- Currently, the American Southwest is suffering from a mult-decade megadrought. America's two largest freshwater reservoirs (Mead & Powell) are at historic lows.
- The problem is certainly not confined to the US: pollution, population & economic growth, and the impact of global warming are stressing water supplies across the planet.
- Energy Recovery makes pressure exchange devices for the global salt-water reverse osmosis ("SWRO") market. It also checks all the relevant ESG boxes.
- The company has no debt, $108 million in cash, and has been demonstrating growing revenue and continued strong bookings.
For further details see:
ERII: Because There Is A Global Water Crisis