A storage repository is a central location where various resources to build virtual machines are stored. These resources include templates, ISO files, VM files and so on. Oracle VM Servers have shared access to storage repositories for optimized usage of available disk space in the environment, as well as easy reallocation of virtual machines in case a physical server should malfunction.

However, storage in Oracle VM is more than repositories: it also encompasses server pool file systems for clustered server pools, physical disks, or LUNs, in storage arrays, and local physical disks on the Oracle VM Servers. All these storage elements are used in various ways and managed centrally through Oracle VM Manager.