Batteries are scheduled to become so cheap that these type of physical storage systems just won't be able to keep up in terms of cost.
Most pumped hydro projects are now put on hold as batteries have been coming down.
https://www.elevenenergy.co.uk/#sodium-ion
They are larger than lithium batteries, but potentially cheaper and better performing around temperature extremes.
Example: Lifting a 10-metric-ton stone by 36 meters stores just about 1 kilowatt-hour (kWh) of energy. This is roughly equivalent to the capacity of a small power station used for a camping trip.