ABSTRACT In plants, genetically encoded probes based on redox‐sensitive green fluorescent protein (roGFP) have been used to detect hydrogen peroxide (H 2 O 2 ) levels by fusing exogenous thiol peroxidases, such as Orp1 and Tsa2. However, the effectiveness of these thiol peroxidases compared to endogenous ones remains unexplored. Here, we develop a H 2 O 2 probe by fusing roGFP2 to an endogenous H 2 O 2 sensor, type II peroxiredoxin (PRXIIB), which displayed enhanced responsiveness and conversion kinetics compared to roGFP2‐Orp1 in vitro and superior sensitivity to H 2 O 2 in vivo . The roGFP2‐PRXIIB probe allowed robust visualization of H 2 O 2 production in abiotic and biotic stresses, and growing pollen tubes. We further targeted roGFP2‐PRXIIB to cytosol, nuclei, mitochondria and chloroplasts to monitor H 2 O 2 accumulation in real time in different subcellular compartments during immune activation, and the analyses revealed different temporal patterns of H 2 O 2 accumulation during pattern‐ and effector‐triggered immune responses in different compartments. Taken together, the work provides an ultra‐sensitive probe for H 2 O 2 dynamics in diverse plant biological processes.