Another possibility is to used two identical drives and motors. Couple the motors together [use a coupler that can take the load and has some give]. Set one drive in speed mode and the other in torque mode. This is like a dynomometer setup. We called this "4-Square Testing" You can do this with AC or Brushless DC. The theory is: if you match the drive with the load, the only energy needed is the inefficiencies of the system. In practice, the startup and shutdown requirements might need a bigger power supply.
Of course caution should be taken to operate the motors and drives so that you do not overstress the drive electronics or the motor windings. You should also find out any instabilities in the system. e.g resonance points etc. I recommend that you model and simulate this setup first before you actually try it especially if you are dealing with high power. You might need to include a stablizing network [resistor loads] basically to move the poles or zeors.