I. Introduction
Traditional transformers have been known for their cost-effectiveness, high efficiency (ranging from 98% to 99%, depending on power rating), robustness, and reliability, as highlighted in [1]. However, operating at low frequencies of 50 Hz/60 Hz results in the need for a large amount of iron and copper, leading to low power densities. Furthermore, conventional transformers lack direct controllability such as power flow control, voltage and current regulation and fault current limitation [2], [3].