Renewell Energy

United States
Bakersfield, California, United States

Company profile

Renewell Energy company profile

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.

Business identity

Contact email
[email protected]
Operating status
Active
Company type
For Profit
Employee range
1-10 employees
Revenue range
$0-$1M
Founded
2020-05-01, Month

Headquarters

Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
Seed
Funding rounds
5
Total equity funding
$4.1M
Last funding
Seed / 2025-11-25
Last equity funding
Seed
Investors
7
Articles
10

Founders and investors

Investors

HAXPreston-Werner VenturesSOSVThird DerivativeThird Sphere