---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-089834"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:15:27.860283+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cadiz partners with RIC Energy to build green hydrogen facility on 3,062 acres at Cadiz Ranch

## Summary
- RIC will build self-sufficient off-grid green hydrogen plant producing 50 tons/day using solar power on up to 3,062 acres.
- Cadiz to supply up to 500 acre-feet of water/year at $850/AF (2024 dollars); total ~$11.5M over 27-year operations term.
- Lease has development term (3 yrs, $25k-$45k/yr), construction term (3 yrs, $1k/acre/yr + CPI), and 27-yr operations term (renewable up to 30 more yrs).
- RIC can terminate during development term with 15 days' notice; Cadiz may terminate on uncured payment default.
- Project is a Tier 2 ARCHES project eligible for DOE hydrogen hub funding; expected to supply California’s clean transportation market.

## SEC filing metadata
- accession: 0001213900-24-089834
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390024089834/0001213900-24-089834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390024089834/ea0218385-8k_cadiz.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-089834
- JSON: https://secwatch.observer/filing/0001213900-24-089834.json
- Plain text: https://secwatch.observer/filing/0001213900-24-089834.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.