Phase change materials (PCMs) are an efficient alternative to store and release heat at a specific range of temperature. Here PCMs and heat enhancement methodologies for PCM storage are reviewed. A short overview of PCMs and their applications is presented in addition to the progress during the last 10 years. Heat enhancement techniques, that is, extended surfaces, multiple and composite PCMs, and encapsulation techniques, are presented along with a statistical overview of studies during 2016–2021. The importance of various fin and storage tank geometries (extended surfaces) is discussed in detail. Advancement in the latest heat enhancement techniques such as use of nano‐enhanced PCMs is presented. Recommendations for future research are provided.This article is categorized under: Emerging Technologies > Energy Storage Sustainable Energy > Energy Efficiency