A flywheel energy storage device includes the Halbach Motor/Generator with rolling biphasic coil control, continuously variable torque transfer via magnetic induction and a reluctance magnetic levitation system known as the Axial-Loading Magnetic Reluctance Device. Electric energy input turns the magnetically coupled rotors of the Halbach motor, and torque is transferred to a flywheel through a copper cylinder variably inserted between the Halbach magnet rotors. In idle mode, the energy is stored kinetically in the spinning flywheel, which is levitated by a permanent magnet bearing. Electric energy output is achieved by transferring torque from the flywheel through the copper cylinder to the rotors of the Halbach Generator by magnetic induction. Rolling biphasic motor control includes dividing Halbach motor coils into increments, then energizing groups of contiguous increments into virtual coils, which revolve in tandem with the magnet rotors so to achieve continuous and optimal torque.