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Variable frequency drives induce shaft voltages onto the shaft of the driven motor because of the extremely high speed switching of the insulated gate bipolar transistors which produce the pulse width modulation used to control AC motors in commercial industrial and even consumer applications. This voltage induced on the shaft becomes great enough to overcome the dielectric of the oil film in the bearing causing bearing discharges known as electrical discharge machining effect. Unless mitigation for these shaft voltages is employed in the motor, the motor's bearings may become damaged from the electrical bearing currents which cause pitting and excessive bearing noise, fluting and finally motor failure. The cause of this problem and commonly applied mitigation methods are discussed as well as a new and highly effective conductive micro fiber shaft grounding ring technology which resolves these problems.