A regulated current-fed power system employs power branching units connected in series. Each power branching unit includes a plurality of parallel-redundant converter groups connected in series with each other within a current path for the regulated current. Each parallel-redundant converter group includes at least two direct current (DC)/DC converters connected in parallel with each other, each sharing the power load. A protection device connected in series with each DC/DC converter disconnects the respective DC/DC converter from the regulated current when the respective DC/DC converter short circuits, with the remaining DC/DC converter(s) then receiving more of the power load. An active clamp connected in parallel with all of the DC/DC converters within a parallel-redundant converter group temporarily sinks a portion of the regulated current when one of the DC/DC converters fails in a short-circuit condition. The active clamp shunts the regulated current around all DC/DC converters within the parallel-redundant converter group converters fail in a short-circuit condition.