Harry,
Your advice not to take sales pitches from these flywheel makers is well taken.
In 1997, a V.P. of Engineering of a new hydrogen fuel cell manufacturer (with several professors, PhD scientists and engineers in his R & D team and he himself being a PE with 25+ years with a major power company) got me introduced to the possibility of HFC. I guess I got the stars in my eyes because the possibility of pollution-free automobiles and primary/backup power generation would truly revolutionize transportation & power industry. Not to mention the possibility of significantly enhancing the hydrocarbon fuel to useful electric energy (measured in joules per liter of fuel) which would conserve world's oil reserve.
I have been closely monitoring developments & commercialization of HFC, flywheel, new batteries and ultracapacitors ever since then. Nearly 6 years later, I must say that the commercialization of HFC and ultracapcitors have been painfully slow. GE Powe Systems (who had boldly announced "GE will be the first one to supply one million units of natural gas powered 7 to 10 Kwatt residential HFC microgenerators" on their website in 1998 & 1999) quietly dropped the GE microgen web pages sometime in 2000 and sold off their investment in Plug Power (a HFC pioneer in NY area) sometime in 2000 or 2001 after spending tens of millions of dollars buying Plug Power & several years of commercialization effort.
Other smaller & start-up HFC makers have also dramatically lowered their targets from "millions of units" down to "hundreds or thousands" of systems per year type applications. Except Ballard Power Systems (who is being funded by the Canadian government, Ford, GM, Toyota, and other major car makers for development of HFC automotive engine). The Bush administration also announced its commitment to hydrogen fuel cell automobile recently (EE Times cover page article on Feb. 10, 2003 as well as on USA Today feature articles in 2002).
Bush Administration's goal of production all HFC cars by 2010 might be somewhat optimistic based on the technical difficulty of developing a viable liquid fuel to pure hydrogen reformer that is compact, mobile, lightweight & cost effective (tall order even for hundreds of scientists now trying to crack this tough nut).
But, I still remain an optimist. Yes, even after spending hundreds of millions of dollars (maybe billions collectively) during the past 10 years of R & D by dozens of companies, universities & government labs in HFC, high-speed magneti suspension flywheel energy storage/UPS systems, ultracaps & new batteries, commercialization is still years (maybe decades) away. But given 10, 20 or 30 more years (& more billions in R & D funding), I still believe that widespread commercial use of above technologies are still possible & very likely.
Perhaps we should remember that something as simple & obvious as conversion from black & white TV to color TV took something like 20 or
25 years and that first PC's came out in late 1970's and massive commercial usage occurred about 20 years afterwards. Maybe instead of "wheel of justice turns slowly", a new proverb should be "wheel of new technology adoptation/commercialization turns very, very slowly"?