I. Introduction
Progress of high power voltage source converters (VSC) remains important for many future application fields, in particular: Grid infrastructure, better exploitation of solar and wind power resources, multi-terminal HVDC- and MVDC-networks, medium voltage drives and others. Modular Multilevel Converters (MMC) have been introduced successfully into these fields, because of several essential advantages compared to conventional VSC or multilevel VSC [7], [8], [9], [10], [11]. With respect to performance and extended functionality of the converters, a superordinate system level view is necessary, when looking at these future applications: Passive components “around” the converter, like harmonic filters, transformers, mechanical switch gears and protection devices offer very low potential for improvements, in future. The scope of protection must be extended (beyond the semiconductors) to the system level. Looking into the converter, the size and cost of the submodule capacitors have remained unsatisfying in many applications of MMC. Obviously, this specific drawback is originating from the basic concept of distributed energy storage. Therefore, progress - concerning this point - will not come for free. New submodule topologies with higher expense for the semiconductors and improved control concepts are the main options [12], [13], [14]. This paper will focus on the first point.