San Leandro’s Enrgy Recovery Inc. Cashes In

Energy Recovery Inc., a San Leandro firm that builds key devices used in desalinization plants around the world, issued its IPO recently, and the price has already jumped by a third. On Wednesday, the company had already raised $68.7 million, according to the East Bay Business Times. Right when we’re in the middle of what promises to be a long-term drought comes a new public company pushing water desalinization. Call it cristunity!

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