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Hi Johnathan,
With an external gate driver it should work. The challenge of switching this much voltage is the FET required. A FET rated to handle the 700V (higher rating needed to account for ringing and overshoot) could take a lot of current to turn on and turn off quick enough to limit switching losses and have low enough Rds(on) to limit conduction losses. The external gate driver will increase gate drive current to decrease the turn on and turn off time of the FET reducing switching losses.
Best Regards,
Anthony