Installing a three-phase saturated core fault current limiter (TSFCL) is an effective method to limit the increasing short-circuit current in high-voltage alternating current (HVAC) systems. However, the traditional TSFCL uses silicon steels as its working material for the iron core, resulting in poor current-limiting effects, requiring a large DC excitation current, and having a slow response speed. Nanocrystalline alloys have advantages such as a lower saturation point, higher permeability in the unsaturated zone, and a steep B–H curve, making them highly suitable for TSFCL’s applications. However, their poor capability which withstands fault hindered their large-scale commercialization. Therefore, this paper proposes a novel hybrid magnetic material based on TSFCL (HMTFCL), where the materials of the working limbs are replaced by nanocrystalline alloys. Compared to TSFCL, the DC excitation current of HMTFCL decreases by 60.5%. And, the HMTFCL reduces the peak short-circuit current by 23%. Last, the magnetic flux intensity inside the working limb of HMTFCL is reduced to zero more quickly.
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