Adequacy of Hybrid AC-DC Grids with Reliability Oriented Modular Multilevel Converter Design - A Case Study Using Modified RTS-24 Network

The role of power electronics in advancing electrification and sustainability is pivotal. The Modular Multilevel Converter (MMC) is a leading candidate for connecting offshore wind farms to the power grid. However, one of the primary concerns with MMC is its reliability, primarily due to the high number of components, with semiconductors and capacitors being the main sources of failures. This study examines how the modularity and redundancy of the MMC affect its reliability and, consequently, its impact on power system adequacy. Our findings reveal a substantial influence of MMC's modularity and redundancy on power system adequacy. A high level of modularity with no redundancy leads to the worst-case scenario. On the other hand, lower modularity combined with higher redundancy results in the best scenario for power system adequacy. However, it's important to note that lower modularity and higher redundancy come with increased capital costs of MMC, representing a trade-off between reliability and affordability that we explore in this paper.