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Stock impact report

Eagle Point Closes Financing with Energy Vault as it Commissions the Calistoga Resiliency Center, the Largest Utility-Scale, Ultra-Long Duration Energy Storage Facility in the World [Yahoo...

Energy Vault Holdings, Inc. (NRGV) 
Company Research Source: Yahoo! Finance
GREENWICH, Conn., April 08, 2025 BUSINESS WIRE )--Eagle Point Credit Management LLC ("Eagle Point"), an investment manager focused on specialized private credit strategies, today announced that it has provided $28 million in project financing to Energy Vault, a leader in sustainable, grid-scale energy storage solutions, to support the development of its Calistoga Resiliency Center ("CRC"). The facility is 100% sustainable and will provide the city of Calistoga with an alternative power source in the event of a Public Safety Power Shutdown ("PSPS") when Pacific Gas & Electric ("PG&E") service is offline, helping to reduce the risk of power failures from wildfires. The financing includes the completed sale of an Investment Tax Credit (ITC) associated with the CRC. Designed, owned and operated by Energy Vault, the Calistoga Resiliency Center is the world's largest utility-scale, ultra-long duration energy storage project. The innovative hybrid green hydrogen and lithium-ion battery en Show less Read more
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