Here's a link to an interview with James Mcnaughten, CEO of energy storage company Isentropic.
http://www.thenakedscientists.com/HTML/content/interviews/interview/1000709/
Isentropic are developing a revolutionary method of storing large amounts of energy using relatively common materials. The idea being to store energy produced by renewable energy when the ouput is higher than the demand, thus smoothing out the variability when renewables are used on a larger scale. Because the materials used are not exotic, the costs are predicted to be similar to hydro-electric pumped storage systems.
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