Multiphase electromagnetic machines, such as free-piston engines or compressors, may require, or supply, a pulsed power profile from or to a DC bus, respectively. The pulsed power profile may include relatively large fluctuations in instantaneous power. Sourcing, sinking, or otherwise exchanging power with an AC grid, via an inverter, may be accomplished by using an energy storage device and a DC-DC converter coupled to a DC bus. The energy storage device may aid in smoothing the pulsed power profile, while the DC-DC converter may aid in reducing fluctuations in voltage across a DC bus due to energy storage in the energy storage device.