Cadiz Ranch Partners with Hoku Energy for Sustainable Energy Campus
Key Ideas
  • Cadiz Inc. signs MOU with Hoku Energy for a clean energy campus at Cadiz Ranch, projecting significant revenue and supporting sustainable operations.
  • Hoku Energy has an exclusive option to develop green hydrogen production facilities, renewable power generation, large-scale battery storage, and data centers on the leased property.
  • The agreement allows for continued commercial development at Cadiz, including agriculture, the Mojave Groundwater Bank, green hydrogen production with RIC Energy, and potential data center development.
  • The partnership aims to position Cadiz Ranch as a leading clean energy campus and green hydrogen production hub in North America, leveraging existing infrastructure and resources.
Cadiz Inc. has entered into a Memorandum of Understanding with Hoku Energy Limited to develop a major clean energy campus at Cadiz Ranch in California's Mojave Desert. This partnership aims at developing green hydrogen production facilities, renewable power generation, large-scale battery storage, and data centers on the leased property. The agreement allows Hoku Energy an exclusive option over 10,000 acres for development. The collaboration supports Cadiz's strategy for sustainable development of its land and water assets, alongside existing agricultural operations and green hydrogen production efforts with RIC Energy. Cadiz's infrastructure and resources make it suitable for large-scale renewable energy and data center projects. The partnership with Hoku Energy is seen as a significant step towards establishing Cadiz Ranch as a prominent clean energy campus and green hydrogen production hub in North America. The initiative aligns with both companies' vision for sustainable, scaled development of critical energy and water infrastructure in the region.
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