A new slip power recovery system applying a switch mode converter to the rotor circuit of the wound rotor induction machine is proposed and investigated in this paper. With the analysis of the steady-state performances of the proposed system, it can be shown that the speed can be controlled by the duty ratio of the converter switch and the several characteristics of a conventional system can be also improved. In particular, the low power factor and the harmonic components in the line current, which are the main disadvantages of the conventional system, is significantly improved, and linear speed regulation can be obtained. Theoretical and experimental results are presented and illustrated to demonstrate the satisfactory working of the proposed system.