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Great summary.  I think it's worth throwing in another factor - the weight of the fluid being pumped up and down the hill.

All the engineering assumptions use water as the medium.


What if the medium was a fluid 2.5 times heavier than water ? Suddenly you can achieve the same output with a lower head and/or lower volume. The engineering requirements become significantly smaller.


This is not a thought experiment.  A UK company has developed such a process and is commercialising it.


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