This study critically reviews the key aspects of nanoparticles and their impact on molten salts (MSs) for thermal energy storage (TES) in concentrated solar power (CSP). It then conducts a comprehensive analysis of MS nanofluids, focusing on identifying the best combinations of salts and nanoparticles to increase the specific heat capacity (SHC) efficiently. Various methods and approaches for the synthesis of these nanofluids are explained. The article presents different experimental techniques used to characterize nanofluids, including measuring the SHC and thermal conductivity and analyzing particle dispersion. It also discusses the challenges associated with characterizing these nanofluids. The study aims to investigate the underlying mechanisms behind the observed increase in SHC in MS nanofluids. Finally, it summarizes potential areas for future research, highlighting crucial domains for further investigation and advancement.