Energy Vault closes US$28 million financing for California green hydrogen BESS microgrid

Energy Vault Achieves Successful Close of $28 million in Project Financing for the Calistoga Resiliency Center, the World’s First Ultra-Long Duration Hybrid Green Hydrogen Energy Storage Microgrid serving California’s PG&E

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Apr 1, 2025-

Energy Vault closes US$28 million financing for California green hydrogen BESS microgrid

Energy storage developer and system integrator Energy Vault has closed on US$28 million in project financing for the Calistoga Resiliency Centre (CRC) located in California, US.

Energy Vault closes $28 million in funding for wildfire-resilient microgrid in California

Calistoga Resiliency Center receives $28 million project financing Energy Vault Holdings has secured $28 million in project financing for the Calistoga Resiliency Center (CRC) in California, according to a press release published by Energy Vault Holdings. The financing includes the completed sale of an Investment Tax Credit (ITC) tied to the project. This facility has […]

Energy Vault achieves successful close of $28 million in project financing for the Calistoga Resiliency Center, the world’s first ultra long duration hybrid green hydrogen energy storage microgrid serving California’s PG&E – Oil & Gas 360

(Oil & Gas 360) – $28 million project financing, inclusive of the completed sale of the Investment Tax Credit associated with the project, returns cash back to Energy Vault’s balance sheet for the first resiliency center deployed in California (Calistoga) for PG&E to reduce wildfire risk and manage Public Safety Power Shutoff (PSPS) events This strategic financing is the first of other project financings underway and demonstrates successful exec