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A novel nano phase change material emulsion (NPCE) with low supercooling and high thermal conductivity was prepared by sonication method. N -octadecane was employed as phase change material, multi-walled carbon nanotubes (MWCNTs) were utilised as high thermal conductivity material, and octadecanol was utilised as nucleating agent. The characterization and thermal properties of the nanoemulsions prepared with various concentrations of MWCNTs and octadecanol were measured and analysed by scanning electron microscopy (SEM), transmission electron microscopy (TEM), particle size analyser, differential scanning calorimeter (DSC) and thermal conductivity meter. The results indicated that the nanoemulsions prepared had great stability, low supercooling and enhanced thermal conductivity. The thermal conductivity was enhanced by 4.32% for 10 wt% nanoemulsion with addition of 1 wt% MWCNTs. The supercooling degree of 20 wt% nanoemulsion was decreased by 36.4% from 17.3 °C to 11.0 °C with addition of 1 wt% octadecanol. It can be concluded that the nanoemulsions prepared were able to be utilised as heat transfer and energy storage fluids, with great potential in thermal system applications. • The enhancement ratio of thermal conductivity was 4.32% for 10 wt% nanoemulsion. • The supercooling of 20 wt% nanoemulsion was decreased by 36.4% with addition of 1 wt% octadecanol. • Fabricated nanoemulsions presented good stability and thermo-physical properties. • Fabricated nanoemulsions have great potential application in the thermal systems. [ABSTRACT FROM AUTHOR]