{"id":3236,"date":"2024-10-24T08:25:40","date_gmt":"2024-10-24T06:25:40","guid":{"rendered":"https:\/\/ric.energy\/?p=3236"},"modified":"2024-10-24T09:04:41","modified_gmt":"2024-10-24T07:04:41","slug":"cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california","status":"publish","type":"post","link":"https:\/\/ric.energy\/en\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\/","title":{"rendered":"Cadiz and RIC Energy Partner to Build the Largest Hydrogen Production Facility in California"},"content":{"rendered":"\n

Hydrogen facility at Cadiz Ranch site will use 100% solar power to produce 50 tons of \u2018green\u2019 hydrogen per day to fuel zero-emission trucks, cars and electricity<\/em><\/strong><\/p>\n\n\n\n

LOS ANGELES, CALIFORNIA (10.XX.24) \u2013 Cadiz, Inc. (NASDAQ: CDZI \/ CDZIP), a California water solutions company, and RIC Energy, a global renewable energy developer, announced today they have entered into an agreement to build California\u2019s largest green hydrogen facility at Cadiz Ranch in the Mojave Desert. Under the agreement, Cadiz will supply land and water to RIC Energy for the creation of industrial quantities of 100% green hydrogen using solar energy and the rail lines, pipelines and interstate highways that intersect Cadiz Ranch to deliver green hydrogen to Southern California markets to fuel zero-emission trucks, cars and electric generation. <\/p>\n\n\n\n

\u201cCadiz is proud to partner with RIC to bring this important new clean energy facility online,\u201d said Cadiz CEO Susan Kennedy. \u201cCadiz sits at the crossroads of major rail, pipeline, and highway infrastructure in California\u2019s Inland Empire with thousands of acres for solar and an aquifer system larger than Lake Mead. It is the ideal location for green hydrogen production – the largest hydrogen production facility in California.\u201d<\/p>\n\n\n\n

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 features a combination of state-of-the-art technologies to create green hydrogen, complying with the strictest regulations of IRA\u2019s 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.<\/p>\n\n\n\n

\u201cThis is an exciting opportunity for RIC Energy,\u201d said Jonathan Rappe, CEO of RIC Energy North America.  \u201cWe 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\u2019s largest self-sufficient green hydrogen facilities to date.\u201d<\/p>\n\n\n\n

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 California industries currently using fossil hydrogen. Plans call for on-site electricity storage along with equipment to compress and liquefy the hydrogen for rail or road transportation. The site at Cadiz is also ideal for possible future hydrogen pipelines serving the Los Angeles region. The hydrogen can also be blended locally with natural gas for transport via on-site and nearby existing gas transmission pipeline networks, with the objective of serving California\u2019s burgeoning hydrogen market and meet California\u2019s mandate to deliver 90% clean electricity by 2035.<\/p>\n\n\n\n

California is one of seven awardees of the Department of Energy\u2019s Regional Clean Hydrogen Hubs<\/a> <\/strong><\/mark>(H2Hubs). That designation is supported by a landmark $12.6 billion agreement<\/a><\/strong><\/mark>, including $1.2 billion in federal funding, to build and expand the production of renewable hydrogen in California with all possible speed and will be managed by ARCHES<\/strong><\/a>, the Alliance for Renewable Clean Hydrogen Energy Systems, a California public-private partnership.  RIC Energy\u2019s project at Cadiz is a Tier 2 ARCHES project.<\/p>\n\n\n\n

ARCHES projects are set to create over 200,000 green jobs in California and are forecast to generate $2.95 billion per year in economic value beginning in 2030, including significant health and healthcare cost savings from reduced pollution.<\/p>\n\n\n\n

\u201cThe production and implementation of clean, renewable hydrogen is essential to fully decarbonize our region\u2019s industries, foster clean energy job growth, and meet California\u2019s ambitious carbon neutrality goals,\u201d said U.S. Senator Alex Padilla. \u201cARCHES will bring tens of thousands of good-paying jobs, cleaner air, and reduced fuel costs to our state \u2014 all while focusing their work on environmental justice and equity for disadvantaged communities. I am proud to see California and the Bipartisan Infrastructure Law pave the way to a clean energy future.\u201d<\/p>\n\n\n\n

