Preliminary capital cost and size estimates were made for a titanium trichloride, titanium tetrachloride, ferric chloride, ferrous chloride redox-flow-cell electric power system. On the basis of these preliminary estimates plus other important considerations, this electrochemical system emerged as having great promise as a bulk energy storage system for power load leveling. The size of this system is less than two per cent of that of a comparable pumped hydroelectric plant. The estimated capital cost of a 10 MW, 60- and 85-MWh redox-flow system compared well with that of competing systems