With the promulgation and implementation of relevant policies on energy storage industry in China, energy storage industry, especially electrochemical energy storage, has developed rapidly. Energy storage equipment, as a kind of high-quality flexible resource, plays an important role in power grid frequency modulation, peak regulation and suppression of new energy fluctuation. At present, energy storage technology has been widely used in all aspects of power system and has become the focus of attention. Reasonable use of energy storage system to realize peak cutting and valley filling can effectively relieve the large fluctuation of load curve, reduce the impact on large power grid, delay equipment capacity upgrade and improve equipment utilization rate. Existing research on energy storage planning lacks an evaluation method for the energy storage demand boundary of the system under multiple application scenarios. Based on the system value evaluation method, this paper comprehensively analyzes the value of energy storage in power system, including its comprehensive value and realizable value. According to the synergy among the applications involved in energy storage, the system value characteristics of energy storage are analyzed, and the multiple values of energy storage are comprehensively evaluated and measured.