Flywheel energy storage system(FBESS) is a technical product that uses a high-speed rotating rotor to store kinetic energy. FBESS is mainly composed of rotor, bearing and energy conversion system. It involves three stages of energy storage, transmission and discharge during operation. Compared with lithium batteries, FBESS have the characteristics of high power density, long life, rapid response, frequent charging and discharging, and environmental protection. The application scope of FBESS covers grid regulation, UPS, subway energy recovery and renewable microgrids.