A SPDT (Single Pole Double Throw) relay... when energized, pole A is closed, pole B is open. When not, pole A is open, pole B is closed. So... from your controlled outlet (or better yet, a DC relay output... some controllers have one or more available) to the relay energize circuit. From a standard (always on) outlet to the relay circuit, from pole A to the 'open' circuit on your valve, from pole B to your 'close' circuit. That way, your 'always on' outlet is powering either the 'open' or 'close' circuit of your valve, depending on the switched outlet or DC relay output on the controller. Once fully open, or fully closed, the valve itself should break the circuit, based on an internal limit switch.
The only thing you'd really be saving is one controlled outlet. In my system, as I'm sure in many, controlled outlets are at a premium... we've got lots of stuff we want to control, and only a certain number of controlled outlets.