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On July 20, 2021, 374Water (PWVI) announced a partnership with Stantec to evaluate and support the design of its AirSCWO Nix6 systems. Stantec will serve as the owner's representative, participating in design meetings and operations review support. The AirSCWO technology aims to efficiently process organic waste and eliminate contaminants like PFAS and microplastics. Following its recent equity funding, 374Water plans to deploy its first units in the first half of 2022.
374Water (PWVI), a cleantech company in Durham, NC, has finalized a manufacturing and service agreement with Merrell Bros, a biosolids company. This agreement follows a memorandum of understanding from April 2021. Under this partnership, Merrell Bros will manufacture and service 374Water's AirSCWO NIX systems across the U.S. and Canada. The compact and modular AirSCWO systems aim to transform waste management by converting toxic sludge into water, enhancing sustainability efforts. The first commercial units will be fabricated in Kokomo, IN.
374Water Inc (PWVI) appoints Doug Hatler as Chief Revenue Officer to boost the commercialization of its innovative AirSCWO Nix systems designed for waste treatment. With over 20 years in the environmental and water industries, Hatler aims to accelerate deployment ahead of the first commercial systems scheduled for early 2022. The AirSCWO technology promises a revolutionary method to convert waste into valuable resources while eliminating hazardous chemicals. CEO Kobe Nagar expressed optimism about Hatler's role during this critical phase.
374Water Inc. (PWVI) has partnered with Merrell Bros (MBH) to manufacture and service AirSCWO Nix systems in North America. This collaboration aims to deploy commercial units for municipal and industrial customers, focusing on advanced waste treatment through AirSCWO technology. The system effectively treats organic wastes and eliminates harmful contaminants like PFAS. MBH will produce systems at their Kokomo, IN facility, emphasizing cost-effective deployment. This partnership positions 374Water to enhance resource recovery in waste management.
On April 20, 2021, PowerVerde (PWVI) announced its merger with 374Water, enhancing its capabilities to tackle PFAS contamination in waste and wastewater management. The merger grants 374Water shareholders approximately 49.1% ownership, while PWVI shareholders will hold 34.4%. The combined entity will be rebranded as 374Water Inc. and trade under the symbol SCWO. This merger aims to leverage 374Water's innovative Supercritical Water Oxidation technology to improve resource recovery and environmental impact, particularly in industrial and municipal systems.
