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Vinson & Elkins represented Energy Vault Inc. in an approximately $28 million loan and subsequent note purchase in connection with the financing of the Calistoga Resiliency Center project, a hybrid hydrogen and battery energy storage and hydrogen fuel cell electrical power generation facility located in Calistoga, California and capable of delivering 8.5 MW peak power and 293 MWh over a 48-hour period without refueling while generating.
Vinson & Elkins is advising Palmetto Solar, a leading climate technology company accelerating the adoption of clean energy, in connection with a project to facilitate the installation of residential solar and battery storage systems for disadvantaged Puerto Rican households.
Vinson & Elkins advised Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, in a six-year $300 million senior secured term loan and a two-year delayed draw term loan commitment of an additional $100 million extended to Clean Energy Fuels Corp.
Vinson & Elkins advised Swift Current Energy in connection with the project financing for its 800 MWdc (593 MWac) Double Black Diamond Solar project.