The increasing energy demand needs the attention for energy conservation as well as requires the utilisation of renewable sources. In this perspective, hydrogen provides an eco-friendly and regenerative solution toward this matter of concern. Thermochemical energy storage system working on gas-solid interaction is a useful technology for energy storage during the availability of renewable energy sources. It provides the same during unavailability of energy sources. This work presents a performance analysis of metal hydride based thermal energy storage system (MH-TES), which can transform the waste heat into useful high-grade heat output. This system opens new doors to look at renewable energy through better waste heat recovery systems. Experimentally measured PCIs of chosen metal hydride pairs, i.e. LaNi4.6Al0.4/La0.9Ce0.1Ni5 (A-1/A-3; pair 1) and LaNi4.7Al0.3/La0.9Ce0.1Ni5 (A-2/A-3; pair 2) are employed to estimate the thermodynamic performance of MH-TES at operating temperatures of 298 K, 373 K, 403 K and 423 K as atmospheric temperature (Tatm), waste heat input temperature (Tm), storage temperature (Ts) and upgraded/enhanced heat output temperature (Th) respectively. It is observed that the system with alloy pair A-1/A-3 shows higher energy storage density of 121.83 kJ/kg with a higher COP of 0.48 as compared to A-2/A-3 pair. This is due to the favourable thermodynamic properties, and the pressure differential between coupled MH beds, which results in higher transferrable hydrogen. Besides, the effect of operating temperatures on COP is studied, which can help to select an optimum temperature range for a particular application. © 2020 Hydrogen Energy Publications LLC