This paper proposes a new step‐up dc‐dc converter designed based on the P‐impedance source. High boost factor, single‐stage design, continuous input current, and low‐voltage stresses on switching devices, common‐ground, operating with low duty cycles, and high efficiency are the main advantages of the proposed unidirectional topology. Although the topology comprises two power switches, these are encountered with low‐voltage stresses. Thus, they can be readily picked up from low‐cost and low‐voltage rating semiconductors with low resistive losses. Moreover, operating with low duty cycles undoubtedly decreases the conduction losses of these switches and the converter. The input and output sections have the same ground line called the common‐ground feature. This circuit also operates with a continuous input current. In this article, the operating principle of the proposed topology has been investigated in detail. In order to examine the claims, simulation and experimental results are represented and evaluated. For this purpose, a 72 V/400 V/320 W prototype has been designed. Results show that the converter efficiency is almost equal to 95%. Higher boost factors, above six times, are obtained, and the voltage stresses on semiconductors are reduced by up to 80%, subject to the output voltage.