Abstract: A power converter comprises at least one high-frequency link having a primary winding and at least one secondary winding. At least one primary circuit is connected to each primary winding and is operable to apply the voltage of at least one capacitive element to the primary winding. At least one secondary circuit is connected to one or more secondary windings of the high-frequency links and is operable to apply the voltage of one or more of the secondary windings to at least one inductive element. The power converter is operable to apply multilevel voltages to the inductive elements.