Apparatus for controlling the power output of a closed cycle type of thermodynamic system such as a gas turbine power plant including a heat exchanger, a shaft-coupled compressor and a turbine, and a closed gaseous working medium circulation system including means for imparting heat to the gaseous working medium in circulation, a storage tank for the gaseous working medium connected in parallel with at least three sections of the gaseous working medium circulation system, and valve controlled means for selectively flowing a portion of the gaseous working medium in a hot or cold state respectively from the circulation system through said storage tank such that due to the corresponding change in gas density produced within said storage tank, the gaseous working medium is selectively withdrawn from or added to the gaseous working medium flowing in the system.