It is a device containing an electro-optic crystal
and using the Pockels effect. A voltage applied across the crystal
generates birefringence, causing plane-polarized light propagating
through the crystal to be resolved into two orthogonal vectors.
The change in retardation between the two vectors (ellipticity)
is proportional to the magnitude of the electrical field. A crossed
polarizer analyzes the output beam, resulting in intensity modulation.
Response time can be in picoseconds.