Energy Recovery Inc (Energy Recovery) designs and manufactures energy-saving technology for critical infrastructure, focusing on creating a more resilient and sustainable future. The company leverages its proprietary pressure exchanger technology to help customers across various industries improve operations and reduce emissions. Energy Recovery serves industries such as seawater and wastewater desalination, natural gas, chemical processing, and CO2-based refrigeration systems.

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Energy Recovery has undertaken several R&D initiatives focused on advancing solutions to better serve historical markets like desalination, applying pressure exchanger technology to additional markets such as wastewater and CO2, and conducting fundamental research into new applications of pressure exchanger technology in existing and new verticals. The company has made substantial investments in R&D and sales and marketing to execute its diversification strategy into new and existing fluid flow markets, including recent commercial refrigeration products. Energy Recovery Inc's engineering team is responsible for managing the company's R&D activities. The team specializes in a range of technical fields critical to support current product lines and advance incubation initiatives. These fields include fluid mechanics, solid mechanics, computational fluid dynamics, finite element analysis, bearings design, multi-phase flow, dynamics and controls, acoustics and vibrations, tribology, material science and coatings, pumps and turbines, turbo-machinery, and rotating equipment. The company in FY2025, company incurred a research and development expenditure of US$13 million which was 9.7% of its total revenue and declined 19.7% YoY.