374Water Expands Orlando Partnership with Amended License Agreement to Build Full-Scale PFAS Waste Destruction and Manufacturing Hub
Rhea-AI Summary
374Water (NASDAQ:SCWO) amended its license with the City of Orlando to fully build out a PFAS waste destruction and manufacturing hub at the Iron Bridge facility.
The expansion adds 88,000 gallons of tank storage, over 35,000 sq ft of space, and upgraded AirSCWO capacity. At initial scale, the WDS hub is expected to generate $3M–$5M in annual revenue, with negotiations underway to more than double destruction capacity and revenue potential.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Amended license enables full-scale WDS hub and manufacturing at Iron Bridge
- Planned initial WDS revenue of $3M–$5M annually at Iron Bridge facility
- Addition of 88,000 gallons of onsite tank storage for PFAS and other wastes
- Facility footprint expanded to over 35,000 square feet across multiple buildings
- Negotiations to more than double installed destruction capacity and revenue potential
- Prior 90-day campaign achieved greater than 99.95% PFAS destruction
Negative
- None.
News Market Reaction – SCWO
On the day this news was published, SCWO declined 0.40%, reflecting a mild negative market reaction. Argus tracked a trough of -11.2% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $189K from the company's valuation, bringing the market cap to $47.06M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 02 | Deployment milestone | Positive | +8.9% | Factory Acceptance Test for OC San system supporting remaining $3M milestones. |
| May 21 | Conference update | Neutral | +0.4% | Conference participation and research presentations on PFAS and biosolids destruction. |
| May 14 | Earnings & WDS update | Neutral | -1.1% | Q1 2026 results with 63% gross margin and progress on WDS and contracts. |
| May 12 | Mobile deployment | Positive | -2.0% | First mobile AirSCWO deployment under a $600,000 PFAS destruction contract. |
| Apr 30 | Demo results | Positive | +2.9% | U.S. government demo showing >99.9% PFAS destruction and non-detect HF emissions. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent PFAS and WDS-related milestones have often seen positive or modestly positive price reactions, with an occasional divergence on operational wins.
Over the past few months, 374Water has steadily built validation and commercial traction around its AirSCWO and Waste Destruction Services model. In April 2026, third-party tests confirmed >99.9% PFAS destruction, followed by the first mobile deployment under a $600,000 contract in St. Cloud. Subsequent updates highlighted conference activity and a successful Factory Acceptance Test tied to about $3M in remaining milestones. Q1 2026 results showed higher gross margins and progress on the Orlando WDS hub. Today’s expanded Orlando license directly advances that recurring-revenue hub strategy.
Regulatory & Risk Context
The company has an effective S-3/A shelf dated 2025-12-12 registering up to $100,000,000 of primary securities, including an at-the-market program for up to $50,000,000 of common stock through Lake Street Capital Markets, LLC. Proceeds may be used for working capital, general corporate purposes, and capital expenditures, giving the company flexibility to fund its WDS and AirSCWO buildout.
Key Terms
pfas medical
supercritical water oxidation technical
aqueous film-forming foam technical
biosolids medical
waste destruction services technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Expanded Iron Bridge Facility to Add 88,000 Gallons of Tank Storage, Upgraded AirSCWO™ Capacity Targeting
MORRISVILLE, NC / ACCESS Newswire / June 9, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a cleantech and environmental services company commercializing supercritical water oxidation technology for the permanent destruction of PFAS and hazardous organic waste streams, today announced significant expanded footprint at the Iron Bridge Regional Water Reclamation Facility in the City of Orlando, Florida.
The amendment to the previously announced license agreement authorizes the full build-out of a customer-facing Waste Destruction Services ("WDS") hub and manufacturing and assembly facility at Iron Bridge, enabling 374Water to receive, store, and destroy a broad range of PFAS-contaminated waste streams at commercial scale. Manufacturing and commissioning activities will also be done on-site in four additional buildings, bringing the total area to over 35,000 square feet.
Expanded Facility Infrastructure
Under the amended License Agreement, 374Water will:
Add 88,000 gallons of onsite tank storage capacity for waste receipt and staging of PFAS and non-PFAS contaminated wastes
Upgrade its AirSCWO system for significantly higher throughput
Develop a customer-centric facility designed to serve industrial, municipal, and federal clients
Establish manufacturing and assembly operations to support system deployment and servicing
Continue negotiating with various partners to more than double the capacity with additional AirSCWO systems
At the planned initial scale, the Iron Bridge WDS facility is expected to generate between
The Company is in negotiations with strategic partners to expand the installed destruction capacity and revenue potential within the next few years, which would more than double installed capacity and position the facility as a major regional hub for permanent organic waste destruction.
A Model for Scalable, Recurring Revenue
The Iron Bridge expansion represents the most advanced deployment of 374Water's WDS business model to date - converting proven destruction technology into a contracted, recurring revenue platform. The City of Orlando and the Iron Bridge facility team have been vital partners, contributing site infrastructure, market networks, and deep operational expertise to support 374Water's commercial growth.
"This License Agreement, including this amendment, with the City of Orlando marks a significant step forward in our mission to scale permanent PFAS destruction," said Brad Meyers, Chief Operating Officer of 374Water. "We are building more than a treatment facility - we are establishing a commercial infrastructure platform with the capacity, the partners, and the regulatory foundation to serve growing demand across markets. The City of Orlando and the Iron Bridge team have been exceptional partners in making this vision a reality."
Background
374Water and the City of Orlando began their partnership in March 2024 with the deployment of a commercial-scale AirSCWO system at Iron Bridge. In March 2026, the Company announced its first License Agreement with the City following the successful completion of a 90-day biosolids destruction campaign that achieved greater than
About 374Water
374Water Inc. (NASDAQ:SCWO) is a cleantech and environmental services company developing supercritical water oxidation technology for the destruction of organic waste streams within the industrial, municipal, and federal markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous 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.
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. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. 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 forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by 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 Contact
Belton Copp
Vice President
Direct: 401-419-1545
Belton.Copp@374water.com
www.374Water.com
SOURCE: 374Water Inc.
View the original press release on ACCESS Newswire