Flexo
Stray currents go from stator windings to motor frame via winding-to-slot wall capacitance. There are also stray currents from cable conductors to cable shield to screen or armour. These currents seek ground (one could also say that they want to go "home" it is a good pedagogical picture, but it may obscure the understanding).
The impedance in the path from motor frame to ground determines if the HF voltage drop in the return path will be huge or small and you could either measure frame voltage against "Mother Earth" (if you can find her) or against the driven machinery. I mostly measure against driven machinery because it is the voltage across the bearing that is critical and the voltage difference between motor frame and driven machine usually is dropped over the DE bearing.
If you want to avoid bearing EDM and also reduce EMI, it is good to create a low-impedance path from motor frame to driven machine. Especially if the latter is a huge thing with good ground connection and tubing for water, gas, reject or products attached to it. You can't find better ground anywhere even if you buy a ton of copper plate and bury it. The reason for that is that the cable needed to connect to the immense ground plate still has around 1 microhenry per meter and the PWM edges (100 or 200 ns with 600+ V) create spikes with anything between a few volts and up to 20 V amplitudes. Often with ringing that makes the EMI worse.
Bonding the motor frame to the machine with a straight tinned Cu braid will create an easy path to machine (as close to Mother Earth as you can get) for the stray currents and is the number one remedy when you have EDM in large motors.
Your question about where to measure? I always measure between motor frame and driven machine and then add one or two braids* to get peaks down to one or two volts. I then check voltage across the DE bearing to see if it is “low enough” and that there are no discharges through the oil film.
*A note on braids and copper wires: The braid is effective as long as the length/width ratio is below around 3. For long braids, the impedance is about the same as it is for a wire. I therefore use naked Cu wires placed as wide apart from each other as possible as soon as distance between motor and machine is one foot or more. They are easier to find, easier to connect and clamp and cost less.
Gunnar Englund
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Half full - Half empty? I don't mind. It's what in it that counts.