Abstract: An optical power conversion circuit converts an optical energy signal from an optical source, such as a laser diode, to a regulated D.C. electrical voltage using a single photodetector. A buck-boost circuit uses electrical current from the photodetector in response to the optical energy signal to store energy in an inductor during one polarity of a control signal, and transfers the energy from the inductor to an output capacitor during the other polarity of the control signal. The duty cycle of the control signal determines the regulated D.C. electrical voltage. A switch drive circuit generates the control signal as a pulse width modulated signal from the regulated D.C. electrical voltage and a reference voltage. The control signal is A.C. coupled to a pair of FET switches in the buck-boost circuit to alternately energize and charge the inductor and capacitor respectively.