Energy storage

If there is 584/1000 * 1000 * 9.81 * 4000 = 22916160 Joules of potential energy available from an object, and it falls during 1800 seconds, that gives you an average of 12731.2 Watts over those 1800 seconds. You would subtract from that losses like friction.

The eventual speed of the falling weight is after most of it is used to power the generator, so you can’t use that, other than perhaps in calculating how much hydrodynamic losses it still experiences at those speeds.

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