An air suspension system according to the principles of the present disclosure includes a suspension actuator, a reservoir, a compressor, and a first cooling circuit. The suspension actuator has a chamber. The reservoir includes a shell and an adsorptive material. The shell at least partially defines an interior region. The interior region is fluidly connected to the chamber. The adsorptive material is in the interior region. The compressor is fluidly connected to the interior region. The first cooling circuit includes a first heat exchanger, a second heat exchanger, and a conduit. The first heat exchanger is in thermal contact with the interior region. The second heat exchanger is in thermal contact with an electric vehicle component. The conduit is adapted to circulate a fluid between the first heat exchanger and the second heat exchanger. The present disclosure also provides a method of operating the air suspension system.