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Summary In this study, an extensible 2‐phase interleaved high step‐up converter with automatic current balance is presented. This converter uses coupled inductors and energy‐transferring capacitors to improve the voltage gain of the traditional 2‐phase interleaved boost converter as well as employs these energy transferring capacitors to do automatic current balance. Furthermore, the voltage gain can be enhanced not only by adjusting the turns ratio but also by increasing the numbers of phases, diodes, and energy‐transferring capacitors. Therefore, it can be used in high input current and high step‐up voltage applications. In this paper, the basic operating principles of the proposed converter are described and analyzed, and finally, its effectiveness is demonstrated by experiment. In addition, the field‐programmable gate array, named EP13T100C8N and manufactured by Altera Co, is used as a control kernel, and an experimental prototype, with input voltage of 12 V, output voltage of 200 V, and rated output power of 200 W, is given to provide the effectiveness of the proposed converter.