This study is focused on the preparation and characterization of thermal properties and thermal reliability of palmitic acid (PA)/expanded graphite (EG) composite as form-stable phase change material (PCM). The maximum mass fraction of PA retained in EG was found as 80 wt% without the leakage of PA in melted state even when it is heated over the melting point of PA. Therefore, the PA/EG (80/20w/w%) composite was characterized as form-stable PCM. From differential scanning calorimetry (DSC) analysis, the melting and freezing temperatures and latent heats of the form-stable PCM were measured as 60.88 and 60.81 degrees C and 148.36 and 149.66 J/g, respectively. Thermal cycling test showed that the composite PCM has good thermal reliability although it was subjected to 3000 melting/freezing cycles. Fourier transformation infrared (FT-IR) spectroscopic investigation indicated that it has good chemical stability after thermal cycling. Thermal conductivities of PA/EG composites including different mass fractions of EG (5%, 10%, 15% and 20%) were also measured. Thermal conductivity of form-stable PA/EG (80/20w/w%) composite (0.60 W/mK) was found to be 2.5 times higher than that of pure PA (0.17 W/mK). Moreover, the increase in thermal conductivity of PA was confirmed by comparison of the melting and freezing times of pure PA with that of form-stable composite. Based oil all results, it was concluded that the form-stable PA/EG (80/20w/w%) has considerable latent heat energy storage potential because of its good thermal properties, thermal and chemical reliability and thermal conductivity. (C) 2008 Elsevier B.V. All rights reserved.