374Water Inc. (NASDAQ: SCWO) announced a new municipal contract with the City of Cedar Rapids Water Control Pollution Facility (CRWPCF) to deploy its AirSCWO system for the destruction of PFAS‑contaminated biosolids. The partnership, which also involves environmental consultancy Brown & Caldwell, will begin in the first quarter of 2026 and will include independent laboratory validation of the destruction results.
The AirSCWO project will replace CRWPCF’s current multiple‑hearth incineration process, which destroys 120 tons of sludge daily at a 45‑million‑gallon‑per‑day facility. AirSCWO is expected to achieve complete mineralization of PFAS to non‑detect levels, with results anticipated by the end of Q1 or early Q2 2026. The contract is a recurring‑service agreement that will generate ongoing revenue for 374Water as the facility continues to process biosolids throughout the year.
Technical performance data from 374Water’s trials show that AirSCWO achieves greater than 99.99 % destruction of PFAS in biosolids, a level that exceeds the partial destruction typically achieved by incineration and aligns with the EPA’s emerging PFAS‑removal standards. Independent laboratory validation will confirm that the system meets non‑detect thresholds, providing regulatory confidence and a competitive advantage over other PFAS‑destruction technologies.
From a business perspective, the Cedar Rapids contract validates 374Water’s AirSCWO platform in a high‑profile public‑sector setting and opens a recurring‑service revenue stream that can be replicated at other municipal facilities. The global PFAS‑waste‑management market is projected to reach several billion dollars by 2034, and 374Water’s technology positions it to capture a share of that growth. The contract also signals to investors that the company is moving beyond pilot projects into full‑scale commercial deployments, strengthening its competitive position against other PFAS‑destruction providers.
The announcement triggered a 2.1 % increase in 374Water’s pre‑market trading on the day of the news, reflecting investor enthusiasm for the new contract and the company’s expanding service portfolio. Analysts noted that the recurring‑service model offers higher margins than capital‑equipment sales and that the company’s proven destruction efficacy is a key differentiator in a market with limited technology options.
Stephen J. Jones, Chairman and Interim President and CEO of 374Water, said the partnership “demonstrates the effectiveness, scalability, and versatility of our AirSCWO technology for destroying solid and liquid wastes.” He added that the project “will provide a robust, repeatable revenue stream while advancing the city’s PFAS‑removal goals.”
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