Cadiz

The story begins in the early 1980s when hydrogeologist Mark Liggett, studying NASA satellite images, discovered a vast aquifer system under the Mojave Desert. This led to the founding of Cadiz Inc. in 1983 by Liggett and British investor Keith Brackpool, who acquired land over this underground basin with an ambitious plan. Their initial concept was to store surplus water from sources like the Colorado River in their aquifer and then sell it back to Southern California water districts during dry years. The company went public, yet for decades, its grand vision remained just that—a vision. The project faced significant hurdles, including environmental concerns, legal battles, and political opposition. A key plan with the Metropolitan Water District of Southern California fell apart in 2002 over concerns the project would deplete the natural aquifer faster than it could be replenished. For years, the company operated primarily as a stock play, its fortunes rising and falling with news of potential partnerships and regulatory rulings. A major turning point began around 2020. The company acquired a 220-mile natural gas pipeline with the innovative goal of converting it to transport water. Under new leadership, with Susan Kennedy appointed as CEO, Cadiz shifted its strategy. Instead of just storing water for others, the company repositioned itself as a water solutions provider, aiming to capture groundwater, develop storage, and build a transportation network to deliver water to underserved communities in California and the Southwest. This strategic pivot has led to new partnerships and a renewed push to finally make the desert bloom with opportunity.