About Cadiz, Inc.<\/strong><\/h2>\n\n\n\n

Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz <\/strong><\/mark><\/a>offers a full suite of solutions to address the impacts of climate change on clean water access. For more information, please visit https:\/\/www.cadizinc.com<\/strong><\/a>.\u00a0<\/mark><\/p>\n\n\n\n

About RIC Energy<\/strong><\/h2>\n\n\n\n

RIC Energy is a clean energy developer focused on delivering community and utility scale generation and storage projects throughout North America. Founded in 2005, RIC Energy is committed to accelerating the region\u2019s clean energy shift by offering cleaner, more environmentally friendly, efficient and innovative energy solutions. Visit\u00a0ric.energy<\/mark><\/strong><\/a>\u00a0for more information.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0

<\/em>Forward-Looking Statements<\/em><\/strong><\/p>\n\n\n\n

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to the Company\u2019s expectation XXX. 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\u2019s forward-looking statements are detailed in the Company\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hydrogen facility at Cadiz Ranch site will use 100% solar power to produce 50 tons of \u2018green\u2019 hydrogen per day to fuel zero-emission trucks, cars and electricity LOS ANGELES, CALIFORNIA (10.XX.24) \u2013 Cadiz, Inc. (NASDAQ: CDZI \/ CDZIP), a California water solutions company, and RIC Energy, a global renewable energy developer, announced today they have […]<\/p>\n","protected":false},"author":2,"featured_media":3234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categorizar"],"acf":[],"yoast_head":"\nCadiz and RIC Energy Partner to Build the Largest Hydrogen Production Facility in California - RIC ENERGY<\/title>\n<meta name=\"description\" content=\"Hydrogen facility at Cadiz Ranch site will use 100% solar power to produce 50 tons of \u2018green\u2019 hydrogen per day to fuel zero-emission trucks, cars and electricity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ric.energy\/en\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cadiz and RIC Energy Partner to Build the Largest Hydrogen Production Facility in California\" \/>\n<meta property=\"og:description\" content=\"Hydrogen facility at Cadiz Ranch site will use 100% solar power to produce 50 tons of \u2018green\u2019 hydrogen per day to fuel zero-emission trucks, cars and electricity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ric.energy\/en\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\/\" \/>\n<meta property=\"og:site_name\" content=\"RIC ENERGY\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-24T06:25:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-24T07:04:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ric.energy\/wp-content\/uploads\/2024\/10\/SunriseAt_CadizRanch.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"760\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ijimenez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Cadiz and RIC Energy Partner to Build the Largest Hydrogen Production Facility in California\" \/>\n<meta name=\"twitter:description\" content=\"Hydrogen facility at Cadiz Ranch site will use 100% solar power to produce 50 tons of \u2018green\u2019 hydrogen per day to fuel zero-emission trucks, cars and electricity\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/ric.energy\/wp-content\/uploads\/2024\/10\/SunriseAt_CadizRanch.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ijimenez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ric.energy\\\/en\\\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ric.energy\\\/en\\\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\\\/\"},\"author\":{\"name\":\"ijimenez\",\"@id\":\"https:\\\/\\\/ric.energy\\\/en\\\/#\\\/schema\\\/person\\\/63e34e2fd4e831fb85e2bc7dcda18c33\"},\"headline\":\"Cadiz and RIC Energy Partner to Build the Largest Hydrogen Production Facility in California\",\"datePublished\":\"2024-10-24T06:25:40+00:00\",\"dateModified\":\"2024-10-24T07:04:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ric.energy\\\/en\\\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\\\/\"},\"wordCount\":1010,\"image\":{\"@id\":\"https:\\\/\\\/ric.energy\\\/en\\\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ric.energy\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/SunriseAt_CadizRanch.jpg\",\"articleSection\":[\"Sin categorizar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ric.energy\\\/en\\\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\\\/\",\"url\":\"https:\\\/\\\/ric.energy\\\/en\\\/cadiz-and-ric-energy-partner-to-build-the-largest-hydrogen-production-facility-in-california\\\/\",\"name\":\"Cadiz and RIC Energy Partner to Build the Largest Hydrogen Production Facility in California - 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