In order to review storage performance of the electric double layer capacitor (EDLC) in microgrid applications, charging time and storage efficiency issues are mainly studied aiming at three different charging modes, including the constant voltage charging mode (CVCM), the constant current charging mode (CCCM) and the constant power charging mode (CPCM), based on the practical EDLC product. Numerical calculation methods are presented for different charging modes, and the charging efficiency is also reviewed with strict mathematical deductions, which is validated to be accurate enough and applicable through a simple case with the PV/EDLC system illustration. Finally, trade-off problems between charging time and energy loss are also studied. Research results show that the CPCM is more suitable for microgrid networks compared with the traditional constant-voltage and constant-current charging modes. The hybrid charging method is recommended to save energy and keep high efficiency relatively at the same time. However, how to manage the combination percentage of different charging modes in a reasonable way should be dealt with according to the practical requirements.