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World’s largest thermal energy storage to be built in Vantaa, Finland
(www.vantaanenergia.fi)
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The problem with heating water is, afaik, that its not that easy to convert it back into electricity.
But based on this article it seems like they just store heat and reuse it as heat when needed.
It sounds plausible to simply convert excess electricity to heat and simply use it with heat is needed
It's not easy but we are trying!
https://cordis.europa.eu/article/id/205499-highefficiency-engine-turns-waste-hot-water-into-electricity
That's cool as hell.
Unless you heat it to about 400°C like in every steam-electric thermal power station. To store such temperatures, it's better to melt metal or something.