374Water begins processing AFFF waste in North Carolina, utilizing AirSCWO technology under a state contract for PFAS disposal.
Quiver AI Summary
374Water Inc. has begun the first phase of its Waste Destruction Services deployment to treat up to 29,000 gallons of Aqueous Film-Forming Foam (AFFF) using its AirSCWO technology, as part of a contract awarded by the State of North Carolina. The initiative, which includes the destruction of AFFF secured through the state's take-back program, is a key part of North Carolina's efforts to manage and eliminate harmful per- and polyfluoroalkyl substances (PFAS). The initial phase will focus on processing 1,000 gallons of AFFF, with potential to handle an additional 28,000 gallons in a second phase. 374Water's Interim CEO, Stephen Jones, emphasized the importance of this project in addressing regulatory pressures on PFAS disposal and establishing new waste management standards. The company aims to leverage its innovative technology to contribute to environmental sustainability and responsible waste management practices.
Potential Positives
- 374Water is processing its first phase of a significant contract with the State of North Carolina for Waste Destruction Services, enhancing its reputation as a leader in organic waste destruction technology.
- The project targets the destruction of AFFF, a hazardous substance, aligning with North Carolina's initiatives to manage PFAS contamination and demonstrating compliance with new environmental regulations.
- This deployment not only validates 374Water's Waste Destruction Services model but also positions the company for potential expansion into additional phases, increasing its capacity to treat up to 29,000 gallons of AFFF.
- The partnership with North Carolina and the University of North Carolina highlights growing market demand for responsible waste management solutions, potentially attracting future business opportunities in this sector.
Potential Negatives
- Public scrutiny of the company’s AFFF destruction efforts could arise due to the controversial nature of PFAS and the regulatory pressures surrounding it.
- The emphasis on the state of North Carolina's PFAS problem may highlight the company's exposure to similar environmental issues in other regions, which could impact its reputation.
- The reliance on forward-looking statements indicates potential uncertainties about the company's future performance and ability to scale operations successfully.
FAQ
What is the purpose of 374Water's Waste Destruction Services?
374Water's Waste Destruction Services aim to treat and destroy harmful Aqueous Film-Forming Foam (AFFF) using innovative AirSCWO technology.
How much AFFF will 374Water treat in the first phase?
In the first phase, 374Water will treat 1,000 gallons of AFFF as part of North Carolina's waste management initiative.
What technology does 374Water utilize for waste destruction?
374Water utilizes AirSCWO technology designed to efficiently destroy a wide range of hazardous and non-hazardous organic wastes.
Which organization is partnering with 374Water for this initiative?
The University of North Carolina (UNC) at Chapel Hill is partnering with 374Water for the Waste Destruction Services deployment.
Why is PFAS disposal important for North Carolina?
PFAS disposal is critical due to its environmental impact, and North Carolina aims to address the contamination through this disposal initiative.
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 31 times in the past 6 months. Of those trades, 10 have been purchases and 21 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 21 sales selling 4,174,657 shares for an estimated $1,930,783.
- 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 30 institutional investors add shares of $SCWO stock to their portfolio, and 43 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
Initial Waste Destruction Services Deployment in Process
Up to 29,000 Gallons Total of AFFF to be Treated by AirSCWO Technology
MORRISVILLE, N.C., Nov. 04, 2025 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) (“374Water” or the “Company”), a global leader in organic waste destruction technology for industrial, municipal, and federal markets, today announced it is processing the first phase of its award by the State of North Carolina for its Waste Destruction Services (“WDS”) to destroy Aqueous Film-Forming Foam (“AFFF”) utilizing AirSCWO technology. Representatives from North Carolina were on-site to observe the destruction process.
Under the previously announced contract award, 374Water will provide WDS to the University of North Carolina (“UNC”) at Chapel Hill Collaboratory. North Carolina’s 60,000-gallon AFFF destruction initiative stands as one of the most ambitious state-led per- and polyfluoroalkyl substances (“PFAS”) disposal efforts to date. 374Water will destroy AFFF, secured by the State of North Carolina as part of their State take-back program, per North Carolina’s Responsible Firefighting Foam Management Act (H370) of the 2023-2024 Session.
374Water’s first phase will treat 1,000 gallons of AFFF. If selected for the second phase, 374Water could treat up to an additional 28,000 gallons of AFFF.
“We are excited to work with UNC on our first-ever Waste Destruction Services deployment, validating our WDS model and ability to bring it to market,” said Stephen Jones, Interim CEO of 374Water. “This award highlights the growing regulatory pressure to eliminate PFAS and waste, and WDS offers a flexible, scalable destruction solution that addresses some of the world's most pressing environmental contaminants. Our partnership with North Carolina is a critical step towards solving the PFAS problem that exists in the state and across the United States. PFAS is a headline issue for North Carolina, and this award leverages our leadership with cutting-edge AirSCWO technology and Waste Destruction Services to take meaningful action against PFAS contamination and set a new standard for responsible waste management nationwide. As more organizations seek responsible waste management strategies, we believe 374Water is positioned to become a trusted partner for complete waste destruction.”
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 374Water’s ability to destroy AFFF, whether 374Water will be awarded additional AFFF to treat, the regulatory environment, 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.
Investor Relations and Media Contact
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
[email protected]
www.mzgroup.us
