The idea of using compressed air to store energy is not new at all though.
Compressed airs been around for 40 years, Hydrostor CEO Curtis VanWalleghem toldCanadian Manufacturing.
We open it up to thousands more sites because we use hydrostatic water pressure.

Excess electricity is converted into compressed air at the energy facility and transferred to the balloons for storage.
The technology is scalable and, unlike competing battery storage solutions, does not use any toxic substances.
The G20 is talking about getting off fossil fuel by 2050.

source: www.techworm.net