The Wikipedia article at
https://en.wikipedia.org/wiki/Flywheel_energy_storage claims that, in comparison to batteries,
flywheels are not as adversely affected by temperature changes, can operate at a much wider temperature range, and are not subject to many of the common failures of chemical rechargeable batteries. They are also less potentially damaging to the environment, being largely made of inert or benign materials. A flywheel can potentially have an indefinite working lifespan. Flywheels built as part of James Watt steam engines have been continuously working for more than two hundred years. Another advantage of flywheels is that by a simple measurement of the rotation speed it is possible to know the exact amount of energy stored. Flywheels with Magnetic bearings and high vacuum can maintain 97% mechanical efficiency, and 85% round trip efficiency.Why aren't these in wide deployment yet as local storage for renewable energy sources? The biggest problems seems to be overall mass, cost, and space efficiency. None are great concerns for long term energy storage solutions for off-grid buildings. In short, these things sound fantastic. Anyone know where to buy one large enough to store power for a small draw, solar sourced home?
This site explains a lot more about the concept, and engineering considerations behind two functional prototypes: http://home.earthlink.net/~fradella/homepage.htm
Flywheels in vehicles were the subject on an article in the Economist in late 2011: Road tests have shown that, thanks to modern materials and clever design, a flywheel as small as a hockey puck can reduce fuel consumption by more than one-fifth. In electric hybrids only 35% of the kinetic energy lost during braking is retrievable. With flywheels more than 70% is. http://www.economist.com/node/21540386
And someone just got funded on Kickstarter: http://www.kickstarter.com/projects/1340066560/velkess-energ... .. they claim Energy storage flywheels have been in use for over 100 years and are some of the highest performing energy storage technologies ever developed. Traditionally, they have suffered one fatal flaw... they are extremely expensive! Velkess has invented a way of making energy storage flywheels at such low cost it will be dramatically less expensive than even the most economical energy storage technologies available today. Phys.org discussion of this effort: http://phys.org/news/2013-04-velkess-flywheel-flexible-energ...