Solar wind kinetic energy gets transferred into the Earth’s magnetosphere as a result of dynamo action between magnetosphere and solar wind. Energy is then dissipated among various dissipation channels in the MI system. In the present study, energetics of 59 intense geomagnetic storms are analyzed for the period between 1986 and 2015, which covers the three consecutive solar cycles SC 22, 23 and 24. The average solar wind energy impinging the MI system is estimated using Epsilon parameter, the coupling function. Moreover, the relative importance of different energy sinks in the MI system are quantified and is found that more than 60% of solar wind energy is dissipated in the form of ionospheric Joule heating.