A changing current in a circuit produces a changing magnetic field, and that changing magnetic field can induce an emf in the same circuit. This is called self-induction. The constant that relates the induced emf to the rate of change of current is the inductance L:
The minus sign again reflects Lenz’s law. An inductor resists changes in current, not current itself. A large inductance means even a modest rate of current change can produce a significant induced emf.
An inductor also stores energy in its magnetic field. The energy stored is
This can be derived from power. The instantaneous power into the inductor is
so
which gives
Integrating from 0 to I:
So an inductor is the magnetic analogue of a capacitor, which stores electric-field energy.