Heat regenerators are simple devices for heat transfer, but their proper design is rather difficult. Their design is based on differential equations that need to be solved. This is one of the reasons why these devices are not widely used. There are several methods for solving them that were developed. However, due to the time demands of calculation, these models did not spread too much. With the development of computer technology, the situation changed, and these methods are now relatively easy to apply, as the calculation does not take a lot of time. Another problem arises when selecting a suitable method for calculating the heat transfer coefficient and pressure drop. Their choice depends on the type of packed bed material, and not all available computational equations also provide adequate accuracy. This paper describes the so-called open Willmott methods and provides a basic overview of equations for calculating the regenerative heat exchanger with a fixed bed. Based on the mentioned computational equations, it is possible to create a tailor-made calculation procedure of regenerative heat exchangers. Since no software was found on the market to design regenerative heat exchangers, it had to be created. An example of software implementation is described at the end of the article. The impulse to create this article was also to broaden the awareness of regenerative heat exchangers, to provide designers with an overview of suitable calculation methods and, thus, to extend the interest and use of this type of heat exchanger.Energies 2020, 13, 759 2 of 27 Another difficulty when calculating these devices is finding suitable computational equations to describe the heat transfer between the gas and the packed bed material. Although these equations can be found in the literature, they are usually given only for spherical shapes. In addition, different equations give different results. It is, therefore, necessary to choose a suitable calculation equation in order to get the best results. A better situation is in the calculation of pressure drops, for which many computational equations can be found in the literature. However, some of them give different results from those measured. This paper, therefore, provides an overview of suitable computational equations so that a complete computational algorithm of regenerative heat exchangers can be compiled.