Energy Vault Holdings has secured $28 million in project financing for the Calistoga Resiliency Center (CRC) in California. The hybrid microgrid at CRC combines green hydrogen fuel cells with lithium-ion batteries to ensure continuous energy supply during Public Safety Power Shutoff (PSPS) events. This project addresses the increasing wildfire risks in California, where grid-resilient systems are necessary due to climate-related conditions. The facility provides 293 MWh of energy with 8.5 MW of peak power, operating without emissions to support the Calistoga community during power outages. Energy Vault's proprietary B-VAULT DC battery technology and VaultOS energy management platform are integral components of the CRC, facilitating uninterrupted power and system stability. The CRC project, under Energy Vault's ownership model, aims to generate recurring revenue through utility tolling agreements. Energy Vault's CEO, Robert Piconi, highlighted the importance of advanced energy storage technology in assisting communities during necessary power shutoffs, emphasizing the role of the CRC in maintaining critical services and safety. The successful financing of the CRC represents Energy Vault's commitment to enhancing community resilience and safety in the face of escalating wildfire risks. This project aligns with California's Renewable Portfolio Standard and marks the beginning of Energy Vault's ownership and operation strategy. Additionally, Energy Vault has announced agreements to monetize tax credits and secure funding for other projects in Texas, emphasizing the company's expansion and contribution to renewable energy solutions beyond California.