To Supply PX Pressure Exchanger For Seawater Desalination Projects In Morocco; Orders To Be Fulfilled In 2024
Portfolio Pulse from Benzinga Newsdesk
Energy Recovery has signed contracts worth $27.5 million to supply its PX Pressure Exchanger technology for seawater desalination projects in Morocco. The orders are expected to be fulfilled in 2024.
August 15, 2024 | 12:04 pm
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Energy Recovery has secured $27.5 million in contracts to supply its PX Pressure Exchanger technology for seawater desalination projects in Morocco, with fulfillment expected in 2024.
The $27.5 million contracts represent a significant revenue boost for Energy Recovery. The fulfillment of these orders in 2024 indicates a strong future revenue stream, likely positively impacting the stock price in the short term.
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