Press Release
Posted:
Calistoga, CA – Today, Rep. Mike Thompson (CA-04) joined the City of Calistoga, Energy Vault, and Pacific Gas & Electric Company (PG&E) to mark the opening of the new Calistoga Resiliency Center. Thompson’s green energy tax credits funded $28 million for the project.
“When our community faces wildfire threats and undergoes public safety power shutoffs, the Calistoga Resiliency Center will provide critical, clean backup power to our community, helping us keep people safe while reducing carbon emissions.
“I’ve long been a proponent of adopting clean energy and I was proud to write the green energy tax credits included in the Inflation Reduction Act, which marked the largest investment in climate action that our country has ever seen. I’m even prouder to say that one of my green energy tax credits funded $28 million for this project. Innovative projects like the Calistoga Resiliency Center are exactly what I had in mind when I designed these tax credits.
“That’s why I am so outraged that the President and Congressional Republicans gutted these tax provisions in their recent big, ugly law. I’ll continue to fight to restore these investments so our district, state, and country can continue to benefit.”
BACKGROUND
The newly built Calistoga Resiliency Center is the world’s largest utility-scale long duration energy storage project using both green hydrogen and lithium-ion battery technology. The Calistoga Resiliency Center is designed to provide critical backup power to the Calistoga community during Public Safety Power Shutoff events, wildfires, and grid emergencies.
Energy Vault leveraged an Investment Tax Credit to finance $28 million for the project. Thompson authored the legislation responsible for these credits, which passed in the 2022 Inflation Reduction Act.
Across our country, Thompson’s tax credits have helped create 400,000 new jobs and spur $400 billion in clean energy investments. In early July, The President signed H.R. 1 into law, rolling back and restricting these green energy investments.
Californian families are expected to see an up to 18 percent rise in energy costs as a result. Working families in California will pay, on average, $320 more per year.