There is no such thing as Free Energy. Any electric power from Solar cells, Wind, Tidal, Geothermal, Hydro-electric is only free, after we starting up these methods for generating electric power by providing some capital cost. Energy becomes free only after some point since we do not have to pay charges for electric power generated through these non-conventional methods for generating electric power.
Hence the concept of using magnets in generation of electricity has been around us from a long time.
For many years simple magnets have been used for their magnetic field to produce electric power. They are placed in the inside core of motors & generators. The basic principle of power generation lies under the magnetic effect. It states that “When a conductor is rotated in a magnetic field, a voltage is induced in the conductor”. So here we will be dealing with such conductors [2]