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A converter or inverter is a device that accepts AC or DC power and converts/inverts it to another form of AC or DC power for direct utilization by a load or accumulation in an energy storage system.
In the common terminology the name "inverter" is used with regard to low-volt (12V or 24V) dc to (120 or 230/240V) ac converters as it inverts the usual proces of converting the mains voltage to whatever dc voltage is required ..