Abstract: The invention relates to a system for energy storage and recovery, comprising: at least one compressed-air tank, at least one pressurized-water tank in communication with the compressed-air tank, at least one turbine in effective communication with the at least one pressurized-water tank, a generator for generating electrical energy, a high-pressure pump for pumping water from a water reservoir into the pressurized-water tank. According to one aspect of the invention, the turbine in effective communication with the at least one pressurized-water tank is a reaction turbine, which is connected in series with a constant pressure turbine in such a manner that a drive shaft of the reaction turbine is connected to a drive shaft of the constant pressure turbine and a drive shaft of the generator, and the constant pressure turbine is arranged between the reaction turbine and the generator, wherein the generator includes an interface for connection to a public power grid.