This document provides an overview of Flexible AC Transmission Systems (FACTS) technology. It outlines 6 units that will be covered: introduction to FACTS, voltage and current source converters, shunt compensators, series compensators, and combined controllers. The introduction discusses power flow limitations in AC systems and how FACTS devices can control parameters like voltage and impedance to improve power transfer capacity and stability. Key FACTS benefits are listed as well as the characteristics and tradeoffs of high power semiconductor devices used. The document aims to explain how FACTS controllers work and their applications in improving power system performance.