With the widespread use of power electronics technology, the United States would be able to cut electrical energy consumption by 33 percent. The energy savings, by today’s measure, is equivalent to the total output of 840 fossil fuel-based generating plants. This would result in enormous economic, environmental and social benefits. The engineers of the Center for Power Electronics Systems (CPES) are working to make electric power processing more efficient and more exact in order to achieve these benefits. The effort requires close collaboration with industry and with researchers across universities and fields of endeavor. Electrification is considered the greatest engineering feat of the 20th century by the National Academy of Engineering. The dream of CPES engineers is to take electricity to the next step and develop power processing systems of the highest value to society.