About a year ago, I was lucky enough to be invited to a meeting of the executive team of ARES, Advanced Rail Energy Storage, a company with a unique concept that competes against pumped hydro. I hope you’ll check out the website; it tells the story very well, and offers two very solid videos.
ARES most definitely offers advances over its competition, largely, that it doesn’t require water, which is scarce in parts of the world in which the demand for storage is the greatest, e.g., the deserts of the Southwestern US. Having said that:
1) Insofar as the concept embraces materials and technologies that are fairly commonplace, the cost per Watt, as well as the cost per Watt-hour, will not come down over time to keep pace with higher-tech solutions, e.g., batteries.
2) I don’t have my wits wrapped around the business elements of energy storage as they exist now, let alone how they may exist in the future. In particular, storage benefits all stakeholders: generation, transmission, distribution, and rate-payer. I suppose that’s a good thing. But who’s going to pay for it? The discussion, historically, has been a tricky one.
In any case, I know and respect a number of the people involved here, and I wish them well. If anyone’s interested in speaking with them, please let me know.