It's a bit useless practically though as the plates have to be very close as the force falls off as the 4th power of the separation distance.
Is it known why it falls off so sharply?
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Although featured in science fiction as a potential source of energy, it is not known how that such energy could ever be made use of. To make use of an energy source there needs to be a lower energy state than the source. By definition, there is not thought to be one in this case.