374Water Commences Contract with State of North Carolina for Aqueous Film-Forming Foam Destruction
Rhea-AI Summary
374Water (NASDAQ: SCWO) began its Waste Destruction Services deployment under a State of North Carolina contract to destroy Aqueous Film-Forming Foam (AFFF) using its AirSCWO technology on Nov 4, 2025. Phase 1 will treat 1,000 gallons at the University of North Carolina at Chapel Hill Collaboratory, with a potential additional 28,000 gallons if selected for phase 2, contributing to North Carolina’s broader 60,000-gallon state take-back initiative under the Responsible Firefighting Foam Management Act (H370).
State representatives observed on-site. The company described this as a validation of its WDS model and a step toward broader PFAS destruction services nationwide.
Positive
- State contract for PFAS destruction under North Carolina program
- Initial deployment will treat 1,000 gallons of AFFF
- Opportunity to treat up to 28,000 additional gallons in phase 2
- Participation in a 60,000-gallon statewide AFFF take-back initiative
Negative
- Phase 1 volume is limited to 1,000 gallons, a small initial throughput
- Phase 2 treatment of 28,000 gallons is contingent on selection, not guaranteed
News Market Reaction
On the day this news was published, SCWO declined 4.40%, reflecting a moderate negative market reaction. Argus tracked a peak move of +15.0% during that session. Argus tracked a trough of -2.6% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $3M from the company's valuation, bringing the market cap to $66M at that time.
Data tracked by StockTitan Argus on the day of publication.
Initial Waste Destruction Services Deployment in Process
Up to 29,000 Gallons Total of AFFF to be Treated by AirSCWO Technology
MORRISVILLE, N.C., Nov. 04, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water” or the “Company”), a global leader in organic waste destruction technology for industrial, municipal, and federal markets, today announced it is processing the first phase of its award by the State of North Carolina for its Waste Destruction Services (“WDS”) to destroy Aqueous Film-Forming Foam (“AFFF”) utilizing AirSCWO technology. Representatives from North Carolina were on-site to observe the destruction process.
Under the previously announced contract award, 374Water will provide WDS to the University of North Carolina (“UNC”) at Chapel Hill Collaboratory. North Carolina’s 60,000-gallon AFFF destruction initiative stands as one of the most ambitious state-led per- and polyfluoroalkyl substances (“PFAS”) disposal efforts to date. 374Water will destroy AFFF, secured by the State of North Carolina as part of their State take-back program, per North Carolina’s Responsible Firefighting Foam Management Act (H370) of the 2023-2024 Session.
374Water’s first phase will treat 1,000 gallons of AFFF. If selected for the second phase, 374Water could treat up to an additional 28,000 gallons of AFFF.
“We are excited to work with UNC on our first-ever Waste Destruction Services deployment, validating our WDS model and ability to bring it to market,” said Stephen Jones, Interim CEO of 374Water. “This award highlights the growing regulatory pressure to eliminate PFAS and waste, and WDS offers a flexible, scalable destruction solution that addresses some of the world's most pressing environmental contaminants. Our partnership with North Carolina is a critical step towards solving the PFAS problem that exists in the state and across the United States. PFAS is a headline issue for North Carolina, and this award leverages our leadership with cutting-edge AirSCWO technology and Waste Destruction Services to take meaningful action against PFAS contamination and set a new standard for responsible waste management nationwide. As more organizations seek responsible waste management strategies, we believe 374Water is positioned to become a trusted partner for complete waste destruction.”
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 non-hazardous 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.
Cautionary Language on 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. These statements relate to future events or our future financial performance, including statements relating to 374Water’s ability to destroy AFFF, whether 374Water will be awarded additional AFFF to treat, the regulatory environment, and 374Water’s future prospects and involve known and unknown risks, uncertainties, and other factors that may cause 374Water’s actual results, levels of activity, performance, or 374Water’s achievements or those of its industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements may be identified by the use of words like "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "project," "consider," "predict," "potential," "feel," or other comparable terminology. 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 and other important factors, including those discussed under "Risk Factors" in 374Water’s Form 10-Q for the quarter ended June 30, 2025, as well as 374Water’s subsequent filings with the SEC, may cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by applicable securities 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 and Media Contact
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
SCWO@mzgroup.us
www.mzgroup.us
FAQ
What did 374Water announce on Nov 4, 2025 about AFFF destruction (SCWO)?
How much AFFF will 374Water (SCWO) potentially treat under the North Carolina contract?
What is the scale of North Carolina’s AFFF take-back program linked to the SCWO award?
Where will 374Water (SCWO) perform the initial waste destruction services?
Does the Nov 4, 2025 SCWO announcement guarantee large-scale revenue or follow-on work?
