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.
ARTICLE EXCERPT FROM STANFORD NEWS | BY MATTHEW VOLLRATH In the winter of 2019, Kemp Gregory, a graduate student in Civil & Environmental Engineering at Stanford University, got a call from Walker Colt. Friends since … Stanford students turn oil wells into batteries, bring solar to Nigeria in energy entrepreneurship class
This article was published by in the Tyler Morning Telegraph on November 1, 2021, and was written by By Jessica Dillon. ARTICLE EXCERPT FROM TYLER MORNING TELEGRAPH | BY JESSICA DILLON Stefan Streckfus and Kemp … Stanford men find an unlikely home in East Texas at PCDworks’ Hard Tech Base Camp
Through the technology she wields, old oil and gas wells will eventually become a source of renewable energy to strengthen power grids. From the minds of two men who met while in graduate school at … Stanford almuni create prototype to strengthen power grid at business incubator in East Texas