To calculate the torque of a flywheel, one must consider its angular acceleration and moment of inertia. For a 90 lb flywheel with a 20" diameter, the moment of inertia is calculated as 62.5 lb ft², leading to a torque of approximately 203.16 ft lb when accelerating at 1000 rpm per second. Torque is not required for a flywheel at constant speed, but it is essential for acceleration or deceleration. The discussion also highlights the importance of understanding energy conservation in relation to the flywheel's stored energy and its output. Overall, accurate calculations depend on the flywheel's specifications and the desired performance outcomes.