Abstract: Featured is a hybrid permanent magnet/homopolar power producing device and methods related thereto. The device includes first and second portions, the portions being arranged to have a common long axis and so one portion is moving with respect to the other portion. The first portion includes a stator, and a modulating field winding that generates a magnetic field responsive to a DC current therethrough. The second portion includes a support member having a mounting surface, a plurality of permanent magnets and steel poles affixed to the mounting surface, and being arranged thereon so as to form an alteration of steel and permanent magnet poles.