Earlier quoted context omitted.
> Energy Dome expects its LDES solution to be 30 percent cheaper than lithium-ion. Grid scale lithium is dropping in cost about 10-20% per year, so with a construction time of 2 years per the article lithium will be cheaper by the time the next plant is completed
Li-ion and even LFP batteries degrade; given a daily discharge cycle, they'll be at 80% capacity in 3 years. Gas pumps and tanks won't lose any capacity.
The fact that pumps, turbines, rotating generators don’t fail linearly doesn’t mean they are not subject to wear and eventual failure.