Thermal energy storage is being actively investigated for grid, industrial, and building applications for an all-renewable energy world. Phase change materials (PCMs), which are commonly used in thermal energy storage applications, are difficult to design because they require both excellent energy density and thermal transport, both of which are difficult to predict from simple physicsbased models. In this perspective, we describe recent advances in the understanding of the equilibrium and transport properties of PCM materials that can help accelerate technology development. We then emphasize how the microscopic phonon-picture of both liquids and solids enables better understanding and predictive power of novel PCM systems. We then show how this microscopic picture can be used to understand kinetic processes, such as supercooling, and how it can impact the thermal power output in thermal energy storage systems.