The best way to describe how the SEG works is to compare it to a concept we already understand fully, a Dam.
Water in its usable form flows through the Hydroelectric Dam = Electrons in Neodymium in their usable form flow through the dielectric layer (Electron Dam or Regulator).
As the water is allowed to flow through the motor-generator, it starts to produce electricity = As the electrons are allowed to flow, the SEG motor-generator starts to produce electricity with external C-shaped electromagnets.
The water behind the dam is understood = The electron behind the SEG dam should be understood likewise.
That the dam holds back water in H2O currents is understood = That the SEG dam holds back electrons within the Neodymium in electrical currents should be understood likewise.
As the hydroelectric motor is regulated with flow of water, more water, more power is understood = As the SEG motor regulates the flow of electrons, more electrons, more power can be understood just as well.
In both cases the flow of the medium turns the motor generator.
In both cases the motor generator produces electricity.
In both cases we can see that hydroelectric power and SEG power are very similar.
The primary difference is the medium used to turn the motor/ generator system.