A heat accumulation and dissipation device (1) for an internal combustion engine (2) includes, in a cooling circuit (3) for circulating cooling water used to cool the internal combustion engine (2), a heat accumulator (7) for accumulating the cooling water, and an exhaust heat recovery device (9) for recovering the heat of exhaust gas through the cooling water, wherein when the internal combustion engine (2) is started, heat is dissipated by sending the cooling water of the heat accumulator (7) to the internal combustion engine (2). The cooling circuit (3) includes a heat accumulation and dissipation circuit (8) configured to perform heat accumulation and dissipation while circulating the cooling water between the internal combustion engine (2) and the heat accumulator (7), and the heat accumulator (9) is arranged upstream of the heat accumulator (7) of the heat accumulation and dissipation circuit (8).