GRANVILLE, N.Y., Sept. 9, 2013 /PRNewswire/ -- InventorOne-The Andrew Abolafia Co., a business located in Granville, NY, has discovered that there are large amounts of intrinsic energy stored in certain types of permanent magnets. Its innovation makes the extraction of that energy practical and cost effective. The Static Field Converter, the name of the company invention (patent number 7,983,726 B2), extracts that energy and converts it to electric power. The amount of stored energy contained in certain types of permanent magnets and the ease of obtaining it make permanent magnets useful as a large and long lasting source of stored energy. The cost of extracting and converting the intrinsic stored energy in permanent magnets to electric power, using the Static Field Converter, is orders of magnitude less expensive than the cost of the acquisition and conversion of energy necessary for conventional power generation. The Static Field Converter is independent of additional fuel sources and equipment.
Electricity can electrolyze water into its constituent elements hydrogen and oxygen. The Static Field Converter can make this process economically viable. Hydrogen can replace fossil fuels, without pollution, in most combustion environments. It can power fuel cells, which can be used to power electric vehicles. Portable, inexpensive electric power can be used by the power industry for distributed generation. Distributed generation is on site electric power generation used to mitigate power grid overuse during peak periods. It can be scaled up for primary electric generation. The invention can also give our military a considerable strategic advantage.
The innovation has been studied extensively. A working prototype has been built and tested. Demonstrations can be arranged by contacting InventorOne-The Andrew Abolafia Co.
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