A geo-energy production system and method extracts thermal energy from a reservoir formation, and stores either thermal waste heat or excess heat in a storage zone of the reservoir formation. A compressed fluid injection injects an unheated, compressed working fluid into the storage zone. A fluid injection well injects a working fluid laden with thermal waste heat or excess heat into the storage zone. The storage zone is located below a caprock layer and above a native brine zone of the reservoir formation and is partially circumscribed by a hot brine storage zone. The compressed working fluid assists with a withdrawal of pressurized brine residing below and/or to the sides of the storage zone. A compressed CO2, N2, or air production well helps to remove compressed working fluid from the storage zone for use in power production.