This study investigates cold thermal energy storage (CTES) using a helical coil heat exchanger modified with bubble injection. One of the effective methods for increasing the heat transfer rate in heat exchangers is using bubble injection. A helical coil heat exchanger is immersed inside a cylindrical water storage tank, where the helical coil is the evaporator of a vapor compression refrigeration cycle (VCRC) and provides the designed cooling. Experimental studies were carried out to examine the impact of bubble injection on Nusselt number, the temperature differences in the storage tank, exergy degradation in the evaporator, and cycle coefficient of performance (COP). The bubbles were injected from the bottom of the storage tank in four different geometries at airflow rates ranging from 3 to 11 L/min. The experimental results of this study revealed that bubble injection could significantly increase the COP and heat transfer rate from the storage tank, as well as the exergy destruction and Nusselt number (Nu). This increase was highly dependent on the geometry and flow rate of the bubble injection. The results also indicated that the bubble injection has an optimal flow rate value, which was 9 L/min in this study. More specifically, the COP of the refrigeration cycle and the Nu number increased by 124% and 452%, respectively, compared to the non-bubble injection mode. Finally, for calculating the outside Nusselt number of the helical coil, an empirical correlation as a function of bubble flow rate and bubble injection angle was proposed.