Abstract: An energy storing flywheel assembly in which first and second reels are operatively connected by a flexible band, with the first and second reels capable of being rotated by first and second electric motors, and the second reel that can rotate either clockwise or counter clockwise through a clutch mechanism driving a flywheel. The flywheel that stores rotational energy is free to rotate independently of the second reel in a clockwise direction except when it is eccelerated to a predetermined maximum rate by the second reel. Acceleration of the flywheel occurs as the first motor drives the first reel at a constant rate to wind the band thereon. After the flywheel has reached the desired maximum rate of rotation the second reel is rotated to rewind the band thereon. Upon the rate of rotation of the flywheel decreasing to a predetermined minimum the above described operation is repeated.