Abstract: A power converter for controlling power flow between first and second voltages has the following structure. A common connection links a first polarity of the first and second voltages, and a first electrode of a capacitance is coupled to the common connection. First and second switches are connected in series between the common connection and the second electrode of the capacitance, and the second polarity of the first voltage is coupled through a first inductance to the connection between the first and second switches. Third and fourth switches are also connected in series between the common connection and the second electrode if the capacitance, but the second polarity of the second voltage is coupled through a second polarity of the second voltage is coupled through a second inductance to the connection between the third and fourth switches. A controller controls the operation of all the switches in order to control the power flow between the first and second voltages.