https://www.orcasciences.com/articles/standard-thermal
https://austinvernon.substack.com/p/building-ultra-cheap-ene...
They talk about temperature up to ~600 C, which I believe is limited by the desire to use cheap steal (much hotter and creep becomes a problem). This is also perhaps not coincidentally about the temperature of steam from a coal fired boiler, so one of the eventual goals is to repower retired coal fired power plants with this storage providing the heat instead of coal combustion.
You're right this is not good for something needed "a few times a year" for relatively short periods, for example to cover Dunkelflauten. Combustion of an e-fuel is better for that. But it's well suited to seasonal storage of solar energy, as that would be extracted over months, more or less continuously. The resistive heaters should also be much cheaper per W than electrolyzers.
But what is that useful for? During almost all of those months it would be a lot cheaper to use renewables & short term storage. And it's not fast enough for the few days it's not beaten by something cheaper.
Put another way: if you oversize the solar to be adequate in winter, you have enormous amounts of surplus solar in summer. So why not store it?
https://www.cleanthinking.de/thermischer-erdspeicher-erdhueg...