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Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch
Cadiz Cadiz (US:CDZI) Prnewswireยท2025-06-20 12:59

Core Insights - Cadiz Inc. has entered into a Memorandum of Understanding (MOU) with Hoku Energy Limited to develop a major clean energy campus at Cadiz Ranch in California's Mojave Desert, which aligns with the company's commitment to sustainable development [2][5] - The MOU grants Hoku Energy a three-year exclusive option to develop over 10,000 acres for various clean energy projects, including green hydrogen production and large-scale renewable energy generation [3][4] - The projects are expected to generate annual lease revenue and water supply sales of $7 to $10 million, supporting sustainable water and farming operations [1] Company Overview - Cadiz Inc. is a California water solutions company with 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets, focusing on providing clean and reliable water [7] - The company is also developing the Mojave Groundwater Bank and has previously partnered with RIC Energy for green hydrogen production on up to 3,000 acres [5] Project Details - The Hoku Energy project may include facilities for green hydrogen production, renewable power generation, battery storage, and integrated digital infrastructure such as data centers [3][4] - The agreement allows for continued commercial development at Cadiz, including agricultural operations and reserves 400 acres for additional commercial development, with Hoku having the right of first refusal to supply power to any developed data center [4][5] Strategic Importance - The collaboration with Hoku Energy is seen as a key component of Cadiz's long-term land use strategy, enhancing the potential for large-scale renewable energy and data center development [5] - The combined efforts with Hoku and RIC Energy are expected to position Cadiz Ranch as a significant clean energy campus and green hydrogen production hub in North America [5]