SummaryThis study describes a three‐phase six‐level (TPSL) inverter‐based dynamic voltage restorer (DVR) that employs a newly designed isolated multi‐port interleaved flyback converter (IMPIFC). A conventional DVR needs a big and heavy series transformer even for a three‐phase low‐voltage system, which is rated up to 400 V. Power electronic engineers have developed high‐frequency isolated DC–DC converters as a result of the introduction of advanced semiconductor devices and magnetic cores. Control and performance of a low‐voltage DVR utilizing a high‐frequency isolated DC–DC converter are discussed. In the proposed IMPIFC, the high‐frequency (25 kHz) transformer, which is smaller in size than the line‐frequency transformer, is utilized to reduce the size and to integrate multiple energy sources together. In addition, the introduction of a TPSL inverter into the configuration of DVR considerably reduces the injection of harmonic components into the distribution network. The proposed structure of DVR is named as “TPSL‐DVR.” The experimental findings of a three‐phase, three‐wire, 400 V, 50 Hz, 2kW laboratory system validate the boosting ability, feasibility, and efficiency of the system layout.