The invention discloses a foam heat storage regenerator and a preparation method thereof. The existing heat storage regenerators are all of direct type network structures or honeycomb structures, thereby having small surface area and non-ideal thermal storage effect, besides, due to the limitation of product forming, the shape of products cannot be too large, which has a higher requirement to application environment, therefore, the existing heat storage regenerators generally have the disadvantages of large difficulty of processing, high cost, low yield and narrow application range. The invention takes kaolin, aluminum oxide, spodumene and organic material as raw materials, the raw materials are first coated and adhered by polymer cavernous mode and then burnt and the finished products are produced. The invention has the advantages of large surface area, which is over 2000m2 / m3, good heat storage effect, large application efficiency, which is more than 90 percent, small product water absorption, which is less than 1 percent, high anti-pressure strength, large heat capacity, wide application, no limitation of system waste gas types, long service life, small processing difficulty and low cost and materials can be fully applied and comply with the environmental protection requirements.