374Water Inc. (NASDAQ:SCWO) shares gained ground Thursday. The company, calling itself an emerging leader in organic waste destruction solutions, announced that its supercritical water oxidation technology, AirSCWO, is fully installed and commissioned. The technology is now operating and processing biosolids and other PFAS contaminated wastes at scale within the City of Orlando's Iron Bridge Regional Water Reclamation Facility. This achievement is a significant milestone on the path toward the commercialization of the AirSCWO system and fulfills a key operational goal for the Company.
The company, based out of Durham, North Carolina, says its AirSCWO system's successful integration into Orlando's facility marks the beginning of commercial biosolids processing, showcasing the capability of 374Water's supercritical water oxidation technology to destroy waste efficiently and sustainably. The AirSCWO system is designed to process Orlando's biosolids continuously with a direct connection to plant supplied waste activate sludge while still retaining the capability of processing other waste streams from different sources as well, offering a solution that reduces waste volumes, eliminates harmful contaminants, and supports the City's sustainability goals.
"The operational success of our technology in Orlando is a critical step toward further proving AirSCWO's capability to destroy municipal, federal and industrial organic waste streams at scale," said Chris Gannon, CEO of 374Water.
SCWO shares improved 0.015 cents, or 1.2%, to $1.30.
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