The document discusses two types of inverters - current source inverters (CSI) and voltage source inverters (VSI). It describes the construction and working of CSI, which uses thyristors to control current, and VSI, which uses switches to control voltage. CSI is useful for applications like AC motor drives due to inherent short circuit protection and limited peak currents. VSI has smaller size but difficult short circuit protection. The document also covers applications of CSI for induction motor drives and VSI-based flexible AC transmission systems (FACTS) devices for improving power flow.