This research explores the prospective application of thermo-mechanical energy storage technologies for energy system decarbonisation. It characterises, first, the techno-economic performance of one such technologies, Liquid Air Energy Storage (LAES), when operated within the power system to supply energy and reserve services. Then, Liquid Air Energy Storage operation as a multi-energy asset is studied. To conclude, the potential of six between established and novel thermo-mechanical energy storage concepts is cross-compared and benchmarked with incumbent storage technologies for long-duration energy storage applications.