But would a vfd at 240v (or 120v if you can find one that would deliver 3HP) work when wired to a step up transformer 240V back to the 400v of the motor?
I'm assuming so..... But those transformers aren't cheap and you would have to have one each for the two machines as they would be fed from individual VFDs.
And you are mistaken that you can find a new or even used VFD at 3HP for $100 that is working. Most that size are twice or more. I'd expect you are looking at $300 to $500 per machine for the vfd and transformer and that is used prices.
either sell the machines where the sit, or buy new motors that you can power off the line.
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