The structure of the electrical power system is currently experiencing a substantial change, shifting towards renewable energy resources as a primary source of power generation. This transition is driven by several factors, including the growing global demand for electricity, the limitations faced by developing countries in building traditional power plants and distribution networks, the inadequate power generation capacity in some industrialized nations, and the concerns about climate change and greenhouse gas emissions [
1]. In this evolving landscape, renewable energy sources are progressively emerging as essential elements within forthcoming power generation systems. These technologies cover a wide spectrum, including but not limited to wind turbines, solar photovoltaic setups, solar thermal installations, biomass power facilities, fuel cells, gas micro-turbines, hydropower turbines, micro-turbines for combined heat and power (CHP), and also hybrid power systems [
2,
3]. These environmentally friendly and sustainable alternatives are gradually replacing fossil fuels, paving the way for a more resilient and cleaner energy future.
Incorporating renewable energy sources (RESs) into the power grid brings about various benefits, but their variable and intermittent nature can also pose challenges. Fluctuations in wind, lightning strikes, sudden load changes, or line faults can result in temporary drops in system voltage [
4]. To overcome these issues, energy storage has been recognized as an effective way to address the stochastic characteristics and rapid shortfalls of RESs.By offering the capability to store surplus energy when generation is high and discharge it when generation is low or variable, energy storage systems mitigate the impact of load loss and decrease the necessity of deploying extra generation plants. This capability enhances grid stability and ensures a more reliable and sustainable electricity supply [
5,
6]. A further concern arises when integrating RESs into remote areas with weak grids, as this may result in undesirable voltage alterations due to power variations. Addressing the challenges posed by the intermittent nature of renewable energy sources often involves costly upgrades to transmission power lines, which can be financially prohibitive. Nevertheless, a feasible and economically viable option involves incorporating energy storage systems to even out power levels and regulate voltage at distant connection points. This approach enables the effective utilization of energy, mitigating the sporadic attributes of renewable energy. As a result, grid stability remains intact, bolstering the overall reliability and efficiency of the system. The application of energy storage systems offers a practical and cost-effective approach to enhancing the smooth incorporation of renewable sources into the existing power infrastructure. The escalating need for energy storage systems is propelled by diverse factors that are molding the present scenario [
7]. These factors include the increasing use of stochastic generation from renewable sources, the strain on transmission infrastructure due to lagging development of new power lines, the rise of micro-grids within distributed grid architecture, as well as the increased demand for security and dependability in the provision of power [
8] . Yet, several hurdles persist in the realm of effectively incorporating these nascent energy storage technologies into the electricity grid. These challenges span operational, technical, and market facets, underscoring the need for comprehensive research, experimentation, and standardization to tackle these concerns. The progression of energy conversion units (ECUs), spanning renewable energies, as well as the assimilation of energy storage systems (ESSs) within developed nations, should be undertaken with careful consideration of the existing electrical supply infrastructure. Consequently, a comprehensive and multifaceted challenge of integrating energy storage systems optimally will arise, aiming to achieve efficient and effective integration within the current electric power system. When power plants used to shut down over night in the early 20th century, stationary Electrical Energy Storage (EES) was first developed. During that period, lead-acid accumulators played a crucial role in powering remaining loads within direct current networks [
9,
10]. However, it was not until 1929 that the first energy storage central station, known as Pumped Hydroelectric Storage (PHS), was established. Utility companies gradually recognized the significance of energy storage in enhancing network flexibility, which led to the establishment of the PHS system [
11,
12].As time passed, the power supply sector’s emphasis transitioned towards attaining economies of scale by means of substantial central generating stations and expansive transmission and distribution networks. Consequently, the enthusiasm for storage systems waned until the recent past. However, in more contemporary times, there has been a renewed surge of interest in energy storage systems. The importance of storage technology in promoting grid stability and easing the assimilation of renewable energy sources has been acknowledged by the power sector. In particular, Pumped Hydroelectric Storage (PHS) systems have gained prominence once again due to their ability to provide large-scale, flexible, and reliable storage capacity.By the year 2005, more than 200 PHS systems had been implemented, contributing to an impressive 100 GW of generation capacity. This resurgence underscores the critical role that energy storage plays in modern power systems and its potential to solve the difficulties brought on by the increased use of renewable energy and the requirement for a more adaptable and durable grid infrastructure. [
11,
13]. A decrease in investment in significant PHS facilities was also brought on by regulatory pressures and environmental issues. Due to various factors, there has recently been an increase in interest in the practical use of EES systems. These encompass alterations to the international utility regulatory landscape, an amplified dependence on electricity across industrial, commercial, and residential domains, issues pertaining to power reliability and provision, and a substantial rise in the utilization of renewable energy as a primary electricity source, and more stringent environmental regulations [
14,
15,
16]. Moreover, the rapid advancement of technology in emerging EES systems,due to projected cost reductions, their practical applications are expected to become significantly appealing in a matter of a few years.consequently, the practical use of energy storage systems is experiencing a revival, driven by the convergence of these factors and the potential for significant technological advancements in the near future. This article seeks to provide a succinct summary of the various Electrical Energy Storage Systems (EESS) technologies that are currently in advanced development. These technologies include: Pumped Hydroelectric Storage (PHS) [
13,
17,
18], Compressed Air Energy Storage system (CAES) [
19,
20], Batteries [
21,
22]and [
23],Flow Batteries [
10,
14,
16,
24],Fuel Cells [
24,
25],Solar Fuel [
10,
16],Superconducting Magnetic Energy Storage system (SMES) [
26,
27],Flywheels [
28,
29,
30] ,Capacitors and Supercapacitors [
10,
29] and Thermal Energy Storage system (TES) [
31,
32].Some of these technologies are already accessible and in use, while others are still under development. This paper provides a thorough analysis of different energy storage methods and investigates their significance and technical attributes in building a sustainable power system.