A series hydraulic hybrid system for a vehicle may have: a hydraulic circuit with a first hydraulic displacement unit in fluid communication with a second hydraulic displacement unit, a hydraulic actuator, and a hydraulic accumulator assembly. The hydraulic accumulator assembly is selectively in fluid communication with the hydraulic circuit via at least one controllable circuit valve. The hydraulic accumulator assembly is selectively in fluid communication with the hydraulic actuator via at least one controllable actuator valve, such that the hydraulic accumulator assembly is configured to be selectively fluidly connected with and to be selectively fluidly disconnected from the hydraulic actuator via the at least one actuator valve independently of a control position of the at least one circuit valve. A method of operating the system is also described.