This paper shows a transient model of a hydronic panel radiator modelled as a system of multiple storage elements. The experiment´s results suggest the more suitable technique for modelling this technology. The panel radiator is modelled numerically with eight thermal capacitance connected in series by keeping a memory of the heat injected in the thermal unit. The comparison of the performance among lumped steadystate models and transient model, in terms of heat emission and temperature of exhaust flow, shows the potential of the latter approach. To conclude, (1) the transient phase is essential for modelling stocky panels, and (2) this type of modelling has to be addressed for evaluating the performance of low energy buildings.