Systems and methods for releasing and replacing stored energy comprise capturing inlet air from the ambient environment so the inlet air flows in a first general direction. Released liquid air flows in a second general direction, the second general direction being substantially opposite to the first general direction. The released liquid air is pumped to pressure, and the released liquid air and inlet air flow past each other such that heat exchange occurs. The inlet air warms the released liquid air such that the released liquid air is substantially vaporized, and the released liquid air cools the inlet air. Moisture and carbon dioxide are removed from the inlet air, and the inlet air is compressed and cooled such that the inlet air is substantially liquefied. The substantially liquefied air replaces a portion of the released liquid air; and the substantially vaporized released liquid air is combusted with fuel to produce electricity.