374Water and Environmental Services Company are Selected for an Energy and Resource Recovery Project by the U.S. DOE and Israel MoE
374Water (OTCQB: SCWO) announced a partnership with Environmental Services Company to undertake a $3.5M cleantech project funded partially by the U.S. Department of Energy and Israel's Ministry of Energy. This initiative, supported by BIRD Energy, will utilize the AirSCWO™ Nix6 system to recover energy and resources from hazardous organic waste through supercritical water oxidation. The project aims to innovate the water-energy nexus while combating environmental pollution, especially from persistent chemicals like PFAS.
- Project funding of $3.5 million, with $900,000 from BIRD Energy.
- Partnership with a reputable Israeli company enhances global reach.
- Focus on sustainable waste management aligns with market trends.
- None.
DURHAM, NC / ACCESSWIRE / December 14, 2021 / 374Water Inc.(OTCQB: SCWO), is pleased to announce that the U.S. Department of Energy (DOE) and Israel's Ministry of Energy (MoE), along with the Israel Innovation Authority, have selected 374Water and Environmental Services Company, Ltd. (ESC) to conduct a cleantech project through the Binational Industrial Research and Development (BIRD) Energy program.
374Water and ESC will adapt and deploy an AirSCWO™ Nix6 system to harness energy and resource recovery from hazardous organic waste using supercritical water oxidation. The
"374Water is excited to partner with ESC on a project supported by the US and Israeli governments, and the BIRD Energy program. Our AirSCWO™ technology coupled with ESC's extensive waste management experience will shift the waste paradigm from energy-intensive treatment and disposal to energy-efficient elimination and resource recovery," commented 374Water, Co-Founder and CEO, Kobe Nagar. "We are excited to expand our global footprint into Israel, a country well known for innovation."
AirSCWO™ is a revolutionary physical-thermal process that uses supercritical water oxidation to convert waste to recoverable energy, water, and minerals, while eliminating organic pollutants, including "forever" chemicals such as PFAS.
BIRD Energy supports research and development that benefits both the United States and Israel by enabling commercialization of sustainable energy technologies that improve economic competitiveness, create jobs, and increase energy security. It has funded 60 cooperative Israel-U.S. clean energy projects for a total government investment of approximately
Cautionary Language
This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning.
About 374Water Inc.
374Water is a US-based cleantech, social impact company whose mission is to preserve a clean and healthy environment that sustains life. We are pioneering a new era of sustainable waste management that supports a circular economy and enables organizations to achieve the United Nations Sustainable Development Goals.
CONTACT:
Mr. Richard Davis ir@374Water.com, (786) 412-7015
SOURCE: 374Water, Inc.
View source version on accesswire.com:
https://www.accesswire.com/677587/374Water-and-Environmental-Services-Company-are-Selected-for-an-Energy-and-Resource-Recovery-Project-by-the-US-DOE-and-Israel-MoE
FAQ
What is the nature of the project announced by 374Water and ESC?
What is the funding amount for the 374Water project with BIRD Energy?
What technology is being used in the 374Water project?
How does the project aim to address environmental issues?
What is the goal of the BIRD Energy program associated with this project?
