OCSan spent multiple millions of dollars on an unproven technology by a startup called 374 Water for a Supercritical Water Oxidation system. This was supposed to be implemented and installed in summer of 2022. 374 Water, per their public filings with the US Securities and Exchange System has yet to sell a single unit elsewhere in the world.
We still don't have any visibility into the installation of this unit or accountability for this use of ratepayer dollars
OCSan spent multiple millions of dollars on an unproven technology by a startup called 374 Water for a Supercritical Water Oxidation system. This was supposed to be implemented and installed in summer of 2022. 374 Water, per their public filings with the US Securities and Exchange System has yet to sell a single unit elsewhere in the world.
We still don't have any visibility into the installation of this unit or accountability for this use of ratepayer dollars