A variable speed alternator can include a shaft and adjustable pulley assembly coupled to the shaft. The adjustable pulley assembly can include a support member fixed to the shaft and an adjustable pulley moveably coupled to the support member. The adjustable pulley can have a plurality of individually moveable members each with an outer surface forming a portion of a belt engaging surface for receiving a flat belt to drive the adjustable pulley. Each moveable member can be selectively linearly moveable in a radial direction to vary an outer diameter of the adjustable pulley between a first position having a first outer diameter and a second position having a second outer diameter to selectively vary a driven speed of the alternator shaft.