An energy storage device for a power system is provided. The energy storage device is electrically connected with a high voltage DC transmission grid. The energy storage device includes at least one energy storage element, at least one bidirectional inverter module, at least one medium frequency transformer and at least one bidirectional AC/DC conversion module. A DC terminal of each bidirectional inverter module is electrically connected with the corresponding energy storage element. A first transmission terminal of each medium frequency transformer is electrically connected with an AC terminal of the corresponding bidirectional inverter module. An AC terminal of each bidirectional AC/DC conversion module is electrically connected with a second transmission terminal of the corresponding medium frequency transformer. A DC terminal of each bidirectional AC/DC conversion module is electrically connected with the high voltage DC transmission grid.