Energy Vault Secures Funding for Sustainable Microgrid Project in Calistoga
Key Ideas
- Energy Vault secures $28 million in project financing for the Calistoga Resiliency Center, a hybrid microgrid energy storage facility with advanced hydrogen fuel cells.
- The CRC provides a sustainable solution to maintain power during Public Safety Power Shutoff (PSPS) events, ensuring 48 hours of continuous energy supply for the Calistoga community.
- The zero-emission system, utilizing green hydrogen in fuel cells and lithium-ion batteries, supports California's Renewable Portfolio Standard and is expected to be fully operational in Q2 2025.
- Energy Vault's technology-agnostic energy management system orchestrates the microgrid, setting a model for future utility-scale deployments in wildfire-prone regions like California.
Energy Vault Holdings has closed a $28 million project financing deal for its Calistoga Resiliency Center (CRC), a hybrid microgrid energy storage facility incorporating advanced hydrogen fuel cells. The CRC, developed to address power resiliency challenges posed by wildfire risks in California, ensures continuous energy supply during Public Safety Power Shutoff (PSPS) events for the Calistoga community. By utilizing green hydrogen in fuel cells and lithium-ion batteries, the system provides 48 hours of power during shutoffs and supports California's Renewable Portfolio Standard. Energy Vault's B-VAULT DC battery technology complements the fuel cells to maintain grid stability. The CRC, operating in island mode, is a sustainable solution aimed at preventing power disruptions during extreme weather conditions. Energy Vault's VaultOS Energy Management System coordinates the entire microgrid, showcasing a scalable model for future utility-scale deployments in wildfire-prone areas like California. With full commercial operations expected in Q2 2025, the CRC sets an example for zero-emission microgrid solutions and highlights the importance of energy storage in building resilient communities. The successful funding of the CRC reflects Energy Vault's commitment to sustainable energy solutions and marks the beginning of a new phase in generating predictable revenue streams for the company.
Topics
Power
Sustainability
Green Technology
Energy Storage
Resilience
Utility-scale
Project Financing
Microgrid
Renewable Portfolio Standard
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