Abstract: A low cost, small size, light weight, and highly effective system and method for providing dynamic power line voltage sag correction is provided. A dynamic voltage sag corrector includes a static bypass switch and a regulator/storage module connected together in parallel between input terminals and output terminals. Under normal operating conditions, the static bypass switch is closed, and a normal line voltage level is provided directly from the input terminals to the output terminals via the static bypass switch. When a voltage sag condition is indicated, the static bypass switch is opened, and the regulator/storage module is controlled to provide a near normal output voltage signal to the output terminals. The regulator/storage module includes a power conversion circuit which is controlled to provide the desired output voltage signal by adding a voltage level on storage capacitors to the available input line voltage signal.