Latent heat energy storage systems with both annular and countercurrent flows are modeled numerically. The change of phase of the phase-change material (PCM) and the transient forced convective heat transfer for the transfer fluid are solved simultaneously as a conjugate problem. A parametric study and a system optimization are conducted. It is found that the energy storage system with the counter-current flow is an efficient way to absorb heat energy in a short period for pulsed power load space applications.