This is an amazing induction heater and now you can build your own for fun or as a powerful tool. I have put together an extensive tutorial at http://inductionheatertutorial.com with schematics for building a 3 and 12kw unit. You'll be able to instantly melt steel aluminum and copper. You can use this for brazing, melting and forging metals. You can use this for casting, too. The tutorial covers theory, components and assembly of some of critical components. The tutorial is large. I will go over the main steps here to give you an idea of what goes into a project like this and how to design it so you don't blow any mosfets or IGBTs.
If you wish, you can refer to the link above. This Instructable presumes you have a good understanding of electronics and induction heaters. Let's begin.
As an aside, I have put together a very accurate low-cost cryogenic digital thermometer. Watch me put it up against a standard name-brand using liquid nitrogen for the test.
The basic components are the inverter, driver, coupling transformer and RLC tank circuit. I'll show you the schematics in a little bit. Let's start with the inverter. This is an electrical device that changes the direction of DC current to AC current. For a high-power unit this must be robust. Above you can see the shielding that is used to protect the mosfet gate drive from any stray EMF. Stray EMF causes noise, which results in high-frequency switching. This leads to overheating and failure of the mosfet.
The high-current traces on the circuit board are underneath. Many layers of copper are used to allow them to carry over 50A of current. You do not want them overheating. Also note the large aluminum water-cooled heat sinks on each side. This is needed to remove the heat generated by the mosfets. I originally used fan-cooling, but to deal with this power I have small pond pumps moving plain water through the aluminum heat sinks. As long as the water is clean there should be no conduction. I also have thin mica pads underneath the mosfets to ensure there is no conduction through the sinks.