A flux transfer device includes a first conductive element for generating magnetic flux when energized by an electric current and a second conductive element being concentric with the first conductive element, wherein the second conductive element generates an electric voltage/current in response to changes in the magnetic flux. A first magnetic element is concentric with the first conductive element, such that the magnetic flux generated by the first conductive element displaces at least a portion of the magnetic flux from the first magnetic element, thereby inducing an electric voltage/current in the second conductive element. A third conductive element and a second magnetic element may be positioned concentrically with the first conductive element such that the magnetic flux generated by the first conductive element displaces at least a portion of magnetic flux from the second magnetic element, thereby inducing an electric voltage/current in the third conductive element.