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374Water Readies Mobile AirSCWO(TM) System for Deployment to St. Cloud, Minnesota

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374Water (NASDAQ:SCWO) has completed final preparations for a mobile AirSCWO system and expects delivery to St. Cloud, Minnesota in April 2026 for pilot operations through mid-September 2026. The unit is built for rapid on-site PFAS destruction across liquid and slurry wastes.

Key points: the mobile system leverages proven AirSCWO technology that has demonstrated >99.95% PFAS destruction, processes biosolids and spent GAC, and expands the company’s Waste Destruction Services platform alongside fixed-site licenses.

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Positive

  • >99.95% PFAS destruction demonstrated by AirSCWO in prior deployments
  • Pilot deployment to St. Cloud scheduled April–mid-September 2026
  • On-site mobile capability reduces need for hazardous waste transport and related liability
  • Expands WDS platform complementing fixed-site licenses, including a five-year Orlando license

Negative

  • None.

Key Figures

PFAS destruction rate: >99.95% St. Cloud pilot start: April 2026 Pilot duration: Through mid-September 2026 +5 more
8 metrics
PFAS destruction rate >99.95% AirSCWO platform performance in prior deployments
St. Cloud pilot start April 2026 Planned delivery of mobile AirSCWO to NEW RF facility
Pilot duration Through mid-September 2026 Scheduled operations window at St. Cloud NEW RF
Orlando WDS term Five-year agreement Licensed Waste Destruction Services hub with City of Orlando
Shelf registration $100,000,000 Total primary securities under S-3/A shelf
ATM capacity $50,000,000 At-the-market common stock issuances via Lake Street
Prior ATM agreement $15,100,000 Replaced sales agreement size in S-3/A shelf
Remaining prior ATM capacity $5,789,438 Unused capacity under prior ATM at time of replacement

Market Reality Check

Price: $2.73 Vol: Volume 34,784 is below th...
low vol
$2.73 Last Close
Volume Volume 34,784 is below the 20-day average of 50,632 (relative volume 0.69) ahead of this deployment update. low
Technical Shares at $2.73 are trading below the 200-day MA of $3.06 and far under the $10.90 52-week high, despite continued commercialization updates for the AirSCWO WDS platform.

Peers on Argus

SCWO was down 4.21% pre-news while peers were mixed: ZONE +2.94%, RAIN +4.32%, L...
1 Up 1 Down

SCWO was down 4.21% pre-news while peers were mixed: ZONE +2.94%, RAIN +4.32%, LIQT +6.16%, and CLIR -6.75%. Momentum scanner only flagged RAIN and another name, reinforcing that today’s setup looks stock-specific rather than a broad sector move.

Historical Context

5 past events · Latest: Mar 12 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Mar 12 Commercial order Positive -3.1% Purchase order and $2.3M invoice for AirSCWO deployment at Olathe facility.
Mar 10 WDS hub agreement Positive -4.0% Five-year licensed WDS hub approval in Orlando with potential recurring revenue.
Feb 24 Leadership overhaul Positive +10.0% Appointment of new CEO and three directors to focus on execution and financing.
Feb 09 Board appointment Positive -6.9% Addition of Stephen McKnight to board to support commercialization and WDS growth.
Jan 14 Nasdaq compliance Positive -0.4% Regained Nasdaq minimum bid compliance after 10 consecutive days above $1.00.
Pattern Detected

Commercial and operational positives often saw weak or negative next-day price reactions, while a major leadership overhaul drew the only clearly positive move.

Recent Company History

Over recent months, 374Water has focused on leadership realignment and commercialization of its AirSCWO platform. On Feb 24, 2026, a new CEO and three directors were appointed to drive execution, which coincided with a +9.96% move. Since then, structurally positive events—regaining Nasdaq compliance on Jan 14, winning a five-year Orlando WDS hub on Mar 10, and a $2.3M purchase order on Mar 12—all saw modest negative price reactions. Today’s mobile deployment update extends that same WDS commercialization track, particularly in PFAS-focused municipal projects.

