The multi-terminal modular multi-level converter-based high voltage direct current (MMC-HVDC) grid with short circuit protection equipment (SCPE) is so complex that it is difficult to estimate its fault current and analyze the performance of SCPE by conventional time-domain numerical calculation method, it meets three big obstacles. This paper has made significant progress in overcoming these obstacles. 1). By applying the modern electrical circuit theory, a systematic formulation of the differential equation set for fault current calculation is developed to avoid a lot of complex and cumbersome matrix manual calculations. 2). A novel Y-Delta transformation in the s-domain is proposed to develop an eliminating virtual node approach for a complex MMC-HVDC grid, including the ring, radial, and hybrid topologies. 3). It is difficult to solve the equivalent circuit of MMC-HVDC grid with SCPE since SCPE is a time-variable-nonlinear circuit. A canonical voltage source model of SCPE is established to transform the time-variable-nonlinear circuit into a piecewise linear circuit. Based on the three significant progresses, a DC fault current fast-computing method of MMC-HVDC grid with SCPE is put forward to deal with all kinds of MMC-HVDC grids with several kinds of SCPEs. Then, the performance of several kinds of SCPE is analyzed and compared by this method. Consequently, the proposed DC fault current fast-computing method is a new powerful tool to estimate the fault current of MMC-HVDC grid and analyze the performance of SCPE.
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