Thermal energy storage (TES) is recognised as a key technology for further deployment of renewable energy and to increase energy efficiency in our systems. Several technology roadmaps include this technology in their portfolio to achieve such objectives. In this paper, a first attempt to collect, organise and classify key performance indicators (KPI) used for TES is presented. Up to now, only KPI for TES in solar power plants (CSP) and in buildings can be found. The listed KPI are quantified in the literature and compared in this paper. This paper shows that TES can only be implemented by policy makers if more KPI are identified for more applications. Moreover, close monitoring of the achievements of the already identified KPI needs to be carried out to demonstrate the potential of TES.