Power converters and electric machines represent essential components in all fields of electrical engineering. In fact, we are heading towards a future where energy will be more and more electrical: electrical vehicles, electrical motors, renewables, storage systems are now widespread. The ongoing energy transition poses new challenges for interfacing and integrating different power systems. The constraints of space, weight, reliability, performance, and autonomy for the electric system have increased the attention of scientific research in order to find more and more appropriate technological solutions. In this context, power converters and electric machines assume a key role in enabling higher performance of electrical power conversion. Consequently, the design and control of power converters and electric machines shall be developed accordingly to the requirements of the specific application, thus leading to more specialized solutions, with the aim of enhancing the reliability, fault tolerance, and flexibility of the next generation power systems.