Some examples of magnetic energy are a magnetic resonance imaging, or MRI, machine, a compass, the Earth's magnetic field and the starter in a car. Maxwell's equations relates magnetic energy to electric energy. These equations describe how magnetic and electric fields are generated and altered by each other.Continue Reading
In electric energy, when electrons move through the wire, they create a magnetic field. If that electric wire is wrapped around a piece of iron, that magnetic field causes the iron to become magnetized. This is the reason that magnetic energy and electric energy are so closely related. Because of this, many everyday things contain magnetic energy.