STATCOM : A particular type of Static Var Compensator, in which Power Electronic Devices such as GTO's are used to generate the reactive power required, rather than capacitors and inductors
Young & Company Electric Power Products and Related Engineering Services, Glossary of Electrical Terms, http://www.youngco.com/young2.asp?ID=4&Type=3, CA., USA 2001. (Electr Sfty - Amer) {514}