(Sr0.97Eu0.01Dy0.02)Al2O4 persistent luminescence (PersL) ceramics were fabricated by solid‐state reactive sintering in vacuum combined with hot isostatic pressing (HIP) using H3BO3 as a sintering additive. The phase composition, microstructure, luminescence properties, trap state, and PersL performance of HIP post‐treated (Sr0.97Eu0.01Dy0.02)Al2O4 PersL ceramics were discussed. For the (Sr0.97Eu0.01Dy0.02)Al2O4 PersL ceramics after HIP post‐treatment, the initial luminescence intensity of the ceramics reached over 6400 mcd/m2 with simulated daylight irradiation of 1000 lx for 5 min, and the persistent emission decay time > 17 h. This is much better than the SrAl2O4:Eu2+,Dy3+ PersL powders and the other luminescent ceramics. In addition, this method is a solid‐state reactive sintering method for synthesizing ceramics, which has the advantages of low cost and simple operation, and is suitable for large‐scale, high‐volume industrial production.