A new static synchronous compensator (STATCOM) based on Flying Capacitor modular multilevel converter (DCM2C) is proposed in this thesis. In this converter topology the capacitor voltage is clamped by using a low power rating diode in each sub-module (SM). The quantity of voltage sensors is significantly reduced and is free from the number of voltage levels. Furthermore the voltage balancing control method becomes very simple and the capacitor voltage balance speed is fast. Based on the structure of MMC the DCM2C-STATCOM has the capability of Var compensation and negative sequence current compensation. The topology characteristics and compensation control method of DCM2C-STATCOM are investigated in this thesis. That the capacitor voltage of the proposed DCM2C-STATCOM can be well balanced and the Var and negative-sequence current compensation are effective.
