diff --git a/packages/@ember/-internals/metal/lib/storage.ts b/packages/@ember/-internals/metal/lib/storage.ts
new file mode 100644
index 00000000000..5b9eede60f8
--- /dev/null
+++ b/packages/@ember/-internals/metal/lib/storage.ts
@@ -0,0 +1,77 @@
+import type { UpdatableTag } from '@glimmer/interfaces';
+
+import { consumeTag } from './tracking';
+import { createUpdatableTag, DIRTY_TAG } from './validators';
+import { assert } from '@ember/debug';
+
+const SET = Symbol.for('TrackedStorage.set');
+const READ = Symbol.for('TrackedStorage.read');
+
+function tripleEq<Value>(a: Value, b: Value): boolean {
+  return a === b;
+}
+
+class Storage<Value> {
+  #tag: UpdatableTag;
+  #value: Value;
+  #lastValue: Value;
+  #isEqual: (a: Value, b: Value) => boolean;
+
+  get #current() {
+    consumeTag(this.#tag);
+    return this.#value;
+  }
+  set #current(value) {
+    if (this.#isEqual(this.#value, this.#lastValue)) {
+      return;
+    }
+
+    this.#value = this.#lastValue = value;
+
+    DIRTY_TAG(this.#tag);
+  }
+
+  constructor(initialValue: Value, isEqual?: (a: Value, b: Value) => boolean) {
+    this.#tag = createUpdatableTag();
+    this.#value = this.#lastValue = initialValue;
+    this.#isEqual = isEqual ?? tripleEq;
+  }
+
+  [READ]() {
+    return this.#current;
+  }
+
+  [SET](value: Value) {
+    this.#current = value;
+  }
+}
+
+export function createStorage<Value>(
+  initialValue: Value,
+  isEqual?: (oldValue: Value, newValue: Value) => boolean
+): Storage<Value> {
+  assert(
+    'the second parameter to `createStorage` must be an equality function or undefined',
+    isEqual === undefined || typeof isEqual === 'function'
+  );
+
+  return new Storage(initialValue, isEqual);
+}
+
+export function getValue<Value>(storage: Storage<Value>): Value {
+  assert(
+    'getValue must be passed a tracked store created with `createStorage`.',
+    storage instanceof Storage
+  );
+
+  return storage[READ]();
+}
+
+export function setValue<Value>(storage: Storage<Value>, value: Value): void {
+  assert(
+    'setValue must be passed a tracked store created with `createStorage`.',
+    storage instanceof Storage
+  );
+
+  storage[SET](value);
+}
diff --git a/packages/@ember/-internals/metal/tests/tracked/storage_test.js b/packages/@ember/-internals/metal/tests/tracked/storage_test.js
new file mode 100644
index 00000000000..c34c8a94ebd
--- /dev/null
+++ b/packages/@ember/-internals/metal/tests/tracked/storage_test.js
@@ -0,0 +1,85 @@
+import { createCache, getValue as getCacheValue } from '../../lib/cache';
+
+import { createStorage, getValue, setValue } from '../../lib/storage';
+
+import { moduleFor, AbstractTestCase } from 'internal-test-helpers';
+
+moduleFor(
+  '@ember/-internals/metal/storage',
+  class extends AbstractTestCase {
+    ['@test it works'](assert) {
+      let count = 0;
+
+      let storage = createStorage();
+
+      let cache = createCache(() => {
+        getValue(storage);
+        return ++count;
+      });
+
+      assert.equal(getValue(storage), undefined, 'does not have a value initially');
+      assert.equal(getCacheValue(cache), 1, 'cache runs the first time');
+      assert.equal(getCacheValue(cache), 1, 'cache does not the second time');
+
+      setValue(storage, 123);
+
+      assert.equal(getValue(storage), 123, 'value is set correctly');
+      assert.equal(getCacheValue(cache), 2, 'cache ran after storage was set');
+
+      setValue(storage, 123);
+
+      assert.equal(getValue(storage), 123, 'value remains the same');
+      assert.equal(getCacheValue(cache), 2, 'cache not ran after storage was set to same value');
+    }
+
+    ['@test it can set an initial value'](assert) {
+      let count = 0;
+
+      let storage = createStorage(123);
