Methods for generating electric power and a discharge fluid from an oxidant and a reducer using a discharge system, and regenerating an oxidant and/or the reducer from the discharge fluid using a regeneration system are provided. A discharge unit of the discharge system generates electric power and the discharge fluid by transferring electrons from a positive electrode of a 5-layer electrolyte-electrode assembly (5EEA) to an aqueous multi-electron oxidant (AMO) and from a reducer to a negative electrode of the 5EEA. The regeneration system neutralizes the discharge fluid to produce a salt form of the discharge fluid. The regeneration system electrolyzes the salt form of the discharge fluid into an intermediate oxidant in an electrolysis-disproportionation reactor and releases the reducer, while producing the AMO by disproportionating the intermediate oxidant. The regeneration system converts a salt form of the AMO into an acid form of the AMO in an ion exchange reactor.