Dual stator-winding induction generator (DWIG) is one kind of emerging multiport electrical machine. It has become a promising direction in the last two decades, especially for stand-alone power systems and renewable energy power systems. This paper mainly focuses on the DWIG with similar-poles stator windings and cage-type rotor. An overview of DWIG and its system is given. Recent advances of this generator in system topologies, mathematical model, optimal design, control strategies, and performance analysis are presented. The developments and potential applications of the DWIG-based system are also discussed.