This paper presents the initial development of a Modelica Library for Electro-Mechanical Actuator system analysis. At present two main system components are described, these are the Power Electronic Converter and Electric Machine, although further components will be added. These models provide the user with the ability to simulate Electric Machine and Power Electronic Converter systems including physical effects, losses and fault conditions. Established modelling programs such as Saber and MATLAB SimPowerSytems are often unable to provide all the aspects required to accurately simulate real systems in an easy to use, flexible manner. Therefore this paper shows how Modelica has been used to create versatile models able to simulate many practical aspects such as Power Electronic Converter losses and Power Electronic Converter faults, Electric Machine losses and Electric Machine faults. Examples are included in order to demonstrate the use of these models within a variety of systems including an Electro-Mechanical Actuator.