Systems and methods are provided for charging a pumped thermal energy storage (“PTES”) system. A system may include a compressor or pump configured to circulate a working fluid within a fluid circuit, wherein the working fluid enters the pump at a first pressure and exits at a second pressure; a first heat exchanger through which the working fluid circulates in use; a second heat exchanger through which the working fluid circulates in use; a third heat exchanger through which the working fluid circulates in use, a turbine positioned between the first heat exchanger and the second heat exchanger, configured to expand the working fluid to the first pressure; a high temperature reservoir connected to the first heat exchanger; a low temperature reservoir connected to the second heat exchanger, and a waste heat reservoir connected to the third heat exchanger.