An energy storage and regeneration system that converts irregular, non-constant, and variable input power to regular, constant, and controlled output power using hydraulics whereby the irregular input power is used to pump hydraulic fluid into an accumulator array where it is stored pressurized. Energy is released in a controlled fashion using a hydraulic motor operated by the pressurized hydraulic fluid from the accumulator array, in accordance with the specified power demand. One or more power units may be deployed depending on the amount of energy required at the output. Each power unit includes a hydraulic motor and associated floating accumulator whose internal pressure is controlled to maintain a substantially constant pressure differential across its associated motor. The system can be integrated into various energy system sources including renewable energy such as wind, PV or thermal solar, wave, tidal, etc. as well as various types of vehicles such as cars, trucks, motorcycles, trains, boats, etc.