For investors

An infrastructure asset with its own power and policy-backed demand.

Mojave Hydrogen Works is developing Phase 1: a 40 MW solar-powered green hydrogen plant at Cadiz, California. This page summarizes the project for infrastructure investors and lenders, and how qualified parties can engage.

Investment highlights

Why this project is built to be financed.

The structure removes the risks that stall most hydrogen projects: power price, supply of water, and demand that depends on voluntary adoption.

Owned power

No power-price exposure

Dedicated solar and battery storage on site. No power purchase agreement, no grid price risk and no wait in the grid interconnection queue.

Demand

Policy-backed buyers

Transit agencies under California's zero-emission bus rule, the ports' 2035 zero-emission truck goal and fee on diesel trucks, refiners under the Low Carbon Fuel Standard, public fleets, and power plants that can now earn renewable credit for burning green hydrogen under SB 1350.

Federal credit

A ten-year production credit

The federal clean hydrogen production credit pays for ten years after start-up, on a sliding scale by carbon intensity. Mojave's dedicated solar is designed to target the top tier, subject to qualification. Construction must begin before January 1, 2028.

Site & water

Land and water at project level

Our development partner holds an agreement for land at Cadiz Ranch and an annual water supply, expanded in 2026 to add solar.

Partners

An experienced developer

A global renewable developer with a multi-gigawatt portfolio, including green hydrogen, leads permitting and engineering.

Platform

Room to grow

The same land, power and water support later phases: green ammonia for agriculture, on-site power for data centers and new sites across the West.

New in 2026 · SB 1350

A new class of buyer. California now counts electricity from turbines burning at least 20% green hydrogen toward its Renewables Portfolio Standard. Utilities converting gas plants, starting with LADWP's $800 million Scattergood project due in 2029, will need green hydrogen from outside producers.

See the details →

Phase 1 at a glance

The facility.

Targets shown are development targets and may change as engineering and permitting progress.

Electrolyzer
40 MW PEM, modular
Solar
130 MWdc, dedicated
Battery storage
350 MWh
Hydrogen output
~4.0 million kg per year
Site
Cadiz Ranch, Mojave Desert, California
45V construction start (safe-harbour contract)
Q3 2027
Target financial close and notice to proceed
Q1 2028
Target commercial operation
Q3 2029

What remains

Where the project stands today.

We would rather you hear the open items from us first.

Permitting

Environmental review

California environmental review (CEQA) begins when the current development round closes. No permits have been issued yet.

Offtake

Buyers in negotiation

Discussions are under way with port, mobility and industrial buyers. No binding offtake agreements have been signed, which is typical at this stage.

Agreements

Definitive documents pending

Arrangements with our development partner and the site's landowner remain subject to definitive agreements.

Construction

Not yet built

Imagery on this site is illustrative. The facility has not been constructed.

How to engage

From first call to data room.

We work with infrastructure funds, project finance lenders, strategic investors and offtakers.

Introductory call

A short call to understand your mandate and walk through the project.

Confidentiality agreement

A mutual NDA before any confidential material is shared.

Data room

Investor deck, financial model, capital structure, technical, site and water materials.

Management meeting

Diligence sessions with the sponsor team, and a site visit to Cadiz.

Documents

Materials.

Project overview
One-page summary of Phase 1
Open
60-second video
California's clean hydrogen gap, and how we fill it
Watch
Investor deck
Full project and capital plan
Under NDA
Financial model
Phase 1 operating and returns model
Under NDA
Technical and site package
Engineering, site, water and permitting materials
Under NDA

Partner on Phase 1.

We are speaking with infrastructure investors, lenders, offtakers and strategic partners. Qualified parties can request the investor deck and data room under NDA.

Information for investors →
Contact Jason Thompson
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