Earlier quoted context omitted.
"Also, we already have gravity-based systems, only nature does all the work of raising the payload for us in gaseous form, and we let it fall in liquid forms. But it takes so much dam place" We actually also do have self created gravity-based systems, where we also do the work by ourself, to have a energy storage on demand: https://en.wikipedia.org/wiki/Pumped-storage_hydroelectricit... They work reliable and with bi…
Side note on what is currently existing with gravity. The suiss folks are gaming the west European energy market this way. When the French produce too much nuclear energy, the German have leftover and stop buying it 100%w Price go down. Swiss buy it cheap and pump water in their dam system with it. Inevitably, the french grid align and produce a bit less. Price goes up slightly. That when the suiss comes out, release…
How much of a swing in pricing are we talking about here? Because that storage mechanism is maybe 80% efficient. So the price swing would have to be at least that big to break even. And in that case, if they are helping to smooth out swings in demand that are that large... Sounds like they're providing a valuable service.
https://en.wikipedia.org/wiki/Pumped-storage_hydroelectricit...
EDIT: Keep in mind that electricity is entirely fungible. This is no different than the Swiss turning on a power plant when prices are higher. Except it would probably be too expensive to have a power plant just sitting there idle when the price isn't "high enough".