"Flywheel-based energy storage systems, unlike lead-acid batteries, are sustainable “green†technology solutions that do not use hazardous materials for production, nor create them during operation. Unlike batteries, flywheels operate reliably for many years with little or no maintenance. Their life cycle cost benefits and ROI have proven to be far superior to those of lead-acid batteries. Despite higher initial costs, flywheels offer an attractive and long-term cost-effective energy storage alternative for the growing number of companies implementing sustainable business practices."
Flywheels have been used for years to provide uninterruptible power supplies, but Beacon Power has developed a system that can be used for grid level power balancing, which is orders of magnitude greater. Beacon's system has just received certification from California's Independent System Operator - the not-for-profit corporation that operates California’s high-voltage electrical grid.
Flywheels are also likely to gain increasing use as wind and other intermittent generators become more prevalent. At the other end of the scale, small scale flywheels may make it easier for homes and small businesses to be completely off the grid by storing excess power their systems generate in peak periods of sun or wind, and drawing on that stored energy during slack periods.
via: Inside Green Tech

written by Philip Proefrock, February 06, 2007
See:
http://www.beaconpower.com/products/EnergyStorageSystems/SmartEnergyMatrix.htm#
written by monotonehell, February 07, 2007
written by Daniel, February 09, 2007
In terms of regulation, this may be a viable alternative, but I'm betting we'll need to see some more technology innovations before this really catches on. The reason is that a lot of energy will need to go in to these facilities (to keep the heavy flywheels turning), and I'm not positive that the ability to meet small energy deficits will warrant the investment. Even if the power company were exactlymeeting demand, you'd still have to be spinning those wheels. I believe that a more eco-friendly idea would be a system that stores potential energy but doesn't require kenetic energy while it isn't being used. Any system that is continuously storing and releasing potential energy is going to waste quite a bit of juice.
Good post though.
written by Philip Proefrock, February 09, 2007
One of the biggest issues about bringing more variable systems such as wind and solar onto the grid is the erratic nature of the power they supply. Flywheels allow short-term over- and under-production from those intermittent sources to be interconnected with traditional, slow-response grid sources like coal, hydro, or nuclear power plants.
These flywheels are seated on magnetic bearings and are enclosed in rough vacuum housings, so the energy loss is minimized. Any time you convert one form of power to another, there are going to be some losses. The issue is to minimize those losses, and flywheels are fairly efficient. Once up to speed, only a very small amount of energy is needed to keep them spinning, until there is a demand.
written by Paul Hanlon, February 20, 2007
I believe they will be using 4 of them on the ISS to even out the power cycle and to act as stabilising gyroscopes. If the technology is mature enough and reliable enough for that, then I'd say it's definitely ready for prime time down here on Earth :).
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