Energy Vault Holdings has finalized $28 million in project financing for its Calistoga Resiliency Center (CRC), a cutting-edge hybrid microgrid energy storage facility in Calistoga, California. The CRC, developed to enhance power resiliency in the face of wildfire risks, combines advanced hydrogen fuel cells with lithium-ion batteries. As climate change exacerbates fire-prone conditions, the CRC serves as a sustainable solution to maintain power during necessary safety shutoffs, providing uninterrupted energy supply for the Calistoga community microgrid system. The integration of green hydrogen fuel cells and Energy Vault's B-VAULT DC battery technology ensures reliable power delivery and grid stability. The project aligns with California's Renewable Portfolio Standard and PG&E's energy storage requirements. Scheduled for full commercial operations in Q2 2025, the CRC boasts a model setup for future utility-scale microgrid deployments. Energy Vault's CEO, Robert Piconi, highlights the financial success of the project and anticipates generating long-term revenue streams. Additionally, Energy Vault has plans for similar innovative projects in Snyder, TX, leveraging ITC tax credits and project financing for sustainable energy solutions.