There was an "Undecided with Matt Ferrell" on YT some weeks back that mentioned a dumb version of it somebody at a university promoted.
That one had the winch and motor / generator at the sea floor, and a big rack of floats. It was, of course, too expensive. This is a common feature of energy storage ideas: people seem to love to promote the most stupidly expensive version of a good idea, and then give up when it is shot down for that.
Certainly, any scheme where you put complicated electromechanical stuff on the sea floor, it will be expensive. And likewise, where the expensive part is only usable with one "unit" of storage. Or anyway it just costs too much or needs perfect weather or something. (E.g., Energy Vault (NRGV) is stupid and their investors will lose their shirts.)
But there is usually a simple variation that lacks these problems.
That one had the winch and motor / generator at the sea floor, and a big rack of floats. It was, of course, too expensive. This is a common feature of energy storage ideas: people seem to love to promote the most stupidly expensive version of a good idea, and then give up when it is shot down for that.
Certainly, any scheme where you put complicated electromechanical stuff on the sea floor, it will be expensive. And likewise, where the expensive part is only usable with one "unit" of storage. Or anyway it just costs too much or needs perfect weather or something. (E.g., Energy Vault (NRGV) is stupid and their investors will lose their shirts.)
But there is usually a simple variation that lacks these problems.