A DC—DC voltage converter has a controller, two switches, a transformer and two rectifying diodes. The transformer has a first winding, a second winding and a center tap. Input voltage is connected between the center tap and ground. An anode of each diode is connected to the outer ends of the two windings and the cathodes of the two diodes are connected together to provide a positive output with respect to ground. Each switch is connected between an outer end of one winding and ground. The controller generates control signals to turn the switches on and off for limited periods of time in phase opposition to alternately connect the outer ends of the first and second winding to ground to cause current to flow alternatively in one of the windings and induce a voltage in the other winding that is additive to the input voltage, thereby providing an output voltage greater than the input voltage. The converter provides stable operation with good voltage regulation over a wide range of load conditions without the use of feedback.