A point reference design has been completed for a 1-GWh Superconducting Magnetic Energy Storage system. The system is for electric utility diurnal load-leveling but can also function to meet much faster power demands including dynamic stabilization. This study explores several concepts of design not previously considered in the same detail as treated here. Because the study is for a point design, optimization in all respects is not complete. This report examines aspects of the coil, the superconductor supported off of the dewar shell, the dewar shell, and its configuration and stresses, the underground excavation and construction for holding the superconducting coil and its dewar, the helium refrigeration system, the electrical converter system, the vacuum system, the guard coil, and the costs. This report is divided into two major portions. The first is a general treatment of the work and the second is seven detailed technical appendices issued as separate reports. The information presented on the aluminum stabilizer for the conductor, on the excavation, and on the converter is based upon industrial studies contracted for this work.