This papers deals with the Modular Multilevel Converter (MMC). This structure is a real breakthrough which allows transmitting huge amount of power in DC link. In the last ten years, lots of papers have been written but most of them study some intuitive control algorithms. This paper proposes a formal analysis of MMC model which leads to the design of a control algorithm thanks to the inversion of the model. The Energetic Macroscopic Representation is used for achieving this goal. All the states variables are controlled to manage the energy of the system, avoid some instable operational points and determine clearly all the dynamics of the different loops of the system.