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374Water Inc. (SCWO) is a global cleantech company specializing in sustainable waste management solutions. The company offers prefabricated treatment systems using supercritical water oxidation technology to convert organic waste into clean water within seconds. Notably, 374Water focuses on transforming wet wastes, including sewage sludge, food waste, and hazardous materials, into recoverable resources. Their innovative AirSCWO technology is instrumental in tackling environmental challenges like PFAS contamination. Through collaborations with organizations like the Department of Defense (DoD), 374Water is at the forefront of revolutionizing waste and wastewater treatment.
374Water, a cleantech company, will co-host an event titled "Water Innovations for Sustainable Development" at the U.N. 2023 Water Conference in New York on March 23. The event will focus on research and innovation to advance the Water Action Agenda. 374Water will showcase its revolutionary technology using supercritical water oxidation (SCWO) to convert harmful PFAS into clean water, energy, and minerals. This aligns with U.S. public health initiatives as PFAS are labeled a concern by the CDC. Additionally, a panel discussion on March 22 at the Nasdaq Boardroom will address the future of PFAS management and innovation.
374Water (NASDAQ:SCWO) announced a partnership with WSP to evaluate the performance of its AirSCWO™ system for destroying PFAS waste at U.S. Air Force bases.
This initiative follows an AFCEC Broad Agency Announcement contract awarded to WSP and aims to demonstrate a scalable and mobile solution for PFAS remediation. The project is expected to offer significant cost savings by reducing the need for storage, transport, and hazardous waste disposal while enhancing safety for service personnel and surrounding communities.
EverGen Infrastructure Corp. is solidifying its position as a leader in the renewable natural gas (RNG) market, driven by the U.S. government's $369 billion Inflation Reduction Act aimed at reducing fossil fuel dependence. The act is projected to triple America’s clean energy production by 2030, creating significant opportunities for companies like EverGen, which has been producing RNG in Canada since 2011.
The company estimates a growth in Adjusted EBITDA from approximately $3 million to $13 million through expansions, leveraging contracts with utility partners such as FortisBC. With an abundance of organic waste, EverGen aims to produce over 2 million gigajoules of RNG annually, capitalizing on the green energy transformation.
374Water (NASDAQ:SCWO) has been awarded a contract by the US Navy to demonstrate its AirSCWO™ technology for destroying PFAS, commonly known as 'forever chemicals.' This initiative is part of a broader Defense Department effort to find sustainable solutions for remediation at military bases. The AirSCWO technology has previously shown effectiveness in destroying PFAS and recovering energy, water, and minerals. With anticipated cleanup costs of over $3.2 billion, this project may lead to cost savings and enhanced environmental protection at military sites.
374Water has partnered with Forever Water Ecuador to implement the AirSCWO™ technology in Ecuador, addressing the urgent need for improved sanitation where 14% of the population lacks basic services. This joint initiative aims to provide sustainable waste management solutions in urban and rural areas, aligning with the United Nations' Sustainable Development Goal 6 on clean water and sanitation. The AirSCWO™ technology converts waste into recoverable resources like water and energy, promoting environmental health and economic growth in the region.
374Water (NASDAQ: SCWO) announced its participation in WEFTEC 2022, taking place from October 8-12 in New Orleans. The company will showcase its AirSCWO™ Technology, designed to effectively eliminate PFAS and other contaminants from wet wastes like sludges and biosolids. Doug Hatler, Chief Revenue Officer, emphasized the technology's emerging importance in addressing global PFAS contamination. The event is a significant platform for water and wastewater professionals to explore innovative solutions and technologies.
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