This thesis presents the modelling of the FACTS device SVC for dynamical load balancing, power factor correction, and voltage regulation. The algorithm presented here is based on the Steinmetz method to balance a single phase load at the end of a 3-phase transmission line. First, a general open loop control is derived for an SVC coupled through a Y-Y or Y-D transformer, then this algorithm is tested using EMTP/PSCAD simulations. In addition, this thesis presents the design and implementation of a laboratory scale static var compensator to demonstrate the load balancing and power factor correction. The developed board connects to LabVolt bench equipment to complete the SVC system. The digital implementation of this compensator is done using a Texas Instruments microcontroller. The SVC is intended for demonstrating SVC operation and dynamic load balancing fundamentals to students.