This paper presents a fully analog demonstrator based on power system emulation for high-speed power system stability analysis.Abenchmark using a fixed two-machine topology has been implemented. The characteristics of the emulated components (i.e., generators and transmission lines) are reprogrammable and short circuits can be emulated at different distances from the generator. This first realization is limited to transient stability analysis, as the main focus during designwas put on computation speed. Indeed, the emulated phenomena are 10 000 times faster than real time. Moreover the authors aim to emphasize that such highly dedicated computation architectures are not only competitive in terms of speed, but also in terms of modularity.