$5 Million CEC Grant Celebration
Celebrating Renewell Energy's major milestone in clean energy innovation
May 9th, 2025
Renewell Energy: Journey of Innovation
Transforming inactive oil wells into clean energy storage solutions
2019
Seeds of Innovation at Stanford
Kemp Gregory begins exploring the intersection of policy and innovation, laying the groundwork for Renewell Energy.
2020
Working on the Problem Through Stanford Climate Ventures
Inspired by the Gravity Light concept, Kemp Gregory and Stefan Streckfus envision repurposing inactive oil wells into gravity-based energy storage systems.
2021
Joining the HAX Accelerator
Renewell Energy is accepted into the HAX Accelerator, refining their hardware innovation and securing seed financing.
2022
Launching the Artemis Prime (ARTY) Pilot
The company initiates its first pilot project, Artemis Prime (ARTY), in Bakersfield, California to test the feasibility of their energy storage solution.
2023-2024
Begin Building Commercial Pilot (ALPHA)
The team's resilience and adaptability is shown throughout the course of building ALPHA, which came with it's fair share of challenges.
2024
Regulatory wins
Renewell Energy capitalizes on supportive legislative changes in New Mexico and plans expansions into Colorado.
2025
Securing a $5 Million California Energy Commission Grant
The company is awarded a $5 million grant from the California Energy Commission, recognizing their innovative approach to energy storage.
