Magnetism is not a form of energy itself, but rather a property or phenomenon associated with certain materials and moving electric charges. It can, however, be related to energy in various ways.
When a magnetic field interacts with moving electric charges, such as electrons flowing through a wire, it can induce an electric current. This phenomenon is the basis for electromagnetic induction, which is utilized in devices such as generators and transformers to convert mechanical energy into electrical energy and vice versa.
Additionally, magnetic fields can store energy. In the presence of a magnetic field, materials with magnetic properties, such as magnets, can exhibit potential energy. When magnets attract or repel each other, work is done and energy can be transferred.
So while magnetism itself is not a form of energy, it can be involved in energy transfer and conversion processes.