Basically the simplest accumulator consisted of a very large weighted piston lifted by hydraulic pressure, which when released allowed the weight to fall pressurising the system, a spring, gas pocket and many other devices have been utilised.
https://en.wikipedia.org/wiki/Hydraulic_accumulator
Theoretically you could pressurise anything to act against the hydraulic medium or even (Theoretically)make an accumulator the size of a Gasometer with hundreds of feeds into and out of it if you wished.
An accumulator can hold energy for the length of time the valves are closed it is indeed both a transfer of energy and storage, as that energy can be released at a time of your choosing,
Since they can theoretically be made on such a large scale (but much more likely of a smaller size in a matrix) and are completely reliable efficiency isn't such a critical factor.
No battery technology can hope to store the amount of energy that a Matrix of accumulators that equal the capacity of a Gasometer sized Hydraulic accumulator can retain, can it?
And the stored energy can be released and controlled very simply with no environmental impact, in the case of the Hull Hydraulic power station the water passed though the three cylinder engines, and of course the hydraulic rams where they were used and back into the River Hull