Abstract: The present invention is a system and method for utilizing magnetic energy. The basic principles of the present invention may be implemented in a variety of systems and methods. A magnet may be rotated or an electromagnet may be controlled in order to control a magnetic field generated by a set of magnets. As a result, numerous, substantial benefits may be achieved by providing at least one set of multiple magnets. For example, the present invention may be used in systems and methods to perform a variety of functions including, but not limited to: (1) to control, manipulate, hold, and/or release a load; (2) to open and/or close a pathway; (3) to open and/or close a circuit; (4) to apply a magnetic field to a load and/or to remove a magnetic field from a load; (5) to intermittently apply and remove a magnetic field; (6) to increase the magnetic field that may be applied to a load; (7) to induce a load into motion; (8) to create energy; and (9) to improve the energy efficiency of a device or system.