The University of Nebraska, Lincoln (UNL) will develop an innovative concept for an electromagnetic induction-based static power converter for AC to AC electrical conversions. Their method will use a new device, the magnetic flux valve, to actively control the magnetic flux of the converter. The voltages induced across the device can be controlled by varying the magnetic fluxes. By synthesizing the induced voltages appropriately, the converter can take an AC input and generate an AC output with controllable amplitude, frequency, and waveform. During this project, the team plans to prove the concept of the magnetic flux valve; prove the concept for variable-frequency and variable voltage AC-AC electrical energy conversion; and conduct a study on the scalability of the magnetic flux valve and electromagnetic power converter concepts. If successful, the technology has the potential to achieve lower cost, higher energy density, and higher efficiency than traditional energy conversion technologies. More efficient conversion technologies for high voltage and high power applications can lead to new innovations in renewable power generation and smart grid applications.