374Water Inc Stock Price, News & Analysis

374Water (NASDAQ:SCWO) announced a partnership with WSP to evaluate the performance of its AirSCWO™ system for destroying PFAS waste at U.S. Air Force bases.

This initiative follows an AFCEC Broad Agency Announcement contract awarded to WSP and aims to demonstrate a scalable and mobile solution for PFAS remediation. The project is expected to offer significant cost savings by reducing the need for storage, transport, and hazardous waste disposal while enhancing safety for service personnel and surrounding communities.

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.

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.