The document discusses Static Var Compensators (SVCs) and Static Synchronous Compensators (STATCOMs), which are types of Flexible AC Transmission System (FACTS) devices. It describes how SVC and STATCOM devices work, including their modes of operation, control techniques, and applications in electrical grids and wind farms. Specifically, it explains that SVCs function as dynamically controllable reactances while STATCOMs operate as controllable voltage sources, and that STATCOMs can inject reactive current regardless of voltage levels while SVCs have a quadratic dependence on voltage.