Flexible AC Transmission Systems (FACTS) utilize power electronics to enhance controllability and power transfer in AC transmission systems. They include various controllers categorized as series, shunt, and combined types, each designed to manage parameters such as current and voltage. Key devices such as Static Synchronous Compensators (STATCOMs) and Unified Power Flow Controllers (UPFCs) are vital in optimizing power flow, improving system stability, and increasing transmission capabilities.