Magnets attract each other with a force (magnetic force), because they possess magnetic energy.
My question is, is there any way, by which we can convert that magnetic energy into electrical energy?
I know about Faraday's experiment. But I think that the electricity produced in it, is due to mechanical energy - used to produce the relative motion of the coil and the magnet.
But, I want to know if electricity can be produced purely by using magnetic energy, i.e, we convert magnetic energy into electrical energy, so that in that process, the magnet loses its energy?