Thermal management is a key issue concerning lifetime and performance of double layer capacitors and battery technologies. Double layer capacitor modules for hybrid vehicles are subject to heavy duty cycling conditions and therefore significant heat generation occurs. High temperature causes accelerated aging of the double layer capacitors and hence reduced lifetime. To investigate the thermal behavior of double layer capacitors, thermal measurements during charge/discharge cycles were performed. These measurements show that heat generation in double layer capacitors is the superposition of an irreversible Joule heat generation and a reversible heat generation caused by a change in entropy. A mathematical representation of both parts is provided.