Energy storage technology is applied to a number of areas that differ in power and energy requirements. Energy Storage Program performs research and development on a wide variety of storage technologies. This broad technology base includes batteries, electrochemical capacitors, flywheels, power electronics, control systems, and software tools for storage optimization and sizing. Among these benefits are improved power quality and the reliable delivery of electricity to customers; improved stability and reliability of transmission and distribution systems; increased use of existing equipment, thereby deferring or eliminating costly upgrades; improved availability and increased market value of distributed generation sources; improved value of renewable energy generation. This session discusses more about energy storage, conversion & grid modernization.