Reverse conducting type semiconductor switches are arranged in a bride from, an energy storage capacitor is connected with its DC terminal to obtain a magnetic energy regeneration switch, and then an induction coil is connected to its AC terminal. An AC pulse current of variable frequency is obtained by applying a gate signal to the semiconductor switch to thereby turn it ON/OFF; since a voltage is generated automatically by regenerating magnetic energy, a DC power supply is connected to the opposite ends of the capacitor through a smoothing coil, thus injecting power.