In a press installation including a number of presses with servo-drives for operating the presses and auxiliary equipment such as workpiece handling devices wherein an energy management system is provided including a DC voltage intermediate circuit connected to a power supply grid via an AC/DC converter and to the servo-drives via servo-converters, a fly-wheel storage device is connected to the intermediate circuit for supplying energy thereto and recapturing energy therefrom under the control of a control arrangement which controls the flow of power between the intermediate circuit, the servo-drives, the fly-wheel storage device and the power supply grid.