It would be used for energy storage, so energy produced at times of lower demand can be stored and then used during higher demand, like what pumped storage is currently used for - excess energy is used to pump water uphill to the top reservoir, then during high/peak demand it can be used to rapidly add power to the grid. It takes time and is fairly inefficient for a thermal plant to change its output, i.e. maybe hours, and excess capacity (excess steam) has to be bled off/wasted until it's needed. A PS site can be ready in seconds and can match the capacity of a fairly large thermal plant.