When electricity demand is low, the grid operator uses the excess to pump water uphill. When electrity use is high, the water flows back down into the Connecticut River. Horthfield Mountain can deliver just over a gigawatt of energy for eight hours with the generators running at full bore.
It was originally built as a complement to the (now-decomissioned) Vermont Yankee nuclear power plant. That plant generated 0.6 gigawatts continuously, and functioned most efficienty if it wasn't ramped up and down to meet instantaneous demand. So, the storage facility provided a way to vary the power output from the grid.
The Times piece contained these words:
...utility-scale lithium-ion batteries cost 26 cents a kilowatt-hour, compared with 15 cents for a pumped-storage hydroelectric project. The typical household pays about 12.5 cents a kilowatt-hour for electricity.
It's a little misleading. The 26 cents and 15 cents figures are for capital expenditure to build storage capacity, which can then be used over and over (for 45 years in Northfield Mountain's case). The 12.5 cents is for a kilowatt hour consumed.
Also, I fear the 12.5 number represents lazy journalism. The current residential rate in Los Angeles is 17.8 cents/kWh, and in New York City (home of the Times) it's 21.0 cents/kWh. Rates vary a LOT geographically.
I hope journalists can learn to understand energy economics better, because they are a way for the rest of us to learn about them. And learn about them we must when fossil fuel use diminishes.