The invention relates to a magnetic fluid power generation device, which is composed of a solar reflector, an air inlet pipe, an air injection chamber, an ionization chamber, a power generation channel, a recovery chamber, an exhaust pipe, a permanent magnet, a power transmission system and a storage battery pack, wherein a fossil fuel combustion chamber is added additionally. The ionization chamber is provided with two pairs of positive and negative reverse high-voltage discharging rods, the power generation channel is provided with a collection baffle, the reflector is composed of a hemispheric concave mirror and a small cylinder and provided with an automatic steering device for tracking light, the air injection chamber is provided with an air inlet pump and a tourmaline net, and the recovery chamber is provided with an exhaust pump. Working medium xenon absorbs heat in the reflector to rise to a high temperature to be input in the air inlet pipe, is accelerated through the air injection chamber, rubs with the tourmaline net to be ionized, and is sprayed in the ionization chamber to encounter a cross strong electric field to generate electric corona, all of the gas is almost ionized, generated plasma gas enters the power generation channel and is affected by Lorentz force to have deflection, positive and negative charged particles are respectively concentrated on the collection baffle and a negative plate to form a positive pole and a negative pole of a generator, electric power is led out, and rated alternating current is output after voltage stabilization and inversion. Two poles of the generator are in parallel connection with the storage battery pack to be charged or discharged mutually. The magnetic fluid power generation device has the advantages of utilizing light energy and heat energy, converting the light energy and the heat energy into electric energy, and obtaining high power generation efficiency.