Cadiz and RIC Energy Partner to Build the Largest Hydrogen Production Facility in California
Cadiz (NASDAQ: CDZI) and RIC Energy have partnered to build California's largest green hydrogen facility at Cadiz Ranch in the Mojave Desert. The facility will produce 50,000 kilograms of hydrogen daily using 100% solar power on up to 3,000 acres. Cadiz will provide land and up to 500 acre-feet of water annually, while RIC Energy will implement state-of-the-art technologies complying with IRA's Section 45V regulations. The facility's strategic location near rail lines, pipelines, and interstate highways will facilitate distribution to Southern California markets for zero-emission vehicles and electric generation. The project is designated as a Tier 2 ARCHES project under California's Regional Clean Hydrogen Hub initiative.
Cadiz (NASDAQ: CDZI) e RIC Energy hanno stretto una partnership per costruire la più grande struttura di idrogeno verde della California presso Cadiz Ranch nel deserto di Mojave. La struttura produrrà 50.000 chilogrammi di idrogeno al giorno utilizzando energia solare al 100% su un massimo di 3.000 acri. Cadiz fornirà terreni e fino a 500 acri di acqua all'anno, mentre RIC Energy implementerà tecnologie all'avanguardia conformi alle normative della Sezione 45V dell'IRA. La posizione strategica della struttura, vicina a linee ferroviarie, oleodotti e autostrade, faciliterà la distribuzione ai mercati della California del Sud per veicoli a zero emissioni e generazione elettrica. Il progetto è designato come progetto Tier 2 ARCHES nell'ambito dell'iniziativa Regional Clean Hydrogen Hub della California.
Cadiz (NASDAQ: CDZI) y RIC Energy se han asociado para construir la instalación de hidrógeno verde más grande de California en Cadiz Ranch, en el desierto de Mojave. La instalación producirá 50,000 kilogramos de hidrógeno al día utilizando energía solar al 100% en hasta 3,000 acres. Cadiz proporcionará terreno y hasta 500 acre-pie de agua anualmente, mientras que RIC Energy implementará tecnologías de última generación cumpliendo con las regulaciones de la Sección 45V de la IRA. La ubicación estratégica de la instalación cerca de líneas ferroviarias, oleoductos y autopistas facilitará la distribución a los mercados del sur de California para vehículos de cero emisiones y generación eléctrica. El proyecto está designado como un proyecto de Nivel 2 ARCHES bajo la iniciativa Regional Clean Hydrogen Hub de California.
카디즈 (NASDAQ: CDZI)와 RIC 에너지가 모하비 사막의 카디즈 랜치에 캘리포니아 최대의 녹색 수소 시설을 건설하기 위해 협력했습니다. 이 시설은 최대 3,000에이커에서 100% 태양 에너지를 사용하여 매일 50,000킬로그램의 수소를 생산할 것입니다. 카디즈는 토지와 연간 최대 500 에이커 피트의 물을 제공하며, RIC 에너지는 IRA의 섹션 45V 규정을 준수하는 최첨단 기술을 구현할 것입니다. 철도 노선, 파이프라인 및 고속도로와 가까운 전략적 위치 덕분에 이 시설은 남부 캘리포니아 시장으로 무공해 차량과 전기 생산을 위한 배급을 용이하게 할 것입니다. 이 프로젝트는 캘리포니아의 지역 청정 수소 허브 이니셔티브에 따라 Tier 2 ARCHES 프로젝트로 지정되었습니다.
Cadiz (NASDAQ: CDZI) et RIC Energy se sont associés pour construire la plus grande installation d'hydrogène vert de Californie à Cadiz Ranch, dans le désert de Mojave. L'installation produira 50 000 kilogrammes d'hydrogène par jour, en utilisant 100 % d'énergie solaire sur jusqu'à 3 000 acres. Cadiz fournira des terrains et jusqu'à 500 acre-pieds d'eau par an, tandis que RIC Energy mettra en œuvre des technologies de pointe conformes aux réglementations de la section 45V de l'IRA. La situation stratégique de l'installation, à proximité de lignes ferroviaires, d'oléoducs et d'autoroutes, facilitera la distribution vers les marchés du sud de la Californie pour les véhicules à zéro émission et la production d'électricité. Le projet est désigné comme un projet ARCHES de niveau 2 dans le cadre de l'initiative Regional Clean Hydrogen Hub de Californie.
