Description: Renewell Energy is on a mission to clean up and repurpose idle oil wells for energy storage using our innovative gravity energy storage technology.
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 .