Storage is actually more damaging to electrolytic caps than regular use. I would go so far as to say that being on 24/7 is probably the best scenario for longevity, as long as operating conditions are within spec of course.
Manufacturers usually guarantee a six-month shelf life for electrolytics, although in real life they do last much longer.
@emergingsoul what exactly do you mean by "cold storage"? That’s usually synonymous for refrigerated.

