Eagle Point Credit Management has provided $28 million in project financing to Energy Vault for the development of the Calistoga Resiliency Center (CRC), a sustainable energy project in Calistoga. The CRC, designed, owned, and operated by Energy Vault, is aimed at providing the city of Calistoga with an alternative power source during Public Safety Power Shutdowns, reducing the risk of power failures from wildfires. The facility utilizes a hybrid green hydrogen and lithium-ion battery energy storage system to offer a cost-effective, fully carbon-free microgrid that can store and dispatch clean energy on demand. The 293MWh system at the Calistoga Resiliency Center is designed to provide 48 hours of continuous energy and a peak instantaneous power output of 8.5MW during regional PSPS events. Energy Vault's proprietary B-VAULT DC battery technology, in conjunction with fuel cells, ensures stable power supply with instantaneous response and grid-forming capabilities. In the event of a PSPS, the CRC will use green hydrogen fuel cells to generate electricity, providing sustainable power to the local community. Key stakeholders including Jennifer Powers, Principal and Head of Infrastructure Credit at Eagle Point, and Robert Piconi, Chairman and CEO of Energy Vault, have expressed excitement about the partnership. Powers highlighted the importance of ensuring communities have access to essential services during extreme weather events, while Piconi emphasized the positive financial returns of the project and the ability to achieve attractive terms from a leading institutional credit provider. The partnership aims to support Energy Vault's initiatives in battery storage solutions and create a long-term financing partnership.