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Flywheel Energy Storage System Market: Industry Analysis Flywheel energy storage (FES) systems operate by spinning a flywheel at a high frequency and storing energy in the form of rotary energy in the device. When the energy is captured, the fly-rotational wheel's speed is reduced as a result of the energy savings principle; adding more power to the device causes the fly-wheel speed to increase. The modern FES systems are generally made up of composites of high-performance carbon-fiber rotors suspended by magnet bearings and rotating at speeds ranging from 20,000 to over 50,000 rpm in a vacuum environment.