Sodium ion batteries have worse energy density than lithium ion but they have potential to be cheaper and more reliable. Iron air batteries have poor round trip efficiency but could be even cheaper.
But it IS crucial for removing bottlenecks & replace fossil fuels.
You build a power plant on a geothermal vent in Iceland. The electricity it produces is plentiful and cheap. You run it full tilt charging batteries.
You ship those batteries to wherever you need cheap power, and send them back empty. This works with hydro, wind, solar, ...
Batteries do drive down energy costs because even ignoring transmission lines, they let you move energy in both space and time, pushing all energy costs towards the cost of the cheapest means of generation on its best day.