Topologies and configurations of step-down power supplies including unidirectional balancing cells are described. In one example, a step-down power supply includes an input and an output, a string of series-connected capacitors, and a plurality of unidirectional balancing cells coupled to the capacitors in the string of series-connected capacitors. A first balancing can be configured to transfer power, unilaterally, in a first direction among at least two capacitors in the string of series-connected capacitors, and a second balancing cell can be configured to transfer power, unilaterally, in a second direction among at least two capacitors in the string of series-connected capacitors, where the first direction is different than the second direction. The power supply can also include a gate controller for a balancing cell. The gate controller generates switching control signals at a first switching frequency that is decoupled from a resonant frequency of a balancing branch in the balancing cell.