It doesn't matter that if solar/wind is cheap (or even zero) because you still have to have an alternate power source for when your intermittent power has gone AWOL. You need cheap grid-scale storage, which doesn't exist at the moment.
In some news article they say Energy Vault uses 35-ton blocks hoisted up to ~150 m - while it sounds impressive, that's only 14.3kWh (assuming 100% conversion efficiency), or about 1/7 of a single Tesla Model S (100kWh).
As another poster said, gravity is relatively weak compared to the other forces.
Bath County, VA: capacity 24GWh, since 1985
https://en.wikipedia.org/wiki/Pumped-storage_hydroelectricit...
Dinorwig Power Station, Wales: capacity 9.1GWh
https://www.theregister.co.uk/2016/05/16/geeks_guide_electri...
Worldwide, today
https://en.wikipedia.org/wiki/List_of_pumped-storage_hydroel...