Due to the increasing penetration of fluctuating distributed generation electrical grids require reinforcement, in order to secure a grid operation in accordance with given technical specifications. This grid reinforcement often leads to over-dimensioning of the distribution grids. Therefore, traditional and recent advances in distribution grid planning are analysed and possible alternative applications with large scale battery storage systems are reviewed. The review starts with an examination of possible revenue streams along the value chain of the German electricity market. The resulting operation strategies of the two most promising business cases are discussed in detail, and a project overview in which these strategies are applied is presented. Finally, the impact of the operation strategies are assessed with regard to distribution grid planning.