Flywheel Energy Storage Systems represent an ecologically and economically sustainable technology for decentralized energy storage. Compared to other storage technologies such as e.g. chemical accumulators, they offer longer life cycles without performance degradation over time and usage and need almost no systematic maintenance. Further, they are made of environmentally friendly materials. By means of the driving torque of an electric motor, the flywheel is accelerated and thus electrical energy is transformed to kinetic energy. The stored energy can be transfered back by the load torque of a generator when needed. Modern flywheel energy storage applications use magnetic bearings to minimize selfdischarge. To avoid bearing forces due to rotor eccentricity an unbalance control strategy is used. However, this leads to an off-centered run of the electric machines rotor which in turn generates undesirable forces. A force-compensating operation of the electric machine will minimize the influence on the magnetic bearings in the planned control scheme, thus increasing their efficiency. Different concepts will be developed and compared to each other by means of simulations. Validation of the simulation models is carried out on a specially constructed test setup under defined conditions. In addition, the electrical machine will be integrated into the concept of redundancy of the flywheel. A bearingless operation increases the reliability and enables a safe shutdown of the application in case of malfunction of the magnetic bearings. High strength composite materials are used to achieve high speeds. Based on existing results from past research activities, a disc-shaped rotor is optimized first. To increase material utilization and to maximize energy density a topology optimization is performed. Evolutionary and gradient based optimization algorithms are used. Thereby the unused strength potential of the material is exploited in order to increase the economic efficiency of the overall system.