Earlier quoted context omitted.
Sure much better, this California push is a subsidy for battery storage. Not a economical choice. Pumped storage has even the advantage of that it can be implemented during construction of hydroelectric power plants, you just need the interconnected grid, but you will need the grid either way with renewables. In other words: you don't need to build a reservoir. You just need to pump back of the exit of a already exis…
This is flat out wrong, the cost per MWh for stored electricity compares favorably to the natural gas peaker plants that it's replacing, at least when they're built on a usual schedule. I would also like to see evidence for th claim about reusing existing hydroelectric plants, because that does not seem to be consistent with anything I've seen before. It would be very welcome news to me!
Discussion with example here: http://e360.yale.edu/features/for_storing_electricity_utilit...
Economic comments here: http://large.stanford.edu/courses/2014/ph240/galvan-lopez2/