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,
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.
My new Forbes column “Water Firm Enlivens IPO Market” is yet another story on ERI, the water desalination technology company. The stock is up almost 50% in a week of trading.