The successful integration of renewable energy resources into the power grid hinges on the development of energy storage technologies that are both cost-effective and reliable. These storage technologies, capable of storing energy for durations longer than 10 hours, play a crucial role in mitigating the variability inherent in wind and solar-dominant power systems. To shed light on this matter, a transparent, least-cost macro energy model with user-defined constraints has been utilized for a case study of California. The model addresses all included technologies, solving for both hourly dispatch and installed capacities. Real-world historical demand and hourly weather data have been utilized to do this analysis. A novel approach has been introduced to assess the significance of long-duration energy storage technologies (LDS) in terms of their energy and power capacity. This method explores the contributions of pumped hydropower storage (PHS), compressed air energy storage (CAES), and power-to-gas-to-power (PGP) storage toward minimizing the overall balance of system cost. Historical electricity demand, hourly weather data, and current technology costs are used to investigate high-level implications for California’s power system options. Increasing the storage capacity of each technology from 1 to 10 hours results in 29.6%, 14.4%, and 7.5% cost reduction for PHS, CAES, and PGP cases respectively. However, in studied simulations, maximum availability (maximum) of pumped hydropower storage reduces the balance of system costs by 72.3% followed by CAES (60.6%) and PGP (48.6%) and suggests that pumped hydropower storage in combination with CAES/PGP could play an important role in California’s electricity system, provided that suitable sites can be identified and constructed at reasonable costs.