Abstract Electrospinning is increasingly used as a staple technology for the fabrication of nano‐ and micro‐fibers of different materials. Most processes utilize direct current (DC) electrospinning, and a multitude of DC‐electrospinning tools ranging from research to commercial production systems is currently available. Yet, there are numerous studies performed on electrospinning techniques utilizing non‐DC, periodic electric fields, or alternating current (AC) electrospinning. Those studies demonstrate the strong potential of AC‐electrospinning for the sustainable production of various nanofibrous materials and structures. Although tremendous progress is achieved in the development of AC‐electrospinning over the last 10 years, this technique remains uncommon. This paper reviews the AC‐electrospinning concepts, instrumentation, and technology. The main focus of this review is the most studied, “electric wind” driven AC‐electrospinning technique tentatively named alternating field electrospinning (AFES). The latter term emphasizes the role of the AC electric field's confinement to the fiber‐generating electrode and the absence of a counter electrode in such an electrospinning system. The synopses of AFES process parameters, fiber‐generating spinneret designs, benefits and obstacles, advancements in AC electrospun nano/micro‐fibrous materials/structures and their applications are given, and future directions are discussed.