This study proposes a model predictive control (MPC) strategy integrated with closed-loop space vector modulation (CL-SVM) for a three-phase, three-level neutral point clamped (3L-NPC) rectifier supplying two alkaline electrolyzers connected in series. Electrolyzers present a nonlinear and dynamically varying load due to their dependence on temperature, pressure, and electrochemical reaction rates, imposing strict requirements on the stability and responsiveness of the power supply. Among, multi-level converter topologies, the 3L-NPC rectifier is a promising candidate for low to medium-voltage, high power applications due to its reduced harmonic distortion, improved high power handling, and balanced trade-off between complexity and performance. However, maintaining DC-link capacitor voltage balance under dynamic loads remains challenging, risking power quality and system reliability. The proposed approach optimizes voltage vector selection to regulate DC output and minimize neutral-point voltage deviation. Simulation results in MATLAB/Simulink confirm the effectiveness of the designed controller in achieving stable DC voltage and a balanced neutral-point voltage, thereby enhancing the overall performance of the power-electronics interface in electrolyzer applications.