Earlier quoted context omitted.
pumped storage is still significantly cheaper for seasonal storage. The cut off is about 2 weeks now -- if you need to pull from storage more than twice a month batteries are cheaper. If you need to pull from storage less than twice a month pumped storage is cheaper.
I meant it's cheaper when considering building an entirely new pumped storage facility, vs battery storage.
More concretely, https://en.wikipedia.org/wiki/Fengning_Pumped_Storage_Power_... was built for about $50/KWh. Which is about the same price as batteries.
But that's a daily storage facility. If you undersized it's pumps so it took weeks to refill rather than ~10 hours to make it a seasonal facility, it would have been significantly cheaper.