SB 567: Gravity-Based Energy Storage Well Pilot Program.

The bill establishes a pilot program to convert idle oil and gas wells into gravity-based energy storage wells. The program aims to evaluate the use of these wells to generate energy while ensuring environmental safety. Operators of gravity-based energy storage wells must provide information demonstrating the well's suitability for energy storage and follow specific operating conditions. Mechanical integrity testing of wells is required before and after conversion, and operators must notify authorities in case of a loss of mechanical integrity or a leak. Gravity-based energy storage wells must be continuously monitored for leaks, and operators must report annually on their operation. The program will end in 2035, and the state will evaluate its effectiveness and make recommendations for an ongoing program. Operators of gravity-based energy storage wells will be subject to an annual char…