Nothing, it's still there of course!
The energy storage rate (with respect to time) in fact accelerates rapidly.
This is because you've specified that the source is an unstoppable voltage source, and the load has "negligible" DCR.
For a circuit where the current must stay within some nominal range, this isn't a good example.

As for how this works, in terms of inductance and energy and parameters, what happens is the
incremental inductance is decreasing. You've still stored energy and flux in the unsaturated range, and that doesn't simply go away. It's the slope that's changing, not the whole history.
This is different from mechanical changes, like if you magnetize the core then pull it apart (or, say, yank the armature out of an energized solenoid). You're putting mechanical work into the system here, so the electrical energy need not be conserved.
Likewise if you saturate the core with a crosswise magnetic path; the total energy flow (from all windings) will be conserved, but energy can be pushed between the windings through transformer or inductor action.

Tim