374Water successfully demonstrated its AirSCWO™ technology for PFAS waste treatment, with results to be released by Q1 2026.
Quiver AI Summary
374Water Inc. announced the successful completion of a commercial-scale demonstration of its AirSCWO™ 6 System for destroying PFAS-contaminated wastes at Clean Earth's Detroit facility as part of a Department of Defense project. This six-week project, conducted from July to September 2025, involved processing approximately 900 gallons of various concentrated PFAS-impacted waste streams, including Aqueous Film-Forming Foam and spent granular activated carbon. The comprehensive analysis of treatment results, including destruction efficiencies and emission evaluations, is being prepared and will be publicly released by Q1 2026. Stephen Jones, 374Water's Interim President and CEO, emphasized the project’s significance in providing viable PFAS treatment options for the DoD and highlighted the company's focus on advancing waste destruction services to address growing demands for effective waste management solutions across government agencies.
Potential Positives
- Successful completion of a commercial-scale field demonstration for PFAS destruction validates 374Water's AirSCWO™ technology, positioning the company as a leader in innovative waste treatment solutions.
- The early completion of waste stream processing showcases operational efficiency and effectiveness, potentially enhancing the company’s reputation and appeal to future clients.
- The project highlights significant demand for reliable PFAS destruction technologies, suggesting strong future market opportunities for 374Water’s Waste Destruction Services (WDS).
- Collaboration with established partners like the Department of Defense and Clean Earth enhances 374Water's credibility and may open doors for further government contracts and commercial partnerships.
Potential Negatives
- The reliance on forward-looking statements creates uncertainty regarding the company's future performance and potential revenue from Waste Destruction Services (WDS), which may concern investors.
- The press release highlights a significant initiative with the Department of Defense, indicating that failure to meet the project's expectations could adversely affect the company's reputation and future contract opportunities.
- While the demonstration was completed ahead of schedule, there is no assurance that the technology will be scalable or successfully commercialized, which may lead to future operational risks.
FAQ
What is the AirSCWO™ 6 System?
The AirSCWO™ 6 System is a technology used by 374Water to efficiently destroy PFAS and other hazardous wastes.
When will the final report on PFAS destruction be released?
The final report on PFAS destruction is expected to be publicly released by Q1 2026.
What types of wastes were processed during the demonstration?
Six representative PFAS-impacted wastes, including AFFF and spent granular activated carbon, were processed during the demonstration.
Who conducted the PFAS destruction project?
The project was conducted by 374Water in collaboration with the Defense Innovation Unit and the Department of Defense.
What are the expected outcomes of this project?
The project aims to validate technology for PFAS destruction and provide comprehensive operational and economic data for potential centralized deployments.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SCWO Insider Trading Activity
$SCWO insiders have traded $SCWO stock on the open market 26 times in the past 6 months. Of those trades, 10 have been purchases and 16 have been sales.
Here’s a breakdown of recent trading of $SCWO stock by insiders over the last 6 months:
- YAACOV NAGAR has made 0 purchases and 16 sales selling 3,309,931 shares for an estimated $1,560,758.
- JAMES PAWLOSKI purchased 193,300 shares for an estimated $50,818
- STEPHEN J JONES has made 3 purchases buying 129,593 shares for an estimated $46,477 and 0 sales.
- KLINE RUSSELL (Chief Financial Officer) has made 3 purchases buying 50,000 shares for an estimated $12,217 and 0 sales.
