Energy Vault Holdings Inc. has successfully closed $28 million in project financing for its Calistoga Resiliency Center (CRC) in California. The CRC is a cutting-edge hybrid microgrid energy storage facility that combines hydrogen fuel cells and lithium-ion batteries to address power resiliency challenges in the face of increasing wildfire risks. As wildfires become more severe due to climate change, utilities like PG&E implement Public Safety Power Shutoff events, making energy storage crucial to maintain power during these safety measures. The CRC offers a sustainable solution by enabling the Calistoga community microgrid to sustain power during PSPS events. With a 293 MWh capacity, the microgrid system can provide approximately 48 hours of continuous energy supply, with a peak power output of 8.5 MW during shutoffs. By utilizing green hydrogen in fuel cells for electricity generation, the CRC ensures essential power to the community. Energy Vault's technology, including the B-VAULT™ DC battery system, ensures instant response and maintains grid stability. The CRC, orchestrated by VaultOS™ Energy Management System, aligns with California's Renewable Portfolio Standard and fulfills PG&E's long-duration energy storage requirements. Robert Piconi, Energy Vault's Chairman and CEO, highlights the project's importance in ensuring energy resilience for the Calistoga community amidst increasing wildfire risks. The successful financing not only replenishes the company's balance sheet but also exemplifies its dedication to innovative and sustainable energy solutions. The CRC serves as a model for future utility-scale hybrid microgrid deployments, offering scalable, zero-emission solutions for regions prone to wildfires.