Energy Vault: Green hydrogen project financing for Calistoga, CA expected in Q4

Energy Vault Holdings announced continued progress in executing its growth strategy unveiled during the May 2024 Investor and Analyst Day. The Company is focusing on addressing the largest markets and growth regions, delivering more predictable and recurring revenues, and driving strong growth and profitability. Key Highlights: Launching project financing for select U.S. projects, including the Calistoga Resiliency Center…”Energy Vault continues to execute on our strategic vision, positioning the company at the forefront of the global energy transition,” said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. …This move is expected to enhance the Company’s ability to capitalize organically and inorganically on emerging opportunities in the rapidly evolving energy storage market…Energy Vault has retained Jefferies LLC to assist the company with its project financing strategy, maximizing the value of available tax credits and optimizing capital deployment models.