+
+      let cache = createCache(() => {
+        getValue(storage);
+        return ++count;
+      });
+
+      assert.equal(getValue(storage), 123, 'has a initial value');
+      assert.equal(getCacheValue(cache), 1, 'cache runs the first time');
+      assert.equal(getCacheValue(cache), 1, 'cache does not the second time');
+
+      setValue(storage, 123);
+
+      assert.equal(getValue(storage), 123, 'value is not updated');
+      assert.equal(getCacheValue(cache), 1, 'cache not ran after storage was set to same value');
+
+      setValue(storage, 456);
+
+      assert.equal(getValue(storage), 456, 'value updated');
+      assert.equal(getCacheValue(cache), 2, 'cache ran after storage was set to different value');
+    }
+
+    ['@test it can set an equality function'](assert) {
+      let count = 0;
+
+      let storage = createStorage(123, () => false);
+
+      let cache = createCache(() => {
+        getValue(storage);
+        return ++count;
+      });
+
+      assert.equal(getValue(storage), 123, 'has a initial value');
+      assert.equal(getCacheValue(cache), 1, 'cache runs the first time');
+      assert.equal(getCacheValue(cache), 1, 'cache does not the second time');
+
+      setValue(storage, 123);
+
+      assert.equal(getValue(storage), 123, 'value is not updated');
+      assert.equal(getCacheValue(cache), 2, 'cache runs again');
+
+      setValue(storage, 456);
+
+      assert.equal(getValue(storage), 456, 'value updated');
+      assert.equal(getCacheValue(cache), 3, 'cache ran after storage was set to different value');
+    }
+  }
+);
diff --git a/packages/@glimmer/tracking/primitives/storage.ts b/packages/@glimmer/tracking/primitives/storage.ts
new file mode 100644
index 00000000000..a3ac3b4847d
--- /dev/null
+++ b/packages/@glimmer/tracking/primitives/storage.ts
@@ -0,0 +1,10 @@
+export { createStorage, getValue, setValue } from '@ember/-internals/metal/lib/storage';
+
+/**
+ * NOTE: '@ember/-internals/metal' already exports a getValue function
+ *       from @glimmer/tracking/primitives/cache.ts,
+ *       so we can't use the pattern of re-export everything from
+ *       @ember/-internals/metal
+ *
+ *       At somepoint we need to untangle all that actually move things to their appropriate packages.
+ */
diff --git a/packages/@glimmer/tracking/tests/storage_test.ts b/packages/@glimmer/tracking/tests/storage_test.ts
new file mode 100644
index 00000000000..58f40014b9f
--- /dev/null
+++ b/packages/@glimmer/tracking/tests/storage_test.ts
@@ -0,0 +1,34 @@
+import { moduleFor, AbstractTestCase } from 'internal-test-helpers';
+
+import { createStorage, getValue, setValue } from '@glimmer/tracking/primitives/storage';
+import { createCache, getValue as getCacheValue } from '@glimmer/tracking/primitives/cache';
+
+moduleFor(
+  '@glimmer/tracking/primitives/storage',
+  class extends AbstractTestCase {
+    ['@test it works'](assert: QUnit['assert']) {
+      let count = 0;
+
+      let storage = createStorage();
+
+      let cache = createCache(() => {
+        getValue(storage);
+        return ++count;
+      });
+
+      assert.equal(getValue(storage), undefined, 'does not have a value initially');
+      assert.equal(getCacheValue(cache), 1, 'cache runs the first time');
+      assert.equal(getCacheValue(cache), 1, 'cache does not the second time');
+
+      setValue(storage, 123);
+
+      assert.equal(getValue(storage), 123, 'value is set correctly');
+      assert.equal(getCacheValue(cache), 2, 'cache ran after storage was set');
+
+      setValue(storage, 123);
+
+      assert.equal(getValue(storage), 123, 'value remains the same');
+      assert.equal(getCacheValue(cache), 2, 'cache not ran after storage was set to same value');
+    }
+  }
+);