A power converter is presented. The power converter includes at least one leg, the at least one leg includes a first string, where the first string includes a plurality of controllable semiconductor switches, a first connecting node, and a second connecting node, and where the first string is operatively coupled across a first bus and a second bus. Furthermore, the at least one leg includes a second string operatively coupled to the first string via the first connecting node and the second connecting node, where the second string includes a plurality of switching units. A method for power conversion is also presented.