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374Water's Mobile AirSCWO System Completes Phase 3 of the St. Cloud, MN Mobile AirSCWO Deployment; Begins Phase 4

(Moderate)
(Positive)

374Water (NASDAQ:SCWO) reported completion of Phase 3 of its mobile AirSCWO deployment at the St. Cloud, Minnesota NEWRF facility and the start of Phase 4 under a $600,000 Waste Destruction Services contract with the City of St. Cloud and partner Barr Engineering.

From June 1 to July 31, Phases 1–3 successfully processed three distinct biosolids feedstocks—Class B biosolids, Class A biosolids, and pre-digestion sludge—under varied operating conditions, with no operational issues and preliminary PFAS destruction results described as impressive. The campaign supports the State of Minnesota’s evaluation of AirSCWO for permanent PFAS destruction, aided by LCCMR and ENRTF funding, while Phase 4 focuses on Class B biosolids blended with PFAS-laden spent granular activated carbon from Cottage Grove.

According to 374Water, the mobile AirSCWO system could generate an estimated $500,000–$1.5 million in annual revenue per unit, and a successful pilot may support a broader state assessment that the company believes could lead to multiple millions of dollars in recurring revenue opportunities.

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Positive

  • $600,000 Waste Destruction Services contract for St. Cloud deployment
  • Phases 1–3 processed three biosolids feedstocks with no operational issues
  • Minnesota-backed evaluation funded through LCCMR and ENRTF
  • Phase 4 adds blended Class B biosolids and PFAS-laden spent GAC treatment
  • Company estimates $500,000–$1.5 million annual revenue potential per mobile unit

Negative

  • None.

Market Context

SCWO's pre-headline close was $2.35, while prior clinical-trial-tagged updates recorded 0.68% and 1....
Analysis

SCWO's pre-headline close was $2.35, while prior clinical-trial-tagged updates recorded 0.68% and 1.06% reactions. The active shelf and pending performance analysis remain key factors to monitor.

Key Figures

WDS contract: $600,000 Feedstocks processed: 3 distinct feedstocks Phase 1-3 period: June 1 through July 31 +3 more
6 metrics
WDS contract $600,000 City of St. Cloud deployment
Feedstocks processed 3 distinct feedstocks Phases 1-3
Phase 1-3 period June 1 through July 31 Completed campaign phases
PFAS species quantified 96 PFAS species University of St. Thomas instrumentation work
Phase 4 start August 10 Class B biosolids blended with spent GAC
Annual revenue potential $500,000-$1.5 million per unit Mobile AirSCWO system; depending on deployment and contract factors

Previous Clinical trial Reports

2 past events · Latest: Jul 28 (Positive)
Same Type Pattern 2 events
Date Event Sentiment 24h Move Catalyst
Jul 28 Phase 2 deployment Positive +0.7% Phase 2 completed and Phase 3 began under the St. Cloud WDS contract
Jun 30 Phase 1 deployment Positive +1.1% Phase 1 completed with Phase 2 underway and steady early operations

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Both prior clinical-trial-tagged St. Cloud deployment updates were followed by positive price reactions, aligning with the announcement's operational progress.

Key Terms

supercritical water oxidation, pfas, granular activated carbon, epa method 1633
4 terms
supercritical water oxidation technical
"a leading cleantech and environmental services company deploying supercritical water oxidation technology"
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
"for the destruction of PFAS and other organic 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.
granular activated carbon technical
"blended with spent granular activated carbon ("GAC")"
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.
epa method 1633 regulatory
"species currently measured via EPA Method 1633"
EPA Method 1633 is a standardized government laboratory procedure for detecting and measuring per- and polyfluoroalkyl substances (PFAS), a group of persistent industrial chemicals, in environmental samples using advanced analytical instruments. Investors care because the method provides the reliable, legally recognized test results regulators and courts use to determine contamination, cleanup needs, liability, and compliance costs—similar to an agreed-upon ruler used to settle disputes over property boundaries.

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Multi-feedstock campaign advances the State of Minnesota's evaluation of AirSCWO for permanent PFAS destruction

MORRISVILLE, NC / ACCESS Newswire / August 25, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company deploying supercritical water oxidation technology for the destruction of PFAS and other organic waste streams, today announced the completion of Phase 3 of its mobile AirSCWO deployment in St. Cloud, Minnesota - concluding a three-phase sequence that successfully treated three distinct biosolids feedstocks - and provided an update on the campaign as the field team begins Phase 4.

The St. Cloud deployment is being conducted under a $600,000 Waste Destruction Services ("WDS") contract with the City of St. Cloud, in partnership with Barr Engineering Co. ("Barr"), at the City's Nutrient, Energy, and Water Recovery Facility ("NEWRF"). The campaign is part of the State of Minnesota's evaluation of AirSCWO technology for the destruction of PFAS-laden wastes, supported by the Legislative-Citizen Commission on Minnesota Resources ("LCCMR") and the State's Environment and Natural Resources Trust Fund ("ENRTF").

