The objective of the research is to develop a cost-effective high-power bi-directional dc/dc converter with low total-device ratings, reduced system parasitic effects, and a wide input/output range. Additional objectives of the research are to develop a small-signal model and control methods, and to present performance characterizations. Device stresses in the proposed topology are controlled to maintain minimal levels by varying the duty ratio and phase-shift angle between the primary and the secondary bridges, which results in a low total-device rating, when compared to conventional bi-directional dc/dc topologies. In the proposed topology, soft switching, which reduces power loss, can be realized under specific operating conditions. When the condition that causes minimal device stress is satisfied, zero-voltage switching (ZVS) can be obtained. In the research, ZVS capability is explored for a wide range of voltage conditions as well as for the minimal device-stress condition. The performance characterization includes verifying the soft-switching regions and power-loss estimation. Another part of the thesis is the controller design of the converter. Small-signal models and feedback controllers are developed, and the controllers are experimentally validated. Because in the isolated high-frequency converters, transformer saturation is an important issue, a method to prevent transformer saturation is proposed and experimentally validated.