Abstract: Systems and methods for implementing air conditioning and water store systems that are configured such that a direct expansion of a heat transfer material allows for both hot and cold thermal storage are provided. In such systems, an included cold thermal energy storage unit can be cooled to a temperature lower than the temperature desired for a target space while the target space is simultaneously cooled to the desired temperature, such that the temperature desired for the target space can subsequently be established and/or maintained by the cold thermal energy storage unit irrespective of whether the cold thermal energy storage unit is being principally relied on to cool the target space or whether an included powered condensing unit is being relied on to cool the target space. In conjunction with this, hot thermal units and water in a water store can be heated. In short, the system allows for the capture of normally ejected heat in the water store.