This paper investigates the advances in Flexible AC Transmission System (FACTS) technology and its application in enhancing transient stability in power systems. FACTS devices are becoming increasingly popular due to their ability to improve power system performance by controlling power flow, voltage, and stability. Various FACTS technologies are reviewed, including Static Var Compensator (SVC), Static Synchronous Compensator (STATCOM), and Static Synchronous Series Compensator (SSSC), among others. The impact of these technologies on power system stability is examined and a comprehensive analysis of their effectiveness in mitigating transient stability issues is provided. Recommendations for future research in the field of FACTS technology for improving the reliability and stability of power systems are given in the conclusion.