The document discusses why energy storage is important for balancing energy supply and demand. It notes that energy storage has always played a role in matching supply to changing demands over different timescales. However, the tasks for which energy storage is needed are changing as energy systems decarbonize and incorporate more variable renewable sources like wind. Large-scale energy storage for seasonal balancing will likely rely on fuels or thermal storage rather than electrochemical storage due to cost considerations. Shorter-term within-day balancing could utilize a wider variety of storage technologies at different scales.