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

$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