The surging electricity demand driven by a growing global population, coupled with the increasing electrification of industries, transportation, and power-intensive appliances, poses a substantial challenge to electricity systems worldwide. This challenge is further compounded by the pressing issue of climate change. To address climate change and mitigate the environmental consequences of fossil fuel use, renewable energy sources are expected to play a pivotal role. However, certain renewable sources, such as wind and solar, exhibit stochastic behavior, resulting in unpredictable power output and significant fluctuations. This intermittency presents a challenge in maintaining a stable and reliable power supply. To overcome this challenge and ensure a balanced electricity grid, the strategic deployment of energy storage devices throughout the power system becomes critically important. Energy storage technologies play a vital role in mitigating the mismatch between renewable power generation and consumption. Additionally, they enable the storage of surplus energy generated from renewable sources during periods of high production for later use during periods of low or no generation. Each technology possesses unique characteristics and applications, providing flexibility and diversity in energy storage solutions. This work provides an overview of different energy storage technologies and explores their role in establishing a sustainable power system.