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Cadiz Releases New Aerial Tour of Aquifer System Feeding Mojave Groundwater Bank
CEO Susan Kennedy Also Comments on State Report Predicting Climate Change Will Reduce SWP Supplies by as much as 23% over 20 years LOS ANGELES, Aug. 8, 2024
About this update from Cadiz, Inc.
[{"type":"text","content":"CEO Susan Kennedy Also Comments on State Report Predicting Climate Change Will Reduce SWP Supplies by as much as 23% over 20 years \nLOS ANGELES, Aug. 8, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) (\"Cadiz\" or the \"Company\"), a California water solutions company, announced today the release of a new video focused on the hydrogeology of the watershed surrounding the Company's Cadiz Ranch in California's eastern Mojave Desert. The Cadiz Aerial Tour video utilizes new photography, underground imagery and aerial footage to bring to life the vast and unique aquifer system flowing beneath Cadiz Ranch. With as much as 30-50 million acre-feet of water in storage today, the 2,000 square mile aquifer system at Cadiz contains more water than Lake Mead, the largest reservoir in the United States. The water flowing through the aquifer has supported sustainable agriculture operations at Cadiz Ranch for four decades.\n\n \n \n \n \n \n \n\n \nThe new video was released on the heels of a new report from the State of California Department of Water Resources projecting that climate change will reduce water supplies from the California State Water Project (\"SWP\") by up to 23% over the next 20 years. Built in 1960, the SWP pumps water supplies more than 700 miles from Northern California to Southern California through a system of pumps, aqueducts and open reservoirs. Many desert communities in Southern California rely on imports from the SWP to replenish over-drafted groundwater basins and emergency supplies during droughts.\nCadiz CEO Susan Kennedy commented: \"This new report underscores the need for better ways to capture, conserve and store water supplies in Southern California. These massive natural groundwater banks in California's desert like Cadiz are the key to water security for Southern California.\"\nCadiz Ranch in San Bernardino County, California sits at the base of a 2,000 square mile watershed system roughly four times the size of the City of Los Angeles. The video released today provides an aerial tour of this remote corner of California desert crisscrossed by railroads, interstate highways, gas and power lines. The video takes the viewer from the summits of the New York Mountains at 7,500 feet to a thousand feet underground, tracing the movement of water through this dynamic watershed and aquifer system where it ...