Storm grew up in Buenos Aires where he was a student of the sculptors Bartolome Tasso and Urbici Soler (1927–29).
In 1947 he became a professor at the National Academy of Fine Arts, a position he held until 1980,[2] where his students included Oddmund Raudberget.
In 1939, Storm won the competition for a statue of Olympic skier Thorleif Haug which was erected in Drammen.
He also designed six bronze sculptures (Handenlangeren, Elektrikeren and Steinhoggeren 1950, Mureren 1951, Tømmermannen 1954, Steinbryteren 1960) situated outside the Oslo City Hall and several World War II memorials.
Awards from this foundation, Ingeborg og Per Palle Storms ærespris, are distributed for the purpose of accommodating sculptors living in Norway.