A permanent magnet energy converter is described wherein the converter comprises: a stator structure including a stator magnet having a spiral geometry; the stator magnet having a U-shaped cross-section, a first leg of the U-shaped cross-section forming a first magnetic pole and a second leg of the U-shaped cross-section forming a second magnetic pole; an elongated rotor structure having a first and second end being positioned within the stator structure, the rotor structure being configured to rotate about rotation axis, herein the rotor structure includes: first and second elongated core elements of a magnetizable material, a first end and second end of the first core element being aligned with the first magnetic pole of the stator magnet and a first end and second end of the second core element being aligned with second magnetic pole of the stator magnet; one or more permanent magnets arranged to magnetize the first and second elongated core elements; and, a first magnetic coil structure for reversing the magnetic polarity of the first end of