Regulatory & Risk Context

Active S-3 Shelf · $100,000,000
Shelf Active
Active S-3 Shelf Registration 2025-12-12
$100,000,000 registered capacity

An effective S-3/A shelf dated Dec 12, 2025 registers up to $100,000,000 in mixed securities, including a sales agreement for up to $50,000,000 of common stock. Proceeds may be used for working capital, general corporate purposes, and capital expenditures, giving management flexibility to fund deployments such as mobile and fixed WDS projects.

Market Pulse Summary

This announcement advances 374Water’s strategy of scaling its AirSCWO technology through Waste Destr...
Analysis

This announcement advances 374Water’s strategy of scaling its AirSCWO technology through Waste Destruction Services by adding a highly mobile system for PFAS-contaminated biosolids and related waste streams. The St. Cloud pilot, running from April through mid-September 2026, follows recent Orlando and Olathe wins, illustrating growing municipal engagement. Investors may monitor execution on this pilot, uptake of additional WDS projects, and any financing moves under the $100,000,000 shelf registration as key indicators of commercial traction and balance-sheet strategy.

Key Terms

supercritical water oxidation, pfas, biosolids, granular activated carbon
4 terms
supercritical water oxidation technical
"developing supercritical water oxidation technology for the destruction of organic waste"
Supercritical water oxidation is a process that uses extremely hot and pressurized water to break down waste materials into harmless substances, such as carbon dioxide and water. It is considered an efficient and environmentally friendly method for treating hazardous waste streams. For investors, advancements or increased adoption of this technology can signal growth opportunities in waste management and environmental services sectors.
pfas technical
"where it will destroy PFAS-contaminated waste streams"
PFAS are a group of human-made chemicals used in many everyday products, such as non-stick cookware, water-repellent clothing, and food packaging, because they resist heat, water, and grease. They are often called "forever chemicals" because they do not break down easily in the environment or the human body, potentially leading to health concerns. For investors, the presence of PFAS-related risks can impact companies’ reputations, legal liabilities, and future costs.
biosolids technical
"process both liquid and slurry wastes, including PFAS-contaminated biosolids, AFFF"
Biosolids are the nutrient‑rich organic solids left after sewage is treated to remove pathogens and pollutants; they are often processed and applied to soil as a fertilizer or soil conditioner. For investors, biosolids matter because they create markets and regulatory obligations for wastewater utilities, waste‑management companies and agricultural suppliers, and carry both revenue potential (recycling and energy recovery) and risks from environmental rules, contamination concerns and public opposition.
granular activated carbon technical
"as well as spent granular activated carbon ("GAC"), providing a comprehensive"
Granular activated carbon is a highly porous, sand-like form of carbon that acts like a microscopic sponge to trap impurities, chemicals, and odors from water and air. Investors pay attention because its demand and price reflect spending on clean-water and air-treatment projects, regulatory cleanup requirements, and certain industrial or energy applications; changes in supply, technology or rules can affect revenues and capital needs for companies that make or use it.

AI-generated analysis. Not financial advice.

Highly Mobile, Rapid Deployment System Expands 374Water's Waste Destruction Services Platform

MORRISVILLE, NC / ACCESS Newswire / March 19, 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 that the new mobile AirSCWO system is advancing toward deployment to St. Cloud, MN, with final preparations underway. The mobile system represents a significant expansion of the Company's Waste Destruction Services ("WDS") platform, enabling rapid on-site deployment across a broad range of customer environments and waste streams.

The mobile AirSCWO ("AS") system is designed for maximum operational flexibility, capable of processing both liquid and slurry waste streams and deployable directly to customer sites, remediation projects, and government facilities.

Mobile AS system final design rendering

Upon deployment the Company expects the system will be mobilized to St. Cloud, Minnesota, where it will destroy PFAS-contaminated waste streams. "The completion of our mobile AirSCWO system marks an important evolution in how we bring our technology to market," said Brad Meyers, Chief Operating Officer of 374Water. "Rather than requiring customers to come to us, this system goes to them -with the full destructive power of AirSCWO."

