High voltage direct current (HVDC) technology has begun to gather a high degree of interest in the last few decades, showing a fast evolution of achievable voltage levels, transfer capacities, and transmission lengths. All these changes occurred in a context in which power system applications are highly dependent on HVDC technologies such as energy generation from renewable sources (e.g., energy generated in offshore wind power plants), power exchanges between asynchronous networks, submarine cables, and long-length transmission overhead lines have become more common worldwide. This paper tries to summarize the current state of HVDC technologies, both voltage-source converters and current-source converters, the main components of converter substations, control strategies, key challenges arising from their use, as well as the future prospects and trends of HVDC applications. This paper represents the first step in setting the background information for analyzing the impact of a VSC-HVDC connection on the stability of the Romanian transmission network during steady-state and dynamic operation.
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