A high-power reversible converter can achieve a variety of functions, such as recovering regenerative braking energy, expanding traction power capacity, and improving an alternating current (AC) grid power factor. A new hybrid traction power supply scheme, which consists of a high-power reversible converter and two 12-pulse diode rectifiers, is proposed. A droop control method based on load current feed-forward is adopted to realize the load distribution between the reversible converter and the existing 12-pulse diode rectifiers. The direct current (DC) short-circuit characteristics of the reversible converter is studied, then the relationship between the peak fault current and the circuit parameters is obtained from theoretical calculations and validated by computer simulation. The first two sets of 2 MW reversible converters have been successfully applied in Beijing Metro Line 10, the proposed hybrid application scheme and coordinated control strategy are verified, and 11.15% of average energy-savings is reached.