Cadiz (NASDAQ: CDZI) und RIC Energy haben sich zusammengeschlossen, um die größte Anlage für grünen Wasserstoff in Kalifornien auf der Cadiz Ranch in der Mojave-Wüste zu bauen. Die Anlage wird täglich 50.000 Kilogramm Wasserstoff produzieren, wobei bis zu 3.000 Acres mit 100% Solarenergie versorgt werden. Cadiz wird Land sowie bis zu 500 Acre-Fuß Wasser jährlich bereitstellen, während RIC Energy modernste Technologien umsetzen wird, die den Vorschriften des Abschnitts 45V der IRA entsprechen. Die strategische Lage der Anlage in der Nähe von Eisenbahnlinien, Pipelines und Autobahnen wird die Verteilung an die Märkte in Südkalifornien für emissionsfreie Fahrzeuge und Stromerzeugung erleichtern. Das Projekt ist als Tier-2-ARCHES-Projekt im Rahmen der Regional Clean Hydrogen Hub-Initiative Kaliforniens ausgewiesen.
- Strategic location with access to existing transportation infrastructure
- Project is part of government-backed ARCHES initiative with access to federal funding
- Company will benefit from water supply to hydrogen facility
- Access to green hydrogen will reduce operational costs for water operations
- Significant water commitment of 500 acre-feet annually from existing resources
- Large land allocation of 3,000 acres required for the project
Insights
This landmark partnership represents a significant strategic development in California's green hydrogen infrastructure. The planned 50,000 kg/day facility will be uniquely positioned with important logistical advantages - direct access to rail, pipeline and highway infrastructure for distribution. The facility's self-sufficient design using on-site solar power and water resources creates an efficient, vertically integrated operation that should minimize operational costs.
The project's inclusion as a Tier 2 ARCHES project, coupled with California's
This project aligns perfectly with California's aggressive clean energy mandates, particularly the
The integration with existing natural gas infrastructure for blending capabilities provides a practical transition pathway for decarbonizing existing energy systems. This hybrid approach could accelerate hydrogen adoption while utilizing established infrastructure, potentially reducing implementation barriers and costs.
Hydrogen facility at Cadiz Ranch site to use
"Cadiz is proud to partner with RIC to bring this important new clean energy facility online," said Cadiz CEO Susan Kennedy. "Cadiz sits at the crossroads of major rail, pipeline, and highway infrastructure in
RIC Energy chose the Cadiz area for its first US facility after a six-month diligence process that evaluated several locations across the state. Plans call for a self-sufficient, integrated, off-grid green hydrogen production facility utilizing photovoltaic (PV) solar for its power supply on up to 3,000 acres of the Cadiz Ranch. The new facility is expected to feature a combination of state-of-the-art technologies to create green hydrogen, complying with the strictest regulations of IRA's Section 45V, using on-site Cadiz water resources and fully renewable electricity generated from a local solar array. Cadiz will supply up to 500 acre-feet of water per year for hydrogen production. Cadiz, in turn, will be able to use green hydrogen and solar to power its water supply and groundwater banking operations.
"This is an exciting opportunity for RIC Energy," said Jonathan Rappe, CEO of RIC Energy North America. "We have clean energy facilities in 14 countries on four continents, but this partnership with Cadiz is unique. In a single location that is close to roads, train lines and pipelines we have all the water, land and sun right at hand to build and operate what will be one of the world's largest self-sufficient green hydrogen facilities to date."
When operating at full capacity, the clean energy facility will produce 50,000 kilograms of hydrogen per day to fuel zero-emission trucks and cars, as well as be able to supply to many other
According to ARCHES, its projects are expected to create over 200,000 green jobs in
About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a
About RIC Energy
RIC Energy is a clean energy company focused on delivering community and utility scale generation and storage projects throughout
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "anticipates", "expect", "may", "plan", or "will". Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the Company's expectation that the RIC Energy hydrogen facility will be permitted, constructed and operated on Cadiz property in the Mojave Desert, along with the expected related benefits. Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company's forward-looking statements are detailed in the Company's Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent quarterly and current reports. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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SOURCE Cadiz, Inc.
FAQ
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