We’re creating the nation’s lowest cost, highest GHG-abating, most flexible energy storage network by re-purposing oil and gas infrastructure.
The oil industry has a big problem that has been ignored for far too long: millions of idle oil wells leaking emissions with high cleanup costs. In this problem, Renewell sees opportunity.
What if we could repurpose idle oil and gas wells to simultaneously reduce emissions, incentivize cleanup, and create revenue streams for well owners? By converting old oil wells into gravity energy storage devices using our patented gravity energy storage technology, we’re giving the environment, the oil industry, and the electric grid a win, win, win. Our solution truly creates oil wells that end well.
A new resource for businesses seeking clean energy is emerging in the form of long-duration energy storage systems. Long-duration systems can produce electricity from wind and solar resources on a steady basis, regardless of the … Long-Duration Energy Storage Connects the Wind and Solar Dots in Texas
Renewell Energy is taking an innovaative approach to repurposing old wells for new energy storage.
Bakersfield startup Renewell Energy is working on its first commercial system using renewably powered winches to lift weights from near the bottom of oil wells.