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Energy storage plays a pivotal role in modern energy systems, revolutionizing how energy is generated, stored, and used. This survey paper offers an overview on potential energy storage solutions for addressing grid challenges following a "system-component-system" approach. Its application scope encompasses renewable energy integration, which facilitates the stabilization of power grids by storing excess energy generated during. . A paradigm transition from centralized to decentralized energy systems has occurred, which has increased the deployment of renewable energy sources (RESs) in renewable energy communities (RECs), promoting energy independence, strengthening local resilience, increasing self-sufficiency, and moving. . The application of energy storage adds a link to store electrical energy to the traditional power system, transforming the power system from a “rigid” system to a “flexible” system, greatly improving the safety, flexibility, and reliability of the power system [1–3]. But here's the kicker – these technological marvels aren't just glorified batteries.