Compressed　air　energy　storage　can　be　a　promising　application　to　meet　diversified　energy　needs　of　cooling,　heating　and　power　supplies　through　mutual　conversions　among　electrical,　thermal　and　potential　energies.　A　novel　trigeneration　system　based　on　adiabatic　compressed　air　energy　storage　is　thus　proposed　for　efficient　allocation　and　utilization　of　the　heat　of　compression.　An　absorption　heat　pump　is　also　integrated　in　the　system　to　improve　the　heat　capacity　of　the　proposed　system.　A　steady　state　thermodynamic　model　of　this　system　is　then　established　with　the　focus　on　the　energy　conversion　variation　principle　for　changing　key　physical　parameters.　It　is　demonstrated　that　increasing　storage　pressure　from　3　to　8　MPa　can　enhance　the　system　round　trip　efficiency　and　exergy　efficiency　about　20.57-31.69%　and　23.64-30.62%,　respectively.　Larger　charge-discharge　pressure　difference　has　a　negative　effect　on　the　two　indicators.　Minimal　exergy　efficiency　can　be　found　with　the　ratio　of　thermal　oil　allocation　located　at　about　0.8.　Lower　vapor　generator　temperature　and　evaporation　temperature　can　achieve　higher　system　round　trip　efficiency　and　exergy.　However,　the　influence　is　minor　when　evaporation　temperature　is　higher　than　283.15.　In　brief,　this　study　represents　detailed　guidance　for　the　design　of　the　proposed　system,　which　has　a　promising　prospect　in　intermittent　renewable　energy　storage　and　management.