The high voltage and high power adjustable speed drive (ASD) system is one of the most attractive fields in power electronics, and it is also a very crucial technique for energy saving and emission reduction. This paper discussed and analyzed the main cutting-edge knowledge and issues in the process of exploiting the high voltage and high power ASD system. The high voltage and high power adjustable speed drive (ASD) system is one of the most attractive fields in power electronics, and it is also a very crucial technique for energy saving and emission reduction. This paper discussed and analyzed the main cutting-edge knowledge and issues in the process of exploiting the high voltage and high power ASD system.