Cadiz, Inc. (NASDAQ:CDZI, CDZIP)) ("Cadiz") and RIC Energy ("RIC") today announced they have entered into a Memorandum of Understanding ("MOU") to develop on-site solar facilities that will accelerate the transition of Cadiz's agricultural operations to clean, renewable energy while expanding the companies' collaboration on green hydrogen development. The MOU also establishes a framework to evaluate the feasibility of siting, permitting and constructing dedicated hydrogen transportation infrastructure—including hydrogen pipelines and other transport solutions—utilizing Cadiz's existing 220-mile Northern Pipeline corridor and other rights-of-way to support future delivery of hydrogen to regional markets and other off-site customers.

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