Energy Recovery, Inc.: management transactions · United States · SEC (Form 4)

About Energy Recovery, Inc.

Energy Recovery, Inc. is a U.S.-listed industrial technology company traded on the Nasdaq in the United States under the ticker ERII. For French-speaking investors, it sits at the intersection of water infrastructure, energy efficiency, and specialized process equipment. Founded in 1992, the company built its reputation on a niche expertise in energy recovery and on engineering solutions that reduce power consumption in pressure-intensive industrial processes. Its headquarters, R&D, and manufacturing operations are in San Leandro, California. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1421517/000142151725000048/erii-20241231.htm?utm_source=openai)) Energy Recovery first established itself in seawater desalination, where its PX Pressure Exchanger devices recover energy from high-pressure brine streams. That technology made the company a recognized supplier to desalination EPCs, plant operators, and membrane system integrators. The company positions itself as a global leader in energy recovery devices, with a specialized footprint tied to water infrastructure and industrial process markets. ([energyrecovery.com](https://energyrecovery.com/about/?utm_source=openai)) Its business model is centered on several lines. The Water segment remains the historic core, anchored by PX products for reverse osmosis and desalination applications. Energy Recovery also serves the Refrigeration market, where it offers energy-recovery solutions for CO2 refrigeration and selected cold-chain use cases. In parallel, the company has pursued Emerging Technologies, although this portfolio has recently been streamlined. Recent 2026 disclosures show a strategic reset, including the wind-down of the CO2 retail grocery business after management concluded that scaled adoption would require more time and investment than initially expected. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1421517/000142151725000048/erii-20241231.htm?utm_source=openai)) From a competitive standpoint, ERII benefits from a specialist profile: high energy savings, low maintenance needs, and straightforward integration into pressurized industrial systems. Those attributes support its positioning in markets where energy costs and operational reliability are decisive. Key differentiators include intellectual property, industrial execution, and the ability to win long-cycle project business, often in water-stressed regions. The company’s commercial presence is global, with references across North America, Europe, the Middle East, and Asia, particularly in large desalination projects. ([energyrecovery.com](https://energyrecovery.com/about/?utm_source=openai)) Recent highlights include 2025 and 2026 earnings updates showing a company that remains profitable but is exposed to project timing, tariff-related cost pressure, and active capital allocation through share repurchases. In May 2026, Energy Recovery also announced a leadership transition: CEO David Moon plans to retire once a successor is appointed, and CFO Mike Mancini resigned, with an interim CFO named. For investors, ERII remains a quality technology story on the Nasdaq, linked to water infrastructure growth and capital discipline, but still subject to project cyclicality and portfolio execution risk. ([ir.energyrecovery.com](https://ir.energyrecovery.com/news-events/press-releases/detail/377/energy-recovery-reports-its-first-quarter-2026-financial?utm_source=openai))