Abstract: A superconducting magnetic energy storage system for applying power to a load includes a superconducting magnet, the inductor of which is supplied with current via a source which may be preset to a desired value of current, and wherein a feedback loop responsive to a sensed current adjusts the source to provide the desired current. Energy from the superconducting magnet is transferred via a series of pulses of current from the magnet to a first capacitor for charging the capacitor to a desired voltage greater than the voltage at the superconducting magnet. A further transfer of energy, via a series of pulses of current, results in a charging of a second capacitor to a voltage lower than the voltage of the first capacitor. The second capacitor feeds the load.