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374Water Provides Waste Destruction as a Service and Deployment Updates for AirSCWO Technology
Globenewswire· 2025-09-29 12:31
Core Insights - 374Water Inc. is advancing its Waste Destruction Services (WDS) to provide scalable solutions for eliminating hazardous and non-hazardous wastes, particularly targeting PFAS and other environmental contaminants [1][2][3] - The company is actively bidding on tens of millions of dollars in WDS contracts across various market segments, indicating strong demand for its services [1][6] WDS Business Model Highlights - WDS leverages AirSCWO technology to offer a flexible and scalable waste destruction solution, addressing persistent environmental contaminants without leaving harmful byproducts [2][3] - The business model aims to generate revenue beyond traditional equipment sales, facilitating broader market absorption of AirSCWO technology [3] - Increasing demand for destruction solutions for PFAS contaminated waste streams is driving the company's growth strategy [3] WDS Operations and Expansion Plans - Over the next 12 to 18 months, the company plans to establish multiple WDS operations at Treatment, Storage, and Disposal Facilities (TSDF) across the U.S. [4] - Initial deployment will utilize AS6 systems, with plans to expand to AS30 systems and mobile operations [4] WDS Financial Model Highlights - The company anticipates compelling unit economics for both clients and itself, with flexible access options and a pay-as-you-go service model [5] - AirSCWO units are designed to process between 1-30 wet tons per day, allowing for rapid deployment to meet growing demand [5] Orange County Sanitation Update - The delivery of the AS6 system to Orange County Sanitation District has been postponed due to supply chain delays and permitting issues, with hopes to complete the deployment by late Q4 2025 or early Q1 2026 [7][8] - The partnership with OC San is seen as a significant opportunity to showcase the AirSCWO technology [8] Company Overview - 374Water Inc. is positioned as a leader in innovative waste treatment solutions, focusing on the destruction of a wide range of organic wastes while producing safe dischargeable water streams and recoverable heat energy [9] - The company aims to address wastewater treatment and waste management challenges within municipal, federal, and industrial markets [9]
374Water Delivers AS6 System to Detroit, Michigan for DoD ESTCP/DIU Project
Globenewswire· 2025-07-22 12:31
Core Insights - 374Water Inc. has commenced installation and commissioning activities for its AirSCWO 6 System, aimed at treating six PFAS-impacted waste streams starting in August 2025 [1][3] - The project is part of a Department of Defense initiative to evaluate commercial-scale technology solutions for destroying PFAS contaminated wastes, in collaboration with the Defense Innovation Unit [2][4] - The AirSCWO technology is expected to demonstrate effectiveness, scalability, and versatility in treating waste streams sourced from DoD facilities and produced waste streams [3][4] Company Overview - 374Water Inc. is a global leader in organic waste destruction technology, providing solutions for municipal, federal, and industrial markets [1][7] - The company's AirSCWO technology efficiently destroys and mineralizes a wide range of organic wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy [7] - 374Water aims to assist customers in meeting discharge requirements, reducing disposal costs, and minimizing litigation risks, contributing to environmental sustainability [7] Project Details - The project involves a three-week installation and commissioning phase, followed by initial waste destruction campaigns [3] - Six PFAS-impacted waste streams will be treated, with analytics provided by Arcadis, the project's prime engineering contractor [3][5] - The project aligns with stringent environmental regulations, including the U.S. National Defense Authorization Act, which mandates the transition to fluorine-free firefighting foams by October 2024 [4]