This document discusses energy storage technologies, their benefits and applications. It summarizes that energy storage can help balance supply-demand mismatches, utilize excess energy, and provide grid support. A variety of technologies are described like pumped hydro, compressed air, batteries, and flywheels. Case studies of successful energy storage projects in Taiwan, West Virginia, and Japan are provided. The document also outlines key considerations for designing storage systems and developing strategies to deploy them, noting challenges around financing, siting, policies and raising awareness.