The invention relates to a gravity energy storage system. According to the structure of the gravity energy storage system, at least two vertical shafts are built underground, and the bottoms of the vertical shafts mutually communicate; a bidirectional water pump is arranged on a channel at the bottom of each vertical shaft, and each bidirectional water pump is connected with an upper water tank onthe ground through a water pipe and a water valve; rails are arranged above each vertical shaft, a gantry crane is arranged on the rails, and a lifting motor is installed on a base at the lower partof the gantry crane; the lifting motor is connected with a winding drum and drives the winding drum to rotate, and a steel wire rope is wound on the winding drum; and the steel wire rope penetrates through a fixed pulley set on the gantry crane and the rear tail end of a movable pulley set to be fixed on a gantry crane main beam on the upper portion of the gantry crane, a lifting appliance is arranged below the movable pulley set, and an energy storage block is hooked through the lifting appliance. According to the gravity energy storage system, electric power can be smoothly output, the occupied area is small, site selection is easy to achieve, no emission exists, pollution is avoided, the storage power is high, the efficiency is high, the service life is long, the problem of new energy grid connection can be effectively solved, and power fluctuation reduction can be effectively reduced.