In the current energy context, intermittent and non-dispatchable renewable energy sources, such as wind and solar photovoltaic (generation does not necessarily correspond to demand), require flexible solutions to store energy. Energy storage systems (ESS) are able to balance the intermittent and volatile generation outputs of variable renewable energies (VRE). ESS provide ancillary services such as: frequency, primary and voltage control to the power grid. In order to fulfil the power system control, ESS can switch within seconds for different operation modes. Many times, ESS imply environment impacts on landscape and society. To solve this problem, disused underground spaces, such as closed mines, can be used as underground reservoir for energy storage plants. In this paper, a comparative analysis between underground pumped storage hydropower (UPSH), compressed air energy storage (CAES) and suspended weight gravity energy storage (SWGES) with suspended weights in abandoned mine shafts is carried out. Pumped storage hydropower (PSH) is the most mature concept and account for 99% of bulk storage capacity worldwide. The results obtained show that in UPSH and CAES plants, the amount of stored energy depends mainly on the underground reservoir capacity, while in SWGES plants depends on the depth of the mine shafts and the mass. The energy stored in a SWGES plant (3.81 MWh cycle-1 with 600 m of usable depth assuming 3,000 tonne suspended weight) is much lower than UPSH and CAES plants.