Cadiz signs MOU with Hoku Energy for clean energy campus on 10,000+ acres; expects $7-10M/yr revenue

CADIZ INC

Non-binding MOU grants Hoku Energy three-year exclusive option to develop renewable power, green hydrogen, and data center on Cadiz Ranch in Mojave Desert.
Expected annual revenue from land lease ($7.2M initial rent on 10,000 acres) and water sales ($1.8M-$3.4M for 2,000-4,000 acre-feet) totals $7-10M.
Follows 2024 deal with RIC Energy for green hydrogen; together position Cadiz Ranch as a major clean energy campus.
Hoku will pay $50,000 annual option fee during the three-year period and cover permitting, feasibility, and capital costs.
Cadiz reserves 400 acres for commercial development including potential data center; Hoku gets right of first refusal to supply power.

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