Gravity Well

Distributed Storage, Gravity-based Energy Storage , Modeling/Simulation, Subsurface

Renewell leverages pre-existing infrastructure (wellbore vertical drop, electrical infrastructure from previous pumpjacks, communications networks, and roads) to create the lowest cost energy storage on the market (capital cost = $63/kWh). We retrofit already grid-connected inactive wells with a proprietary gravity-based mechatronic energy conversion system and an intelligent controls platform for remote monitoring and control. Renewell will partner with utilities and developer companies to seal and convert 33% of the idle wells in the US into 132GWh of storage (could power the entire US for 2 weeks), decrease the idle well population, reduce methane leakage, and provide best-in-class energy storage services.

Hardware