Renewell Energy
Bakersfield
About Renewell Energy
Renewell converts idle oil and gas wells that need to be plugged into gravity-based, flexible energy storage by lowering a weight (connected via wire rope to a regenerative winch) down a repurposed wellbore to push electricity onto the grid when demand is high and raising it back up when demand is low. Renewell is based in Bakersfield, CA.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: $1K – $10K
- Total funding: $4.1M
- Funding stage: Seed
- Last round: Seed (Nov 2024)
- Website: renewellenergy.com
- Phone: [email protected]
Industries & Categories
Energy, Energy Storage, Environmental Engineering, Oil and Gas, Renewable Energy
Social Profiles
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