Abstract: A thermal storage system (10) provides a means for storing thermal energy acquired from electricity purchased at off-peak demand times and from other fuel sources such as fossil fuels, waste heat, and solar energy. The thermal storage system (10) is also designed to supply a plurality of system outputs (124) at individually selected temperatures. The thermal storage system (10) includes a storage tank (12) for storing and heating fluids. Insulation (44) is provided to prevent energy from being transferred to the environment surrounding the storage tank (12). An external housing (46) is provided to protect the insulation (44) and to further insulate the storage tank (12). Heating elements (76) are included for the heating of the stored fluid. A fluid circulator (22) is provided for circulating the fluid to obtain a substantially constant temperature throughout the storage tank (12).