“…In recent times, modular multilevel converters (MMCs) have increased research attention due to the unique features of modularity, voltage scalability, fault‐tolerability, and potentiality to generate high power quality output waveforms [1, 2]. Owing to these pivotal characteristics, MMCs have triumphantly formed their way into commercial products in the areas of high‐voltage dc transmission, renewable energy integration, static compensator, railway traction systems, medium‐voltage motor drives, electric ship systems, and charging infrastructure for energy storage systems [2–9]. MMCs necessitate a complex control structure to effectuate the multiple control objectives such as output current control, capacitor voltage balancing (VB), inter‐arm voltage/energy balancing control, and circulating current (CC) suppression control [2, 3].…”