A solar energy thermal storage system can include a receiver in which a first storage medium is heated by insolation. First and second thermal storage reservoirs for a second storage medium can be provided. A first heat exchanger can be configured to transfer heat in the first storage medium to the second storage medium. A buffer tank can be located at a height above the receiver and can be fluidically connected to the first heat exchanger at its inlet and the receiver at its outlet. A second heat exchanger can be configured to transfer heat between the second storage medium and pressurized water and/or steam. The use of a buffer tank in conjunction with the first storage medium increases the overall efficiency of the system and results in a higher temperature for the thermal storage system, which can be used to generate superheated steam.