374Water Inc. develops AirSCWO™, a supercritical water oxidation technology used to destroy organic waste streams for municipal, federal and industrial customers. Company news centers on PFAS destruction results, biosolids and AFFF treatment demonstrations, Waste Destruction Services activity, and deployments of fixed and mobile AirSCWO systems.
Recurring updates also cover commercial agreements, municipal wastewater projects, government demonstration work, operating results, capital management, organizational changes and board appointments. The company frames its business around converting contaminated liquid and slurry waste streams into dischargeable water, mineral effluent, vent gas and recoverable heat.
EverGen Infrastructure Corp. is solidifying its position as a leader in the renewable natural gas (RNG) market, driven by the U.S. government's $369 billion Inflation Reduction Act aimed at reducing fossil fuel dependence. The act is projected to triple America’s clean energy production by 2030, creating significant opportunities for companies like EverGen, which has been producing RNG in Canada since 2011.
The company estimates a growth in Adjusted EBITDA from approximately $3 million to $13 million through expansions, leveraging contracts with utility partners such as FortisBC. With an abundance of organic waste, EverGen aims to produce over 2 million gigajoules of RNG annually, capitalizing on the green energy transformation.
374Water (NASDAQ:SCWO) has been awarded a contract by the US Navy to demonstrate its AirSCWO™ technology for destroying PFAS, commonly known as 'forever chemicals.' This initiative is part of a broader Defense Department effort to find sustainable solutions for remediation at military bases. The AirSCWO technology has previously shown effectiveness in destroying PFAS and recovering energy, water, and minerals. With anticipated cleanup costs of over $3.2 billion, this project may lead to cost savings and enhanced environmental protection at military sites.
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374Water has partnered with Forever Water Ecuador to implement the AirSCWO™ technology in Ecuador, addressing the urgent need for improved sanitation where 14% of the population lacks basic services. This joint initiative aims to provide sustainable waste management solutions in urban and rural areas, aligning with the United Nations' Sustainable Development Goal 6 on clean water and sanitation. The AirSCWO™ technology converts waste into recoverable resources like water and energy, promoting environmental health and economic growth in the region.
374Water (NASDAQ: SCWO) announced its participation in WEFTEC 2022, taking place from October 8-12 in New Orleans. The company will showcase its AirSCWO™ Technology, designed to effectively eliminate PFAS and other contaminants from wet wastes like sludges and biosolids. Doug Hatler, Chief Revenue Officer, emphasized the technology's emerging importance in addressing global PFAS contamination. The event is a significant platform for water and wastewater professionals to explore innovative solutions and technologies.
374Water Inc. (NASDAQ:SCWO) announced that CEO Kobe Nagar will participate in the Goldman Sachs Water Symposium on September 28, 2022, at 3:00 p.m. ET in New York. The symposium will focus on:
- The state of the US water and wastewater industry,
- Investment opportunities in water infrastructure and quality,
- The future of water and technology,
- Water within the ESG investment framework.
374Water's innovative AirSCWO technology transforms waste into recoverable resources while eliminating harmful pollutants, promoting a sustainable circular economy.
374Water Inc. (NASDAQ: SCWO) reported significant progress in its Q2 2022 business update. Revenue surged to $1.03 million, a remarkable 6,958% increase from $14,600 in Q2 2021. The company advanced the AirSCWO™ 6 system's development and began manufacturing its first commercial unit, expected for completion in Q4 2022. Additionally, 374Water established its first global subsidiary in Israel and entered a Memorandum of Understanding with Midway for wastewater management systems. Despite a net loss of $1.2 million, total cash and investments stood at $10.1 million as of June 30, 2022.
374Water Inc (Nasdaq:SCWO) announced the hiring of Sudhakar Viswanathan as Vice President of Sales to lead U.S. efforts for its innovative AirSCWO™ systems. With over 20 years of experience in water and waste management, Viswanathan's expertise is expected to accelerate growth in the wastewater sludges and biosolids markets. The AirSCWO™ technology offers a sustainable solution for waste treatment, converting waste into recoverable resources while reducing costs. 374Water aims to pioneer sustainable waste management, supporting environmental and governance goals.