Why lithium ion batteries — are they much cheaper to make than new gravitational potential (i.e. hydroelectric) storage systems?
For example, look at the demand graph here for yesterday (11 July 2019):
http://www.caiso.com/TodaysOutlook/Pages/default.aspx
Demand goes above 35 gigawatts at 3:30 in the afternoon and is back below that level by 7:00 PM, 3.5 hours later.
Battery systems are useful for shaving off that daily peak. They reduce the need to activate more expensive and more polluting open cycle gas turbines that have typically been used as peakers. It will be a few years more yet before solar plus storage systems can make a significant dent in the use of more efficient combined cycle gas turbine generation.