Thermal Energy Storage (TES) has become extremely important in the recent years since it balances the energy demand and improves the efficiency of the solar systems. It is important that the thermal energy storage systems have the necessary characteristics to improve the performance of the storage. Usage of Phase Change Materials (PCM) for energy storage provides a great benefit but, their low thermal conductivity becomes a major drawback. This can be compensated with the use of phase change material in an appropriate design for successful functioning of the system. This review article summarizes the recent designs of thermal energy storage systems containing Phase Change Material that have been adopted for efficient energy storage.