The document discusses flywheel energy storage systems (FESS). It first provides an introduction to energy storage and defines FESS. It then reviews literature on FESS technology and applications. The main components of FESS are described as the flywheel rotor, electric machine, power electronics, bearings and housing. Examples of FESS applications discussed include use in the Porsche 911, transportation, railways, and spacecraft. FESS provide advantages like high power capability and long lifespan but also have limitations such as potential energy losses over time.