alt Hacker NewsPumped storage utility is tied to duty cycle. You want one cycle per day with some overage, not one cycle per year. A lot of the cost scales with storage volume.
If you look at the pumped storage projects built and under construction in China, they are all daily focused.
To play devil's advocate: there are also some limited opportunities to retrofit large reservoirs with some amount of back-pump, when there's a sufficient reservoir at the bottom site. Not a ton, but a bit. However even those opportunities, that already have massive dams, may not be economically feasible because solar panels are just so damn cheap.
Solar's zero marginal cost generation, with cheap capital costs, requires rethinking a lot of the economics of electricity generation. Not paying for fuel changes so much, and it will take a while for people to internalize this.