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Design, parameters, and application areas of a superconducting fault current limiter (FCL) are analyzed on the basis of the requirements of power systems. The comparison of resistive and inductive designs is carried out. An example of the effective application of FCLs in distribution substations is considered and the gain from the FCL installation is discussed. It is shown that an FCL not only limits a fault current but also increases the dynamic stability of the synchronous operation of electric machines. The calculation procedure of the parameters of an inductive FCL for a specific application case is described.