374Water Inc (NASDAQ:SCWO, FRA:8LL) said it is focused on scaling its proprietary waste destruction technology and expanding commercial deployments in 2026, as the cleantech company builds on operational progress under new CEO Danny Bogar.

The company, which uses its AirSCWO technology to destroy organic waste and contaminants such as PFAS, is prioritizing disciplined execution, targeted capital allocation and measurable results.

“We are in a new chapter for 374Water,” Bogar said, adding that management has streamlined operations and sharpened its focus on advancing the platform’s throughput, durability, automation and scalability.

A central pillar of the strategy is the company’s Orlando, Florida facility, which is being developed into a key operational and demonstration hub. The site is expected to attract customers and partners while showcasing the technology’s capabilities and future roadmap.

374Water is also progressing designs for larger-scale AirSCWO systems aimed at handling higher volumes more efficiently, as it seeks to meet growing demand across multiple markets, including PFAS destruction, biosolids management and industrial waste treatment.

“The world has a massive and ever-growing waste problem,” Bogar said, noting increasing demand for permanent destruction solutions over disposal due to environmental liabilities.

During 2025, the company advanced several commercial and pilot projects. These included PFAS destruction trials at a Clean Earth facility in Detroit under a US Department of Defense-backed program, testing at Peterson Space Force Base in Colorado, and a biosolids destruction campaign in Orlando.

It also signed an agreement to supply a system to the City of Olathe, Kansas, and established a waste destruction services hub in Orlando, which it expects to process increasing volumes of PFAS waste.

For 2026, 374Water plans to deploy its latest-generation system to the Orange County Sanitation District in California, expand its Orlando hub, and demonstrate its mobile system in Minnesota.

“We believe the opportunity in front of us is significant,” Bogar said. “Our job now is to execute.”

Financially, the company reported 2025 revenue of $0.2 million, down from $0.4 million a year earlier, reflecting timing of equipment deliveries. Service revenue increased due to demonstration activity, partially offsetting a decline in equipment revenue.

Operating expenses rose to $18.8 million as the company invested in staffing and development, resulting in a net loss of $21 million. Cash and cash equivalents stood at $3.2 million at year-end.