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World’s largest thermal energy storage to be built in Vantaa, Finland
(www.vantaanenergia.fi)
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The problem with pumping is low energy density, especiall when compared to deating water. Heating 1 kg of water by 1°C requires 4186 joules of energy. So to store the same energy by "lifting" water, it would require 4186 j / (1 kg * 9.81 m/s^2) = 426 m of height difference. This value seems unbelievable, but I have triple checked it. And that is only 1 degree of difference, 50 degrees difference would equal 27 km of height difference.