This paper presents the modeling and steady-state performance of a novel dual-winding reluctance generator (DWRG) that uses a multiple-barrier (MB) rotor. A simple mathematical model was developed, and the effects of external parameters (speed, field current, and load) on the steady-state performance were analyzed. Experimental results conducted on a prototype machine were also provided to justify the theoretical approach and performance calculations. The developed model takes into account the magnetic saturation and core loss and enables a quantitative prediction of load characteristics from the no-load test data.