One of the main orientations in power electronics in the last decade has been the development of switching-mode converters without inductors and transformers. Light weight, small size and high power density are the result of using only switches and capacitors in the power stage of these converters. Thus, they serve as ideal power supplies for mobile electronic systems (e.g. cellular phones, personal digital assistants, and so forth). Switched-capacitor (SC) converters, with their large voltage conversion ratio, promise to be a response to such challenges of the 21st century as high-efficiency converters with low EMI emissions and the ability to realize steep step-down of the voltage (to 3V or even a smaller supply voltage for integrated circuits) or steep step-up of the voltage for automotive industry or internet services in the telecom industry. This paper is a tutorial of the main results in SC-converter research and design. Switched-Capacitor Converters— A Typical Power Electronics Contribution of the CAS Society From all of the research subjects in the Power Systems and Power Electronics Circuits Technical Committee—the stability of power systems, analysis of power electronics circuits (which are time-variable circuits with internally-controlled switches), chaos, modeling and simulation of converters, hardswitching and soft-switching converters, and so forth—the SCconverter is probably the most pertinent contribution of the CAS Society to power electronics. In fact, most of the researchers in this field belong to our Society’s technical committee and most of the breakthrough contributions on this subject have appeared in CAS publications. The reason for this is clear. Pursuing small size filters in the 1950’s, the circuit theory community found a solution in the elimination of bulky inductors from the structure of a passive filter. Active and then switched-capacitor filters showed the possibility of implementing the filtering function without using magnetic devices. The power electronics designer faced a similar challenge: the request for miniaturization of the power supply. This could be achieved only by eliminating the inductors and transformers. In a converter, the inductor serves the two purposes of processing energy and filtering the output voltage. The use of a switched-capacitor circuit for processing energy seemed doomed to failure because it is known that charging a capacitor from zero is achieved at a 50% efficiency. Ten years of research were needed to overcome the efficiency dilemma and to develop high-efficiency switched-capacitor energy-processing circuits. First SC Converters and Basic Principles The primary goal of any switching-mode power converter is to provide a constant (DC or AC) output voltage at its load, despite variations in the input voltage or load. A control element, therefore, has to be introduced in the process of transmitting energy so that the converter (power stage) changes its topology cyclically, and the durations of the switching topologies are adjusted for regulation purposes. The first SC converters were developed by a group of researchers from Kumamoto, Japan, who processed a DC unregulated voltage toward a DC regulated voltage [1, 2, 4]. These DC-DC converters were soon followed by AC-DC converters [3], DC-AC inverters [5] and AC-AC transformers [6]. By avoiding magnetic elements, these circuits, realized in a hybrid technology, featured a high power density (23W/inch). Figure 1(a). Basic SC step-down DC-DC converter. *A. Ioinovici is with the Department of Electrical and Electronics Engineering, Holon Academic Institute of Technology, Israel. R V S