Pumped storage is awesome and the most cost-efficient way to store energy. It's used as much as possible, but...
I attended a USGS [1] talk about dams (in California) a few years ago.
The key takeaway is: all places worth damming have been dammed. There are no more dammable places, hydrologically and geologically speaking.
When I drive through the central valley, I see a lot of roadside signs about "build more dams!" It's sad to see the miscommunication...
[1] https://www.usgs.gov/science-support/communications-and-publ...
(I cannot immediately find a link to the specific talk. USGS is fun: full of crusty geologists, who even in the heart of the Silicon Valley aren't particularly technologically sophisticated (a nice reminder of how niche we all are) )
Australia is doing exactly this with "Snowy 2.0" (by connecting existing dams).
https://www.snowyhydro.com.au/snowy-20/about/
350,000 megawatt hours of energy storage, which is enough to power 3 million homes for a week, or (if there was enough generation/transmission capacity to get the energy in/out fast enough) the entire nation for 12 hours.
https://www.powerengineeringint.com/renewables/kauai-island-...
The alternative is another form of gravity battery, often involving railway on a hillside and cars loaded with stone.
> The power plant, rated at 451 MW
That's a damn big battery. I love pumped storage, too bad it's not used more.