Energy Vault Holdings shares fall 2.19% intraday after securing additional $50 million in corporate debenture financing.

Energy Vault Holdings, Inc. declined 2.19% in intraday trading. The company recently secured an additional $50 million in corporate debenture financing from YA II PN, Ltd., providing financial flexibility for continued growth in energy storage project development and execution. Additionally, Energy Vault Holdings Inc. and Pacific Gas and Electric Company announced the successful completion and commercial operation of the Calistoga Resiliency Center, a hybrid microgrid energy storage facility in Calistoga, Calif. This project integrates advanced hydrogen fuel cells with lithium-ion batteries, offering a sustainable solution to address power resiliency amid wildfire risks.