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GAIA Host Collective
I meant the working fluid i.e nitrogen.
The big disadvantage right now is the cost of creating it.
The use of stirling engines help and as I said I'm investigating using hirsch vortex tubes. There are also acoustic refrigeration. Needless to say efficient condensation of gasses is not and area that has recieved a huge amount of research since regular compressors work well even though there not efficient. You can use other working fluids the only real requirment is the boiling point is lower then room temperature. The energy is from the phase change liquid->gas.
And the cost of LN2 is almost entirely the cost of the energy to produce it.
If I had the money, time, and patience to build an energy storage system in my garage, I'd go with nickel-iron batteries. Your energy out / energy in is only about 40% but they last forever, have no moving parts, and are beautifully low-tech.