The invention discloses a novel flywheel energy storage device which is characterized in that a rotary shaft is arranged in the internal center of a vacuum container; a permanent magnetic radial bearing is embedded in the upper part of the rotary shaft; the middle and lower part of the rotary shaft are sleeved by a flywheel, a single-winding outer rotor magnetic suspension switch reluctance motor and radial and axial permanent magnet biased magnetic bearings in sequence from top to bottom; the single-winding outer rotor magnetic suspension switch reluctance motor is embedded in the inner side of the lower end of the flywheel; each set of windings is independently controlled, and radial two-degree-of-freedom suspension force can be provided in addition to electrical/power generation functions. According to the novel flywheel energy storage device, by utilizing the characteristic that the single-winding outer rotor magnetic suspension switch reluctance motor can directly drive the flywheel, and a high-speed self-suspension function, and organically combining the characteristics of good unloading property and controllable suspension of the axial permanent magnet bearing, the radial permanent magnet bearing and a hybrid magnetic bearing, the five-degree-of-freedom, low-loss and high-reliability suspension of the flywheel are realized, the running speed of the flywheel is increased, and the power consumption and volume of a system are reduced.