Fortune magazine estimates the water desalination industry to be worth $30 billion and expects this figure to double by 2016. Another publication, Global Water Intelligence, suggests that we will need to triple global desalination capacity to meet the growing demand of potable water. Today, nearly 20% of the global population, or approximately 1.3 billion people,
We have been watching the BBC’s wonderful documentary, Planet Earth. The dangers facing the planet are many. One of them is water shortages. Water desalination technology leader Energy Recovery Inc (NASDAQ:ERII) had a mixed quarter. Q109 revenues grew 39% to $12.6 million to beat the market’s expectations of $12 million. EPS of $0.03 was in
After disappointing results for last quarter, Energy Recovery Inc (ERII) beat the market’s expectations this quarter, and the company gave a positive outlook for the coming quarters. For an in-depth look at the global water crisis and business opportunities therein, read Dominique Trempont’s Water Shortages: Opportunities for Entrepreneurs.
One of the best ways to make money in the stock market is to identify high caliber companies early on in their history, and hold on to them through the long term (I mean years, not quarters). I particularly like companies that have large market forces driving them. In some cases, these may not be
My Forbes column, Hydro-Alchemy, begins: “Alchemy refers to a medieval science that turns metals into gold. As our planet depletes natural resources at a frantic pace, one brand of alchemy that will become critical to humanity’s survival is technology that turns sea water into drinking water.”
The Economist has an excellent overview of Water Desalination in the current issue. The Sea Water Reverse Osmosis technique that it discusses has been discussed here and on Forbes (Read Hydro-Alchemy) by me before in the context of Energy Recovery, Inc. which is about to go public.
My new Forbes column, Hydro-Alchemy, discusses the world’s upcoming water crisis and an entrepreneurial venture, Energy Recovery Inc., that is tackling the problem with a Sea Water Reverse Osmosis technology for water desalination. You may have read my interview with Hans Peter Michelet last year. ERI has recently filed to go public.
By removing salt from seawater, GE’s newest desalination plant in Algiers will supply enough drinking water to serve 25% of the country’s capital population. GE has joined the Algerian Government, the Overseas Private Investment Corporation (OPIC) and the Algerian Energy Company (AEC), in announcing plans to build Hamma Water Desalination SpA (Hamma) – Africa’s largest