SPE Live Podcast: Repurposing Idle Oil and Gas Wells to Thermal Energy Storage Systems
Repurposing Idle Oil and Gas Wells to Thermal Energy Storage Systems for Long Duration, Dispatchable and Distributed Electricity Delivery. There are over 39,000 idle oil and gas wells in California. State and local regulators apply pressure to abandon these wells, but their abandonment comes at a significant and often underfunded cost, and many are sources of actual or potential methane emissions. Converting these assets to Thermal Energy Storage Systems (TES) permanently seals off emissions, provides Long Duration Energy Storage (LDES) and leverages tax credits available in the Inflation…
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