It strikes me that heat has the problem that it always loses energy in its “stable state” because the surrounding environment absorbs the heat, and gravity doesn’t have this problem.
It strikes me that heat has the problem that it always loses energy in its “stable state” because the surrounding environment absorbs the heat, and gravity doesn’t have this problem.
Heat sinks meanwhile can be built wherever you have a big rock by drilling some holes. Additionally, gravity definitely does lose stored energy in its "stable state", through evaporation and water entering the water table. Losses depend on geology and local climate, but it's not negligible.
Not to say that pumped hydro is a bad technology, it's just got it's own challenges and uses. It's most applicable in the form of electrical grid storage. But specifically on the scale of keeping towns and cities warm, heatsinks outperform almost across the board.
Look at https://www.whitepinepumpedstorage.com/ and the sizes of the upper and lower reservoirs there. This is to be a 8 GWh, 1 GW facility.
Either way, the details page[1] supports all of my above points. It even comments on the page how rare it is to find a suitable site like the one they've chosen.
That is big for time-shifting daily energy usage, but way too small for seasonal energy storage
Compressed air storage is another one that's pretty good, but it's only particularly good if you can store it in underground caverns or unused mines, so it's also geography dependent.
For longer term storage, producing hydrogen can be a good one.
And batteries are actually fast becoming competitive with some of these options from the other end, generally better for shorter term storage but getting better at longer term. Even shorter term, flywheels can be a good option.
There's room for several different types of grid-scale energy storage, based on how efficient they are at different energy storage periods and numbers of charge-discharge cycles, and also in some cases on local conditions, like the availability of terrain and water sources for pumped hydro.
There's a good paper here which shows what the most efficient energy storage systems are for various combinations of length of storage (hours per discharge) against number of discharges per year, and for each one shows the current cost, and a predicted cost based on trends in technological advancements: https://www.sciencedirect.com/science/article/pii/S254243511...
There's a lot of the chart that is dominated by pumped hydro currently, but plenty of other storage technologies that are more cost effective on different timescales and numbers of discharges. But it looks like it's predicted for prices of battery storage and hydrogen storage to fall relative to the others, causing a different predicted landscape in 20 years.
And some of these, like pumped hydro, are dependent on geographic features, or access to certain resources, so even when one dominates overall, there can be others that dominate in particular geographical regions.
Either way, it just goes to show further that pumped hydro would be more efficient, when and where it is feasible.