Russ -- Thanks for taking the time to consider this idea.
You had mentioned in your previous post that there would be energy required to expel the water at 300 ft., and Brewnog mentioned something about energy required to pump the air. Perhaps I need to better explain the system.
The columns of water are raised above ground, perhaps in concrete reinforced pens. Beneath these raised water columns would be a volume of pressurized air, with timed nozzles at the base of the water column.
As the rising vessel nearly reaches the surface, its lid is mechanically opened, releasing the air. At that same instant, the lid of the lowering vessel is mechanically closed, and the air nozzle below it is activated, filling the vessel with air, naturally expelling the water. This vessel begins to rise, and its now emptied twin vessel begins to sink, its lid still open to prevent drag. The elements of the system could also be made of a buoyant-neutral material, such as a hardened plastic, and using a high-salinity liquid would also increase the efficiency of the system.
The only energy input required in this system is the energy required to pressurize the air in the tanks beneath the water columns. All other functions within the system could be handled completely through mechanical means. I was even thinking that the energy required to pressurize the tanks could come from solar energy, creating a truly green system. But of course, the ideal is a closed system.
So I guess the real question becomes how much energy is required to compress X amount of air, and how much energy would be produced by running X through such a system.
The “free” energy in this system comes from air’s natural buoyancy. By utilizing this property in a raised column of water, its full force is being tapped. And since the whole system is above ground, no energy is needed to pump energy to depth.
Maybe this helps make more sense of things.