Based on the performance of energy storage air conditioning system, a small heat pump water heat storage air conditioner was designed with some experiments in winter running. The experiments show that the heat storage system can improve inlet temperature of the refrigerating compressor effectively when proceeding heating mode, and the outlet temperature is also higher relatively; In the low-temperature heating condition, the maximum heating capacity can up to more than the rated heating capacity and the defrosting performance is better too; But the heat storage capacity of the system is quite limited for the thermal storage material is water.