For making your own flywheel steel should do fine. You're probably not aiming for an 80,000+RPM flywheel that rides on magnetic bearings. So composites shouldn't be needed. The best material, eventually, for flywheels should be carbon nanotubes. They have huge tensional strength, but lousy compression strength. Tensile loads is what a flywheel has, so they'd work great.
It is important to note that not all batteries associated with these computer models are affected. The company is directing all users to its HP Battery Recall website to go through the online validation and replacement process.
New one sent. HP sent a new disk. I installed Windows 7 and then tried the HP to install App recovery and Driver recovery disk. It failed to load some utilities that need HP partitions HP_Restore and HP_tools. On install these had failed to install. Contacted HP and they said they would send the Recovery disks.