This paper introduced a new modular multi-level converter (MMC), which could enhance the voltage and power level by sub-converter modules in series and was easy to extend to any level of output. Its structure and working mechanism were described. By analyzing the energy transfer performance of STATCOM based on MMC working conditions in the unbalance compensation, this paper studied compensation control theory in unbalanced complex conditions. To obtain compensation control response speed faster and better compensation effect, a comprehensive compensation control strategy was proposed based on ...