Could depleted oil wells be the next step in energy storage?

Power-Technology.com - Quidnet Energy is hoping to revolutionise energy storage with its underground pumped hydro concept, which uses abandoned oil and gas wells to store and release pressurised water, driving turbines and feeding electricity back into the grid. How does the concept work and how far could it go? Quidnet co-founder Aaron Mandell explains.

As the cost of renewable energy continues to decline and intermittent clean power sources such as wind and solar gain ever an ever larger foothold in the global energy mix, the ability to store energy that can be quickly dispatched when needed has become as important as the development of renewables themselves.

Robust storage options could allow for greater integration of intermittent renewables, as they facilitate flexible capacity-building that relies far less on coal and gas-fired plants for baseload generation, meaning energy storage is a key step in the journey to wean the world off its fossil fuel addiction.  Full Interview:

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