Thermal energy can be converted into mechanical energy through the melting process of a phase change material (PCM). A PCM mixed with an insoluble liquid has higher energy converting efficiency during the whole melting process, where the massive microvacuum formed during the freezing process is filled by the insoluble liquid, which increases utilization of the volume change. The traditional theoretical model of the phase change process is unable to sufficiently describe the mixed PCM; therefore, a new model aimed at analyzing the characteristics of the volumetric change rate, as well as the freezing and melting times of the mixed PCM, is theoretically constructed. In this paper, the effective heat capacity method is used, and the effects of porosity are considered when the PCM is in the solid state. Comparisons of this model with the traditional model are carried out using both simulations and experiments for different pressures and geometric structures. Our results indicate that the introduced model has better accuracy when describing the phase change process of the pure PCM mixed with an insoluble liquid.