Abstract: A new energy production system 10 is provided having a dual use fan assembly 60 including a plurality of fan blades 62, 64, 66, 68 having fan blade tips; a series of rotating permanent magnets 30 are mounted within an inner rotating ring 90 connected to the rotating fan blade tips; and a series of stationary stators 40 are mounted within an outer surrounding cover or shroud 100, which is fixed and does not rotate; to produce a magnetic field to produce a green alternative energy source. This occurs while the fan assembly 60 also simultaneously operates as a fan to create air flow used for cooling in other industries, such as cooling of HVAC exhaust air, and such as cooling of a radiator in an automotive use, and as a computer fan.