Embodiments of the present invention include a shaft-less energy storage flywheel system. The shaft-less energy storage flywheel system includes a solid cylindrical flywheel having permanent motor magnets mounted about the flywheel. The shaft-less energy storage flywheel system also includes a motor stator having motor windings carrying electrical currents. The motor windings of the motor stator are aligned with the permanent motor magnets of the flywheel such that rotation of the flywheel is induced through interaction of the motor winding currents and the magnetic field of the permanent motor magnets. The flywheel provides a magnetic flux path for the permanent motor magnets. In certain embodiments, the shaft-less energy storage flywheel system includes a magnetic bearing assembly disposed directly adjacent an axial face of the flywheel. The magnetic bearing assembly controls positioning and alignment of the flywheel without physically contacting the flywheel during normal operation.