Eddy current brake
An eddy current brake, also known as an induction brake, Faraday brake, electric brake or electric retarder, is a device used to slow or stop a moving object by generating eddy currents and thus dissipating its kinetic energy as heat. Unlike friction brakes, where the drag force that stops the moving object is provided by friction between two surfaces pressed together, the drag force in an eddy current brake is an electromagnetic force between a magnet and a nearby conductive object in relative motion, due to eddy currents induced in the conductor through electromagnetic induction.