Abstract: A system for storing electrical energy generated by an external energy source that includes a ring for storing kinetic energy of rotation, an assembly a control system, and at least two motors/generators. The assembly includes a plurality of independent supports, each releasably attachable to a levitation electromagnet such that pole faces of the levitation electromagnet oppose a top protruding surface of a levitation rail of the ring and each releasably attachable to a centering electromagnet such that pole faces of the centering electromagnet oppose a surface of the centering rail of the ring. The control system supplies current to each levitation electromagnet to generate vertical forces to levitate and vertically stabilize the ring and to each centering electromagnet to generate radial forces to center and horizontally stabilize the ring.