Modern trends in electric drives involve replacing fixed speed drives with more efficient variable speed drives using power electronic converters and control. Variable speed drives allow optimizing motor speed for different applications and loads. Power electronic converters are used in electric drive systems to convert electric energy from AC sources like the grid to regulated DC or AC for electric motors. Modern drive systems use intelligent controllers and sensors for improved performance. Common electric motors used in drive systems include DC motors, induction motors, and permanent magnet synchronous motors.