High power density energy storage permanent magnet (PM) motor is an important energy storage module in flywheel energy storage system for urban rail transit. To expand the application of the PM motor in the field of urban rail transit, a predictive power control (PPC) strategy for the N*3-phase PM energy storage motor is proposed in this paper. Firstly, the output characteristics of the N*3-phase PM energy storage motor are analyzed by using the finite element method, and the mathematical model of the N*3-phase PM energy storage motor is established. Then, the topological structure and operation principle of N*3-phase PM energy storage motor system is illustrated. Furthermore, the N*3-phase PM energy storage motor system driven by six parallel voltage source inverters (VSIs) is proposed to generate the required power. Finally, a novel predictive direct power control method is developed for the N*3-phase PM energy storage motor. The feasibility and effectively of the proposed PPC method are verified by experiment and simulation. Comprehensive simulation and experimental results both show that the proposed PPC method can obtain the lower torque/stator flux ripple, smaller values of THD of stator winding currents, and zero error tracking of stator winding flux.