Cadiz Inc. Partners with Hoku Energy for Clean Energy Campus Development in the Mojave Desert
Key Ideas
- Cadiz Inc. and Hoku Energy have signed an MOU to explore a large-scale clean energy campus at Cadiz Ranch, focusing on green hydrogen, renewable power generation, and more.
- The agreement grants Hoku Energy an exclusive option to develop clean energy infrastructure on over 10,000 acres at Cadiz Ranch without disrupting existing operations.
- The partnership aligns with Cadiz's sustainable development mission and strategic vision, leveraging the site's advantages for clean energy and data center projects, aiming to become a significant clean energy hub.
- Susan Kennedy, Chair of Cadiz Inc., highlighted the alignment of Hoku Energy's vision with Cadiz's long-term land use strategy to support sustainable energy and water infrastructure development in California and the Southwest.
Cadiz Inc. has signed a Memorandum of Understanding (MOU) with Hoku Energy Limited, a UK-based clean energy company, to potentially develop a large-scale clean energy campus at Cadiz Ranch in California's Mojave Desert. This marks the second clean energy-related land lease agreement for Cadiz within a year. The MOU grants Hoku Energy a three-year exclusive option to develop infrastructure for green hydrogen production, renewable power generation, battery energy storage, and data centers on more than 10,000 acres at Cadiz Ranch. The terms ensure that the new project will not disrupt existing activities on the property, with Cadiz continuing its agricultural operations and water infrastructure projects. Additionally, land is reserved for commercial development, potentially including a data center, with Hoku Energy having the first right to supply power if a data center is developed. Cadiz Ranch's strategic location with access to essential infrastructure makes it suitable for hosting large-scale renewable energy projects. The collaboration with Hoku Energy complements Cadiz's broader green hydrogen production initiatives with RIC Energy, aiming to establish a significant clean energy and green hydrogen production hub at Cadiz Ranch. Susan Kennedy, Chair of Cadiz Inc., expressed enthusiasm for the partnership, highlighting the shared vision of sustainable development. The agreement is seen as a significant step towards achieving Cadiz's long-term goals in renewable energy and water infrastructure in California and the Southwest.
Topics
North America
Renewable Energy
Clean Energy
Sustainable Development
Business Partnership
Data Center
Water Infrastructure
Strategic Advantages
Land Lease
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