While hydrogen is regularly discussed as a possible option for storing regenerative energies, its low minimum ignition energy and broad range of explosive concentrations pose safety challenges regarding hydrogen storage, and there are also challenges related to hydrogen production and transport and at the point of use. A risk assessment of the whole hydrogen energy system is necessary to develop hydrogen utilization further. Here, we concentrate on the most important hydrogen storage technologies, especially high-pressure storage, liquid hydrogen in cryogenic tanks, methanol storage, and salt cavern storage. This review aims to study the most recent research results related to these storage techniques by describing typical sensors and explosion protection measures, thus allowing for a risk assessment of hydrogen storage through these technologies.