WBUR has a great piece on a pumped-storage hydroelectric station carved into Northfield Mountain:
http://www.wbur.org/bostonomix/2016/12/02/northfield-mountain-hydroelectric-station
These will only become more important as peaky sources like solar and wind make up more of the electrical system.
Scipio -- Yes and No -- they are very much needed for unreliable sources like wind and solar
However, they are not cost-effective as currently designed -- the capital cost is very high -- you need essentially full continuous utilization to make it pay
Northfield was built in a different era -- Northeast Utilities [today part of Eversource] had built a whole bunch of big Nukes along the Connecticut Shoreline including the last and most expensive Millstone III [1150 MWe in 1986] -- the 3 plants at Millstone and the other Nuke, CT Yankee [582 MWe] at Hadam on the CT River ran continuously 24x7 producing 3300 MWe. Great for the busy industrial economy during the day. However in the middle of the night total demand in the CT River Valley was far less than the total generated by the Nukes. The result was that there was a generating surplus and no easy way to get it to where it might be used.
Northfield was the result -- run some high voltage high capacity wires along the CT River to a High Voltage / High Power Switchyard. Find a lake [or build one], dig a deep hole run some pipes down to a lower reservoir, install pumps/turbines turned / turning by motors/generators and you have a solution.
At about 9 PM you start pumping and pump until about 5 AM. At 6AM just as people are making coffee and turning up the heat you start draining and continue more or less during the day and on through rush-hour until finally people are finished cooking and demand begins to fall precipitously .....switch over to pumping and the process starts again. On weekends you do less draining and less pumping as demand never gets as large. This ideal as the capacity is always there, winter or summer.
However, it only works well for a predictable system -- it takes some time to reverse everything. As a result its not really very good for wind which is too unpredictable. Its not ideal for solar either, as the peak output of the solar arrays [few hours around local noon] is close-enough to the peak in demand that there is no really good extended pumping period with time available for the change-overs.
Perhaps by modifying the design of your pumped storage reservoirs and equipment -- you could engineer a pumped storage optimized for wind and solar.
During the Day you would use excess solar for pumping from 11 to 2 [local time] with draining beginning around 3 and going until 9.
Starting at 9PM [local] you would convert your plant to be optimized to use night time wind from 10 PM until 5AM -- when you would get ready to drain from 6AM until about 10 AM.... and be ready to convert to solar.
The problem comes when you have a cloudy day in the winter -- so no sun and then after the passage of the cold front [and some wind] it gets clear, cold and calm. So the demand peak shifts as heat comes on early and there is minimal reserve. In the summer you can have days with a lot of sun and a lot of heat, hence a lot of demand -- but no wind at night. You can also have summer hazy, hot, humid and cloudy for days at a time -- again no wind and less than full solar.
As a result -- You might have to build much bigger than Northfield with the capacity of the system designed around a 3 or 4 day aggregate demand with no net supply. This in turn means a much bigger reservoir and much greater siting difficulties.