The energy transition is thoroughly conducted worldwide, with a significant shift from fossil fuels to renewable sources. The most essential benefit of utilizing clean energy is environmental sustainability, which reduces greenhouse gas emissions. The technology of multilevel converters is of great significance for converting high-voltage and large-capacity electric energy and improving power consumption efficiency. Compared with traditional topology, modular multilevel converter (MMC) adopts a modular design, and each module is composed of independent sub-modules, which is highly flexible and scalable. This design allows the number of sub-modules to be increased or reduced according to actual needs, adapting to different voltages and power levels. However, its distinct characteristics, such as submodules, circulating currents, and parameter sensitivity, require a sophisticated control system to manage the external and internal variables with high dynamical performance. This paper analyzes the basic principle and topology of the modular multilevel converter; the existing research protocols are reviewed and summarized for these three challenges, respectively. Finally, prospect the future development trends and technical challenges.
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