Hybrid Energy Storage Systems (HESSs) are based on different storage elements such as batteries or ultra capacitors (UC), aiming to implement a system with high energy and power density. These HESSs using multi-modular power converters to incorporate in each power electronics module a different storage element and then, these modules are interconnected to create the total system. On the other hand, the Modular Multilevel Series Parallel Converter (MMSPC) not only allows dynamic interconnection among the modules in series connection but also in parallel connection. This extra switching state among the modules allows new features and operation modes. In this paper, a HESS based on MMSPC topology is presented. The novel HESS-MMSPC topology is simulated with UC and batteries as storage units, and this proposed system is interconnected to an electrical grid. The control strategy and evaluation of the operation of the proposed system are presented.