SB 567
Gravity-Based Energy Storage Well Pilot Program.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill establishes a pilot program to explore the use of existing oil and gas wells as gravity-based energy storage wells. It would authorize the conversion of up to 250 wells, requiring operators to meet specific criteria and undergo rigorous testing and monitoring. The program aims to evaluate the feasibility of this innovative energy storage method, with recommendations for a potential ongoing regulatory framework to be developed by 2033. Operators will be subject to annual reporting and fees to cover regulatory costs.
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