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In this paper, a novel high step-up dc-dc converter for distributed generation systems is proposed. The concept is to utilize two capacitors and one coupled inductor. The two capacitors are charged in parallel during the switch-off period and are discharged in series during the switch-on period by the energy stored in the coupled inductor to achieve a high step-up voltage gain. In addition, the leakage-inductor energy of the coupled inductor is recycled with a passive clamp circuit. Thus, the voltage stress on the main switch is reduced. The switch with low resistance RDS(ON) can be adopted to reduce the conduction loss. In addition, the reverse-recovery problem of the diodes is alleviated, and thus, the efficiency can be further improved. The operating principle and steady-state analyses are discussed in detail. Finally, a prototype circuit with 24-V input voltage, 400-V output voltage, and 200-W output power is implemented in the laboratory to verify the performance of the proposed converter.