Earlier quoted context omitted.
I know a fellow who is running a startup that moves a (very) heavy weight up a hill, and going back down it provides power. He says it is something like 90% efficient at energy recovery, whereas pumped water is far less due to friction in the pipes. He also said the inertia of a falling weight is enormous, and would help stabilize the grid.
It’s actually not a good idea at all. When you do the math ( or rather the physics) gravity batteries need so much mass and height to compete with other technologies that it’s just not worth it. Now if you use water, pipes and pumps, instead of solid materials, now we’re talking. It’s called pumped hydro storage and is the number one grid scale storage in the world.
It is #1, just now, because a lot already existed. They cost a great deal to build, back when. New ones would cost as much, but a small variation is much cheaper, not needing a dam or a watershed.
A small variation on a bad idea can be a very good idea.