Poseidon Resources is gearing up for negotiations with Orange County water agencies interested in buying the 50 million gallons of purified ocean water its Huntington Beach Desalination Plant is expected to produce each day.
The Orange County Register reports that 18 Orange County water agencies have signed nonbinding letters of intent, indicating their interest in purchasing desalinated water. The agencies will meet privately with Poseidon officials Thursday to dive into details that will drive negotiations.
Demand for the water is projected to exceed supply by nearly 43 percent, according to those letters.
Districts that have signed them have requested a total of 80,960 acre-feet of drinking water a year from Poseidon once the plant comes online, anticipated in summer 2017. The plant will produce 56,000 acre-feet of drinking water each year, with each acre-foot enough to meet annual needs for two families of four.