A power converter (10, 40) for converting between a first and second voltage, the first voltage being a DC voltage (V DC) and the second voltage being a single-phase or multi-phase AC voltage, comprising - a DC link with a capacitor series comprising three capacitors (191...193), the outer nodes of the capacitor series forming an upper and lower DC terminal (121, 122) of the power converter (10, 40) and the connection points between the capacitors forming an upper and lower intermediate voltage node (181, 182), - one or more phase legs, each phase leg comprising: -- an upper switch series arranged between the upper DC terminal and the lower intermediate voltage node, the upper switch series comprising two semiconductor switches (261, 262), -- a lower switch series arranged between the lower DC terminal and the upper intermediate voltage node, the lower switch series comprising two semiconductor switches (263, 264), -- an inner switch series arranged between the midpoints of the upper and the lower switch series (20, 22), the inner switch series comprising two semiconductor switches (265, 266), the midpoint of the inner switch series forming an AC terminal of the power converter (10, 40), wherein the semiconductor switches (265, 266) of the inner switch series are bidirectional semiconductor switches (265, 266). - a DC link with a capacitor series comprising three capacitors (191...193), the outer nodes of the capacitor series forming an upper and lower DC terminal (121, 122) of the power converter (10, 40) and the connection points between the capacitors forming an upper and lower intermediate voltage node (181, 182), - one or more phase legs, each phase leg comprising: -- an upper switch series arranged between the upper DC terminal and the lower intermediate voltage node, the upper switch series comprising two semiconductor switches (261, 262), -- a lower switch series arranged between the lower DC terminal and the upper intermediate voltage node, the lower switch series comprising two semiconductor switches (263, 264), -- an inner switch series arranged between the midpoints of the upper and the lower switch series (20, 22), the inner switch series comprising two semiconductor switches (265, 266), the midpoint of the inner switch series forming an AC terminal of the power converter (10, 40), wherein the semiconductor switches (265, 266) of the inner switch series are bidirectional semiconductor switches (265, 266). -- an upper switch series arranged between the upper DC terminal and the lower intermediate voltage node, the upper switch series comprising two semiconductor switches (261, 262), -- a lower switch series arranged between the lower DC terminal and the upper intermediate voltage node, the lower switch series comprising two semiconductor switches (263, 264), -- an inner switch series arranged between the midpoints of the upper and the lower switch series (20, 22), the inner switch series comprising two semiconductor switches (265, 266), the midpoint of the inner switch series forming an AC terminal of the power converter (10, 40), wherein the semiconductor switches (265, 266) of the inner switch series are bidirectional semiconductor switches (265, 266).