A fly wheel, or hit or miss engine is defined as an engine that uses a set of flywheels, or one flywheel attached to a crankshaft for the sole purpose of maintaining engine speed by storing energy. A hit and miss engine, is a certain type of fly wheel engine that was first created in the late 19th century. Though there is not one company credited with the creation of fly wheel engines, they were in demand from the early 1900s to approximately 1940. Many companies utilized fly wheel engines until new technology created methods that are more modern. During the late 1940s, fly wheel engines ceased to be utilized, as they were replaced by internal combustion engines capable of delivering greater horsepower. However, modern-day fly wheel engines are seen in the oil production industry.

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