- DEANNA RENE ESTES purchased 30,000 shares for an estimated $8,706
- PETER MANDEL (General Counsel) has made 2 purchases buying 5,000 shares for an estimated $1,248 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SCWO Hedge Fund Activity
We have seen 32 institutional investors add shares of $SCWO stock to their portfolio, and 42 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 2,537,527 shares (-63.7%) from their portfolio in Q2 2025, for an estimated $822,920
- MILLENNIUM MANAGEMENT LLC added 1,191,660 shares (+inf%) to their portfolio in Q2 2025, for an estimated $386,455
- GEODE CAPITAL MANAGEMENT, LLC removed 765,560 shares (-47.2%) from their portfolio in Q2 2025, for an estimated $248,271
- STATE STREET CORP removed 734,073 shares (-76.0%) from their portfolio in Q2 2025, for an estimated $238,059
- WEALTHEDGE INVESTMENT ADVISORS, LLC removed 385,610 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $125,053
- CW ADVISORS, LLC added 359,446 shares (+inf%) to their portfolio in Q2 2025, for an estimated $116,568
- NORTHERN TRUST CORP removed 332,519 shares (-72.8%) from their portfolio in Q2 2025, for an estimated $107,835
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Executed PFAS Destruction of Multiple Concentrated Waste Streams at Commercial TSDF using AirSCWO™ 6 System
Final Report to be Released by Q1 2026
DURHAM, N.C., Oct. 21, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water” or the “Company”), a global leader in organic waste destruction technology and services for the industrial, municipal, and federal markets, today announced the successful completion of a commercial-scale field demonstration at Clean Earth’s Detroit, MI facility as part of a previously announced Department of Defense (“DoD”) project.
In February 2025, 374Water announced its participation in a highly anticipated DoD project, led by the Defense Innovation Unit (“DIU”) in collaboration with DoD Environmental Security Technology Certification Program ("ESTCP”), to evaluate commercial-scale technology solutions to destroy per- and polyfluoroalkyl (“PFAS”) contaminated wastes. Generally, the DIU focuses on accelerating the adoption of commercial technology to solve operational challenges at speed and scale, and this project was designed to demonstrate and promote the application of technologies that can fully and cost-effectively destroy PFAS-containing wastes.
For six weeks from July through September 2025, 374Water processed a total of six representative concentrated PFAS-impacted wastes at a Clean Earth Treatment Storage and Disposal Facility (“TSDF”) located in Detroit, MI in a series of one day trials using its AirSCWO™ 6 System. In total, approximately 900 gallons of PFAS-laden feedstocks were treated over 80 hours of runtime. Concentrated wastes processed included Surface Active Foam Fractionation (“SAFF”) foamate, a Cyclodextrin-based media regenerant distillate solution, an ion exchange regenerant still bottoms solution, Aqueous Film-Forming Foam (“AFFF”), spent granular activated carbon (“GAC”), and spent ion exchange resin (“IX”). One batch of mixed liquids, consisting of AFFF, foamate, and Cyclodextrin regenerant distillate was also processed. Following the treatment of these PFAS-impacted concentrated wastes, a comprehensive and robust analysis of both PFAS and non-PFAS parameters generated via sampling of the stack gas emissions and liquid effluent is underway. Assessment of performance objectives, including destruction removal efficiencies (“DREs”), fluorine mass balance, and cost model is currently being prepared by Arcadis, the project’s prime engineering contractor. These results are expected to be publicly released by Q1 2026.
“This deployment again successfully demonstrated the effectiveness, scalability and versatility of our AirSCWO™ technology,” said Stephen Jones, Interim President and Chief Executive Officer of 374Water. “The project served to further validate our technology for a range of most common PFAS-containing wastes, providing comprehensive emissions and liquid sampling and operational and economic data to support a centralized ‘hub’ deployment model for the DoD. In fact, we were able to complete the demonstration of the planned six waste streams ahead of schedule, providing the opportunity to add a mixed waste stream for processing. We would like to thank our partners Arcadis and Clean Earth and everyone at the DoD, ESTCP and DIU who made this demonstration possible.
“This project represented a major step forward in our effort to provide the DoD with commercial PFAS treatment options for a variety of scenarios and waste types. This DoD initiative combines methods for concentrating and destroying PFAS, both on- and off-site, highlighting the growing demand for reliable and modular PFAS destruction technologies across federal, state and municipal government agencies. We are highly focused on bringing our Waste Destruction Services (“WDS”) – a modular solution to eliminate PFAS, hazardous, and non-hazardous wastes – to market,” concluded Jones.
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 whether 374Water will be able to unlock revenue from its WDS operations, whether 374Water will be successful in obtaining federal, municipal and industrial waste destruction contracts, the timing for 374Water to launch WDS operations and 374Water’s ability to establish additional WDS operations, 374Water’s ability to scale its operations, demand for 374Water’s solutions, and 374Water’s ability to destroy PFAS at scale, 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.
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