Cadiz has inked a memorandum of understanding (MoU) with Hoku Energy Limited and its affiliates for the development of a clean energy campus at Cadiz Ranch in California’s Mojave Desert. The MoU provides Hoku Energy with a three-year exclusive option to develop the project at Cadiz Ranch. The project may include green hydrogen production facilities, large-scale renewable and low-carbon power generation, large-scale battery storage facilities, and integrated digital infrastructure.
The facilities will be developed on the leased property or integrated with facilities off the leased property. Furthermore, the agreement does not restrict existing and planned commercial development at Cadiz, including the development of a green hydrogen production facility in partnership with RIC Energy. It also reserves 400 acres for additional commercial development, which could include a data center. If a data center is developed within the 400 acre area, then, as per the agreement, Hoku Energy will have a right of first refusal to supply power to that facility.
The agreement with Hoku complements Cadiz’s development of its flagship water supply and storage project named the Mojave Groundwater Bank. It also follows Cadiz’s agreement with RIC Energy to develop up to 3,000 acres for green hydrogen production. Cadiz is a water solutions provider dedicated to delivering clean, reliable, and affordable water for people.
