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Woah, I've never seen /morig/ chuubanite get discussed this much without me being there, it's kind of nice.
Well, I don't have any particular authority in the matter, as /morig/ doesn't have a rep. But I did write the entries on the diamonds, and was involved with coming up with the chuubanite-powered explanation to the coldness of the Underworld (which only spans a region around Mt Mori, not the whole island, see the /morig/ climate lore).
So, it wasn't the specific intention for the chuubanite to store energy, I was intentionally ambiguous about what happens to this energy because I knew that all this stuff was undecided. As far as I'm concerned the energy can go power the volcano, get stored in a chuubanite battery, be annihilated, be converted into magic quanta, be sent to the Heavens, or stuffed directly up Mori's ass that'd be kinda hot.