Cadiz CEO Updates on Mojave Water Project, ATEC Growth, Hydrogen Plans
Cadiz Inc.'s CEO, Susan Kennedy, provided a shareholder letter detailing significant progress on key initiatives. The company is in late-stage diligence with equity investors for the Mojave Water Infrastructure Co. LLC and received a US EPA WIFIA invitation for up to $194 million for the Northern Pipeline project. Permitting for the Northern Pipeline conversion is nearing completion. Additionally, ATEC Water Systems reported record production and revenues in 2025, with baseline orders growing 74%, and Cadiz Ranch is advancing plans for the largest hydrogen production facility in California with RIC Energy. The company anticipates Northern Pipeline conversion to begin this year, with the full project operational within 24-36 months.
Key Highlights
- Mojave Water Infrastructure Co. LLC in late-stage diligence with equity investors.
- Received US EPA WIFIA invitation for up to $194 million for Northern Pipeline project.
- WIFIA borrowing costs currently around 4.7% for the Northern Pipeline project.
- Northern Pipeline right-of-way conversion permit nearing completion with BLM.
- ATEC Water Systems doubled manufacturing capacity and tripled pipeline since 2023.
- ATEC achieved record production and revenues in 2025, with baseline orders up 74%.
- RIC Energy advancing permitting for largest hydrogen production facility in California at Cadiz Ranch.
- Northern Pipeline conversion expected this year; full project operational in 24-36 months.
Price Impact
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