Abstract
The magnetic energy stored in the corona is the only plausible source for the energy released during large solar flares. During the last 20 years most theoretical work has concentrated on models which store magnetic energy in the corona in the form of electrical currents, and a major goal of present day research is to understand how these currents are created, and then later dissipated during a flare. Another important goal is to find a flare model which can eject magnetic flux into interplanetary space. Although many flares do not eject magnetic flux, those which do are of special importance for solar-terrestrial relations since the ejected flux can have dramatic effects if it hits the Earth's magnetosphere. Three flare models which have been extensively investigated are the emerging-flux model, the sheared-arcade model, and the magnetic-flux-rope model. All of these models can store and release magnetic energy efficiently provided that rapid magnetic reconnection occurs. However, only the magnetic-flux-rope model appears to provide a plausible mechanism for ejecting magnetic flux into interplanetary space.