1. The car brakes before a corner.
2. KERS recovers kinetic energy and stores electricity.
3. Such electricity powers the Oxygen concentrator air compressor which stores concentrated oxygen in a low pressure tank, releasing excess Nitrogen to the atmosphere.
http://en.wikipedia.org/wiki/Oxygen_concentrator
4. After the corner to accelerate on the straight the concentrated Oxygen tank valve is opened so additional Oxygen is added to the intake air. It won't get above atmospheric pressure so it won't be labeled supercharging or turbocharging. Thus avoiding super/turbo charger engine size reduction by the rules.
5. The Oxygen enriched intake air allows more fuel to be burned for a given engine size and rpm, thus increasing net power output.
6. Rinse and repeat.
If well done this would allow more net power output than just using the KERS electricity to power an electric motor that moves the car.