First off, how would converting from 50Hz to 1Hz and back be easier than converting DC to AC and back?
Second, why would storing energy at 1Hz be easier than storing it at 50Hz?
Third, do you think that the storage elements (tank circuit) would actually be SMALLER than batteries with comparable capacity?? Just as a quick reality check, in a resonant circuit, the energy goes back and forth between voltage on the capacitor, and current through the inductor - so at one point in the cycle, all the energy is contained in the capacitor. Go look at the energy capacity of a big capacitor, and then compare it to the capacity of a similar-sized (physically) battery. Add in the huge inductor that's going to be the other half of the resonant circuit, and the battery is going to very easily win for capacity vs. size - plus, again you have the issues of the significant losses in the resonant circuit making energy storage impractical for the periods of time you're looking for, even if you didn't care how big and expensive your storage elements were.