Phases 1-3 Complete: Three Distinct Feedstocks Successfully Processed

From June 1 through July 31, the field team successfully completed the first three phases of the campaign, treating three distinct feedstocks - Class B biosolids, Class A biosolids, and pre-digestion sludge - under a range of operating conditions. Phase 3 concluded with no operational issues, and the Company is currently analyzing the performance data.

Operations to date have produced impressive preliminary destruction results and a solid performance dataset across multiple feedstocks and operating conditions, consistent with what the Company has observed in previous campaigns.

"What makes this deployment unique is the emphasis on robust mass and energy balances around our mobile unit, and optimization of the sampling intervals to account for dynamics of the system. Thanks to our partner University of St. Thomas for helping us raise the bar on instrument accuracy, and for their push to detect and quantify the fate of 96 PFAS species, which is more than twice the number of species currently measured via EPA Method 1633," said Raj Melkote, Chief Technology Officer at 374Water.

Phase 4 Begins: Class B Biosolids Blended with Spent GAC

Phase 4 began August 10 and is focused on treating Class B biosolids blended with spent granular activated carbon ("GAC") from a drinking water purification plant in Cottage Grove, MN. GAC is among the most widely used media for capturing PFAS from water, and spent, PFAS-laden GAC is itself a growing disposal challenge.

AirSCWO's ability to effectively process solids is a significant market differentiator, and doing so with blended waste stream expands our value proposition. This ability underscores the breadth of the technology's commercial applicability.

Commercial Potential and Follow-On Opportunity

A successful pilot is expected to support the State of Minnesota's broader assessment of AirSCWO for permanent PFAS destruction - an outcome the Company believes could generate multiple millions of dollars in revenue, including recurring annual revenue from ongoing operations and services. The mobile AirSCWO system is estimated to have the potential to generate between $500,000 and $1.5 million in annual revenue per unit, depending on deployment cadence, waste stream composition, and contract structure.

Beyond the St. Cloud project, 374Water's solutions team continues to develop follow-on mobile deployments designed to demonstrate the full commercial capabilities of AirSCWO in a mobile configuration. The Company is encouraged by the demand it is seeing across multiple end markets and believes the St. Cloud campaign is building a foundation for a scalable, recurring mobile services business.

"Our team has done a fantastic job at integrating our technology into St. Cloud's facility, completing three phases across three very different biosolids feedstocks with no operational issues," said Brad Meyers, Chief Operating Officer of 374Water. "While we finalize our analysis of the data, the performance we've observed to date has been encouraging and in line with what we expect from AirSCWO. This blended waste stream will be another accomplishment for the team, and I am grateful for project partners' support and participation."

374Water will continue to provide updates on the St. Cloud pilot program, campaign performance results, and the development of follow-on mobile deployments as they become available.

About 374Water

374Water Inc. (NASDAQ:SCWO) is a cleantech and environmental services company deploying supercritical water oxidation technology for the destruction of organic waste streams 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. 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-K for the year ended December 31, 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

What did 374Water (NASDAQ:SCWO) announce about its St. Cloud AirSCWO project on August 25, 2026?

374Water announced completion of Phase 3 and the start of Phase 4 of its mobile AirSCWO deployment in St. Cloud, Minnesota. According to 374Water, phases 1–3 treated three biosolids feedstocks successfully with no operational issues, advancing Minnesota’s evaluation of AirSCWO for permanent PFAS destruction.

What is the value and purpose of 374Water’s Waste Destruction Services contract in St. Cloud for SCWO?

The St. Cloud deployment operates under a $600,000 Waste Destruction Services contract with the City of St. Cloud. According to 374Water, the project tests AirSCWO on PFAS-laden biosolids at the NEWRF facility, supporting Minnesota’s broader assessment of permanent PFAS destruction technologies.

Which feedstocks were processed in Phases 1–3 of 374Water’s St. Cloud AirSCWO campaign (SCWO)?

Phases 1–3 processed Class B biosolids, Class A biosolids, and pre-digestion sludge under varied operating conditions. According to 374Water, operations concluded without issues and generated preliminary PFAS destruction results and performance data consistent with prior campaigns across multiple feedstocks and operating conditions.

What is included in Phase 4 of 374Water’s St. Cloud AirSCWO pilot and why is GAC important for SCWO?

Phase 4 focuses on treating Class B biosolids blended with spent granular activated carbon (GAC) from a Cottage Grove drinking water plant. According to 374Water, GAC is widely used to capture PFAS, and PFAS-laden spent GAC is a growing disposal challenge AirSCWO aims to address.

What revenue potential does 374Water see for its mobile AirSCWO units (NASDAQ:SCWO)?

374Water estimates each mobile AirSCWO unit could generate $500,000 to $1.5 million in annual revenue. According to 374Water, a successful Minnesota pilot may support a broader state assessment that the company believes could result in multiple millions of dollars in recurring revenue.

How does 374Water’s AirSCWO technology support Minnesota’s evaluation of PFAS destruction solutions?

AirSCWO is being evaluated by Minnesota for permanent destruction of PFAS-laden wastes at St. Cloud’s NEWRF facility. According to 374Water, the campaign generates mass and energy balances and PFAS fate data for 96 PFAS species, exceeding current EPA Method 1633 species coverage.