374Water Announces 5-Year Agreement with the City of Orlando Approval to Launch Licensed Waste Destruction Services Hub
Rhea-AI Summary
374Water (NASDAQ:SCWO) received City of Orlando approval for a licensed Waste Destruction Services (WDS) hub at Iron Bridge, under an initial five-year agreement with two optional five-year extensions.
A full-scale AirSCWO demonstration delivered >99.95% PFAS destruction in biosolids and AFFF, enabling a faster commercial launch with onsite systems and expected recurring revenue. Revenue tied to a delayed Orange County Sanitation District system is now forecast for 2026.
Positive
- Orlando license: 5-year initial term with two five-year extension options
- Full-scale AirSCWO demo achieved >99.95% PFAS destruction
- Onsite AirSCWO deployment reduces lead time to commercial launch
- Creates a planned recurring revenue stream via Waste Destruction Services
Negative
- OC San system delivery delayed beyond 2025, shifting related revenue into 2026
- Engineering enhancements extended delivery timeline, impacting prior 2025 guidance
News Market Reaction – SCWO
In the Mar 10 session, SCWO declined 4.00%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.6% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 24 | Leadership overhaul | Positive | +10.0% | New CEO and directors to drive AirSCWO deployments and capital formation. |
| Feb 09 | Board appointment | Positive | -6.9% | Addition of Stephen McKnight to board to support commercialization strategy. |
| Jan 14 | Nasdaq compliance | Positive | -0.4% | Regained Nasdaq minimum bid price compliance after 10 consecutive qualifying days. |
| Jan 05 | Board addition | Positive | +0.8% | Appointment of Bradley Freels, bringing real estate and financing experience. |
| Dec 30 | PFAS services grant | Positive | +19.7% | State-funded PFAS destruction project using mobile AirSCWO 1 system in Minnesota. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news has generally been positive, with three of five prior items leading to aligned positive price reactions, but there are two instances where favorable developments coincided with next-day declines.
Over the last few months, 374Water reported governance and commercial milestones. Leadership and board changes in January–February 2026 aimed to align strategy and capital allocation around deploying the AirSCWO platform, with mixed but mostly positive share reactions. Compliance with Nasdaq bid-price rules was regained by January 9, 2026. A state-funded PFAS destruction project announced on December 30, 2025 drew the strongest positive move. Today’s Orlando licensing news extends this commercialization path for Waste Destruction Services.
Key Terms
supercritical water oxidation technical
pfas medical
biosolids technical
aqueous film-forming foam technical
schedule 13d regulatory
reverse stock split financial
going concern financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Orlando Approves License to Launch AirSCWO Technology Use for Waste Destruction
MORRISVILLE, NC / ACCESS Newswire / March 10, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company developing supercritical water oxidation technology for the destruction of organic waste streams, today announced it has received approval from the City of Orlando for a license to provide Waste Destruction Services ("WDS") at the Iron Bridge Regional Water Reclamation Facility.
The approval follows successful completion of a full-scale AirSCWO™ demonstration project at the Iron Bridge Facility, which achieved greater than
The agreement provides for an initial five-year term, with options for two additional five-year extensions.
Expanding Commercial Waste Destruction Services
With this approval, 374Water is expanding its Orlando-based Waste Destruction Services platform to serve industrial, state, local government, and municipal customers seeking reliable destruction of PFAS-contaminated and other non-hazardous organic waste streams.
Because the Company's AirSCWO system is already deployed onsite, 374Water expects to significantly reduce the lead time between regulatory approval and commercial launch. The Company plans to:
Expand holding tank capacity
Receive significant waste volumes
Scale related assets and logistics infrastructure
Optimize throughput and operating economics
This initiative is designed to create a consistent and recurring revenue stream for 374Water while providing the City of Orlando with a meaningful new revenue opportunity.
"The City's approval marks an important milestone as we transition from demonstrated destruction technology to a scalable services platform designed to meet growing demand for PFAS destruction," said Brad Meyers, Chief Operating Officer of 374Water. "With our AirSCWO system already in place, we believe we are positioned to deliver commercial waste destruction services as we accelerate the next phase of market expansion."
Background of Orlando Partnership
374Water and the City of Orlando began their partnership in March 2024 with the deployment of a commercial-scale AirSCWO system at Iron Bridge.
In May 2025, the parties launched a 90-day biosolids destruction program that validated the system's ability to eliminate PFAS-contaminated and other organic waste streams. The newly approved license and multi-year permit are a direct result of the successful completion and impressive destruction results from that campaign.
Update on Orange County Sanitation District Project
374Water continues to advance its next-generation AirSCWO system for the Orange County Sanitation District ("OC San") deployment in California.
During 2025, the Company focused on incorporating engineering and design enhancements to increase throughput, reliability, and long-term performance for biosolids and sludge destruction. These planned improvements extended the delivery timeline beyond 2025.
As a result, the Company did not deliver the system in 2025 as previously anticipated. Revenue associated with that system, which had been included in prior 2025 guidance, is now expected to be recognized in 2026.
As previously announced in February 2026, the Company strengthened its executive leadership and Board of Directors to accelerate commercialization, enhance capital discipline, and drive operational execution. The enhanced leadership team is focused on meeting defined deployment milestones in 2026, including delivery of the OC San system and expansion of Waste Destruction Services
The Company continues to work closely with OC San to finalize site infrastructure improvements and complete system optimization.
"The advancements we have achieved with our AirSCWO platform over the past year reflect the tremendous commitment of our engineering and operations teams," said Brad Meyers. "We are pleased with the measurable performance improvements demonstrated in recent data and remain confident in delivering a system that meets the full requirements of our agreement with OC San."
OC San continues to be incredibly supportive and is a great development partner for the Company as we continue to build the best-in-class destruction systems.
Strategic Positioning
In 2025, 374Water formally launched its Waste Destruction Services ("WDS") business to address accelerating demand for PFAS destruction and to establish a recurring revenue model.
The Orlando license represents the first scalable municipal services platform under this strategy.
About 374Water
374Water Inc. (NASDAQ:SCWO) is a global industrial technology and services company providing innovative solutions addressing wastewater treatment and waste management issues within the industrial, municipal, and federal markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.
Forward-Looking Statements
Certain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. These statements include those related to 374Water's expectation that having the AirSCWO unit onsite will significantly reduce the lead time between regulatory approval and commercial launch, 374Water's plan to expand holding tank capacity, receive significant waste volumes, scale related assets and logistics and optimize throughput and operating economics, 374Water's initiative design to create a consistent and recurring revenue stream for itself, 374Water's belief it is positioned to deliver commercial waste destruction services as it accelerates the next phase of market expansion and 374Water's confidence in delivering an AirSCWO system that meets the full requirements of our agreement with OC San. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-Q for the quarter ended September 30, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Investor Relations Contact
Belton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.com
SOURCE: 374Water Inc.
View the original press release on ACCESS Newswire