Personally, homes and freezers should have a consistent temperature; if there's ways to store the excess heat / cold somehow that'd be neat. But for homes, the best ways to store excess energy would be batteries and electric cars, or worst case sink heat into underground storage.
The electric water heaters are a good idea, but you'd need the space for extra storage. There's existing heat exchanger systems with e.g. rooftop / sunlight water heating systems, if excess cheap energy could be used to also heat that storage you'd have something.
The electric water heaters are a good idea, but you'd need the space for extra storage. There's existing heat exchanger systems with e.g. rooftop / sunlight water heating systems, if excess cheap energy could be used to also heat that storage you'd have something.