<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Amundi -->
          <cik>0001330387</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001421517</issuerCik>
        <issuerName>Energy Recovery, Inc.</issuerName>
        <issuerCusip>29270J100</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1717 DOOLITTLE DRIVE</com:street1>
          <com:city>SAN LEANDRO</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>94577</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>AMUNDI</reportingPersonName>
      <citizenshipOrOrganization>I0</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1868087.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>2852138.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2852138.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.38</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <comments>Amundi does not have the voting rights on 984,051 shares which are held through a FCPE (Fonds Commun de Placement d Entreprise, an investment vehicle established under French law), solely dedicated to Energy Recovery groups employees shareholding. Employees of Energy Recovery are granted the right to participate in stock purchase plans in which the shares acquired are exclusively held in this FCPE, created at the request of Energy Recovery. The voting rights associated to these shares are exercised by the supervisory Board of the FCPE, where representatives of the employees have the majority (if any the remaining seats of the supervisory board are designated by Energy Recovery), and not by Amundi.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>AMUNDI ASSET MANAGEMENT</reportingPersonName>
      <citizenshipOrOrganization>I0</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1868087.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>2852138.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2852138.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.38</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <comments>Amundi does not have the voting rights on 984,051 shares which are held through a FCPE (Fonds Commun de Placement d Entreprise, an investment vehicle established under French law), solely dedicated to Energy Recovery groups employees shareholding. Employees of Energy Recovery are granted the right to participate in stock purchase plans in which the shares acquired are exclusively held in this FCPE, created at the request of Energy Recovery. The voting rights associated to these shares are exercised by the supervisory Board of the FCPE, where representatives of the employees have the majority (if any the remaining seats of the supervisory board are designated by Energy Recovery), and not by Amundi.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Energy Recovery, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1717 Doolittle Dr., San Leandro, CA 94577</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Amundi
Amundi Asset Management</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Amundi: 91-93 boulevard Pasteur, 75015 Paris, France
Amundi Asset Management: 91-93 boulevard Pasteur, 75015 Paris, France</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Both Amundi and Amundi Asset Management are organized under the laws of the Republic of France.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>HC</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>2,852,138</amountBeneficiallyOwned>
        <classPercent>5.38%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>1,868,087</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>2,852,138</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>N</notApplicableFlag>
        <subsidiaryIdentificationAndClassification>Amundi Asset Management
KBI Global Investors (North America) Ltd
KBI Global Investors Ltd</subsidiaryIdentificationAndClassification>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>AMUNDI</reportingPersonName>
      <signatureDetails>
        <signature>John M. Malone</signature>
        <title>John M. Malone | Chief Compliance Officer | Power of Attorney</title>
        <date>02/17/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>AMUNDI ASSET MANAGEMENT</reportingPersonName>
      <signatureDetails>
        <signature>John M. Malone</signature>
        <title>John M. Malone | Chief Compliance Officer | Power of Attorney</title>
        <date>02/17/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
