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An invester that Jim speaks about is actually converting the Hz (frequency) of the electrical supply and not the voltage.
Usually we run at 50Hz in the Uk t 240 volts. The one that Jim is using will usually change the frequency from 0 to 60 Hz
But the voltage will stay the same. They are a better way of controlling the speed of motors.
You can over speed a motor giving it 60Hz but if you reduce the Hz too far then you will need to supply some cooling for the motor as it may overheat.
Hope that explains ,
Up date, remember as a guide that 2 pole single phase motor runs at 3000 RPM, 4 pole motor runs at 1500. (1450 to be exact
)