A stored energy power source uses a wound-rotor induction machine (WRIM) to receive energy from a prime mover via a rotating shaft, provide magnetization reactive energy from a self-excited AC capacitor bank, store the energy in N energy storage elements (ESEs) via tertiary windings, and discharge the ESEs to deliver energy via a secondary winding to a load producing output. Each discharging ESE contributes to a total flux at the secondary winding to sum the individual ESEs voltages. These voltages can be stepped up or down by a transformation ratio between the secondary winding and each of the tertiary windings. A flywheel may be coupled to the shaft to store and delivery kinetic energy. Load factor power control can be used to stabilize the output voltage. The source may be configured to allow for the bi-directional flow of energy between the ESEs, the flywheel and the load. The WRIM provides a safe, reliable and efficient system to provide high-level AC and DC output voltages.