Raw materials can be very pricey in small quantities. It is only when utilized in larger quantities that mass production techniques can be used to lower the price. What you are talking about is using materials to the point of scarcity and the short term response to rising demand. In any industry a stable rise in demand will be met with more production lowering the cost of production and the selling price.
Steel and concrete are already produced in quanteties and they don't get cheaper if you need 20% mode. It is more that both need quite some energy that the costs there are expected to go up.
For the compressed air tanks I take steel as the baseline, as this is the industry standard and it would be odd if there is something much cheaper and not used instead. The numbers for the air battery are so poor that even a factor of 10 reduction in the price would hardly make them really competative (a factor 100 may). Assuming multiple new technologies with unrealistic improvement on existing state of the art is a common thing for doggy technology scums.
I've never seen any real numbers talking about even 2 cents per kWh for solar or wind much less 1 cent. The fuel cost is more than that much for fossil fuels.
New large scale PV and wind installations reach costs of some 5 cents (sometimes 3 cent's at a good location) for the year round average. This is comparable to fossile fuel costs - so what. The problem with large scale use is that lack of storrage and thus not a fixed year round value. In times of high demand they get a higher price (e.g. up to 50 cents) and in times of excess supply they have to give it away essentially for free (at lest well below the average costs) unless there are government subsedies. In Germany the whole sale electricity price occasionally even gets negative, because there is not enough storage capacity to use it and small scale PV usually does not turn off because they get paid a fixed rate (subsedies).
They don't need to install extra PV to provide electricity just for storrage. The PV installation would still make most of there money in times when no storrage, or only the daily cycle is needed. The long term storrage would use the surplus in times of excess.
Storage lives from the variations and it will work against variations in the price. However with a reduction in fossile power plants there are also factors to make the supply more variable and thus cause more variations. There will be a balance somewhere, when the price variations are so to make extra storrage about profitable. For most of the part the prices would adapt and the lowest cost storrage will have a chance, even if that means getting the excess energy for free or very high rates in the peak times.