Provided is an operating method of a full-bridge sub-module (FBSM)-based modular multilevel converter for HVDC transmission with AC-side voltage boosting. The peak value of the AC-side voltage is increased under a constant DC-link voltage by using FBSM's negative output voltage under steady state, wherein keeping the semiconductor's current rating constant during AC-side voltage boosting is in favor of reducing converter cost by decreasing energy interaction between the upper and lower arms in a leg, and further capacitance value of FBSM's capacitor under a constant capacitor voltage ripple, keeping the RMS value of AC-side current constant during AC-side voltage boosting can effectively improve transmission capacity of the converter while reducing converter cost, and keeping converter transmission capacity constant during AC-side voltage boosting can reduce RMS value of arm currents while reducing converter cost, thereby reducing power loss of FBSMs and improving converter efficiency.
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