A novel vertical air-soil heat exchanger (VASHE) is proposed, coupling with diversified energy storage components, i.e., both annular and tubular phase change material (PCM) components. Compared to traditional air-soil heat exchanger systems, advantages of the new VASHE include the space-saving, higher energy efficiency, centralized discharge of condensate water and smaller fluctuation of outlet air temperature. An enthalpy-based model is developed to characterise the underlying heat transfer mechanism of the sophisticated sensible and latent heat transfer in PCMs. An experimental platform is thereafter constructed for the calibration of the developed enthalpy-based numerical model. Systematic parametrical analysis has been conducted on PCM types, PCM structure and PCM locations. Research results indicated that, the developed enthalpy-based model was accurate to predict the system performance with the maximum relative error at 1.98%. Systematic parametric analysis indicates that, within various PCM types, the RT 20 in the tubular PCM is the most promising with the smallest outlet temperature amplitude. Furthermore, accurate PCM location is an effective solution to the contradiction between daily cooling storage capacity and outlet temperature amplitude. This study demonstrates a novel air-soil heat exchanger with diversified energy storage components, which can provide concrete guidance and pave path for the geothermal energy utilisation. (c) 2020 Elsevier Ltd. All rights reserved.