As energy storage technology becomes more mature, costs gradually decrease, and electricity price incentive policies continue to be introduced, the application fields of energy storage become more abundant and can be divided into the following ten types. . Utility-scale systems combine energy arbitrage, frequency regulation, capacity payments, and transmission deferral benefits. This multi-revenue approach significantly improves project economics. . NREL is analyzing the rapidly increasing role of energy storage in the electrical grid through 2050. One Key Conclusion: Under all scenarios, dramatic growth in grid energy storage is the least cost option. The Four Phases of Storage Deployment: This report examines the framework developed around. . From the perspective of the entire power system, energy storage application scenarios can be divided into three major scenarios: power generation side energy storage, transmission and distribution side energy storage, and user side energy storage. These three scenarios can be divided into energy-based demand. .