Abstract: There is a control circuit comprising first and second DC terminals for connection to a DC network, the first and second DC terminals having a plurality of modules and at least one energy conversion element connected in series therebetween to define a current transmission path, the plurality of modules defining a chain-link converter, each module including at least one energy storage device, the or each energy storage device being selectively removable from the current transmission path to cause a current waveform to flow from the DC network through the current transmission path and the or each energy conversion element and thereby remove energy from the DC network, the or each energy storage device being selectively removable from the current transmission path to modulate the current waveform to maintain a zero net change in energy level of the chain-link converter.