Mobile AirSCWO System Capabilities

The new mobile AirSCWO system has been purpose-built to extend the reach of 374Water's proven destruction technology into environments where fixed infrastructure is not available or practical. Key capabilities include:

  • Highly mobile design - engineered for rapid transport and on-site setup with minimal lead time

  • Rapid deployment - capable of commencing waste destruction operations quickly upon arrival at a customer site

  • Broad waste stream compatibility - designed to process both liquid and slurry wastes, including PFAS-contaminated biosolids, AFFF, and other organic waste streams

  • On-site remediation - eliminates the need to transport hazardous waste off-site, reducing cost, liability, and logistical complexity

  • Proven AirSCWO technology - leveraging the same supercritical water oxidation platform that has demonstrated >99.95% PFAS destruction in prior deployments

Mobile AS system undergoing commissioning in 374Water's manufacturing and operations facility in Orlando, FL

First Deployment: St. Cloud, Minnesota
As previously announced in December 2025, 374Water was awarded a Waste Destruction Services project to eliminate PFAS in biosolids and water treatment residuals for the City of St. Cloud in partnership with Barr Engineering.

The Company expects the mobile AirSCWO system will be delivered to the City of St. Cloud's Nutrient, Energy, and Water Recovery Facility ("NEW RF") in April 2026, with pilot operations scheduled to run through mid-September 2026. The system will process undigested and post-thermal hydrolysis digested biosolids as well as spent granular activated carbon ("GAC"), providing a comprehensive evaluation of PFAS destruction efficiency across multiple waste types.

Expanding the WDS Platform
The mobile AirSCWO system is a strategic addition to 374Water's growing Waste Destruction Services platform, which the Company formally launched in 2025 to address accelerating demand for scalable, permanent PFAS destruction. The mobile offering complements 374Water's fixed-site WDS sites- including its recently announced five-year Waste Destruction Services license with the City of Orlando - by providing a deployment model suited to remediation projects, pilot programs, where transportation poses additional risks, and markets where a permanent fixed installation is not preferred.

The Company believes mobile deployment capability opens a significant addressable market, particularly in PFAS remediation, AFFF takeback programs, and industrial site cleanups where on-site destruction is preferable to waste transport.

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 374Water's expectation the mobile AirSCWO system will destroy PFAS-contaminated waste streams upon deployment to St. Cloud, 374Water's expectation the mobile AirSCWO system will be delivered to the City of St. Cloud's Nutrient, Energy, and Water Recovery Facility in April 2026 with pilot operations scheduled to run through mid-September 2026, 374Water's belief the mobile AirSCWO system will process undigested and post-thermal hydrolysis digested biosolids as well as spent granular activated carbon ("GAC") and provide a comprehensive evaluation of PFAS destruction efficiency across multiple waste types and 374Water's belief mobile deployment capability opens a significant addressable market, particularly in PFAS remediation, AFFF takeback programs, and industrial site cleanups where on-site destruction is preferable to waste transport. 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 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

FAQ

When will 374Water (SCWO) deploy the mobile AirSCWO system to St. Cloud, Minnesota?

The company expects delivery in April 2026 and pilot operations through mid-September 2026. According to 374Water, the system will be installed at the City of St. Cloud NEW RF and will process multiple waste types during the pilot.

What waste streams will the mobile AirSCWO system process in the SCWO St. Cloud pilot?

The system will process undigested and post-thermal hydrolysis digested biosolids and spent granular activated carbon. According to 374Water, pilots will evaluate PFAS destruction efficiency across those specific waste types.

How effective is AirSCWO technology at destroying PFAS according to 374Water (SCWO)?

AirSCWO has demonstrated greater than 99.95% PFAS destruction in prior deployments. According to 374Water, the mobile unit leverages the same supercritical water oxidation platform for comparable destructive performance.

What advantages does the mobile AirSCWO deployment offer investors in SCWO?

Mobile deployment enables rapid on-site remediation, avoiding hazardous waste transport and lowering logistical costs and liability. According to 374Water, this expands addressable markets like remediation, AFFF takebacks, and industrial site cleanups.

How does the mobile AirSCWO fit into 374Water’s Waste Destruction Services (WDS) platform?

The mobile unit complements fixed-site WDS offerings and licenses by serving remediation projects and pilots where permanent installations are impractical. According to 374Water, it extends the company’s service reach and deployment flexibility.
374Water Inc

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