A synchronous machine system comprising a synchronous motor including a stator, stator winding, rotor, and field winding; an AC power supply circuit structured to transmit current to or from the stator winding of the synchronous motor at a controlled frequency and transmit current to or from a power source at a controlled frequency; a DC exciter unit structured to receive power from a power source, convert the received power to DC power at a desired voltage, and supply the converted power across a DC bus to the field winding of the synchronous motor; and an energy storage circuit coupled to the DC bus of the DC exciter unit having at least one ultracapacitor, and structured to receive power from a power source, to charge the ultracapacitor, and to provide power to the field winding of the synchronous motor following a power failure.