William67
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It was bugging me, so I looked it up. It's the law of conservation of energy, which I had forgotten about, but it's kind of hard to wrap your mind around how you can't create energy even if there is no friction.
So, ideally, if it were suspended in a magnetic field, and in a vacuum, it could be used to pass a magnetic field over a circuit to induct the flow of electricity (it would still make a very nice energy storage device), but I think the electronic circuit itself might project a magnetic field of its own, resisting the flywheel.
Tesla created a similar device in 1894. Although, in Tesla's device, the current was induced by an A/C induction coil generating a magnetic field, which created current in another coil. However, the induction coil needed a source of power and the magnetic field, because it was A/C, oscillated at a high frequency. (This is actually how induction cooktops work by "push/pulling" the iron atoms in cookware and generating heat).
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