A multiport multilevel converter/inverter includes a connection point with a two-line connection. The multiport multilevel converter/inverter also includes a capacitor electrically coupled across the two-line connection of the connection point. The multiport multilevel converter/inverter also has a first flying capacitor multilevel path with a first external two connection port configured to connect outside of the multiport multilevel converter/inverter, and a first interface conveying DC power and that is electrically coupled to the connection point. The multiport multilevel converter/inverter also includes a second flying capacitor multilevel path with a second external two connection port configured to connect outside of the multiport multilevel converter/inverter, and a second interface conveying DC power and that is electrically coupled to the connection point.