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Power electronic converters will serve as the fundamental components of modern power systems. However, they may suffer from poorer reliability if not properly designed, consequently affecting the overall performance of power systems. Accordingly, the converter reliability should be taken into account in design and planning of Power Electronic-based Power Systems (PEPSs). Optimal decision-making in planning of PEPSs requires precise reliability modeling in converters from component up to syste

This paper exhibits the conceptual framework of NGSG by enabling some intelligent technical features to ensure its reliable operation, including intelligent control, agent-based energy conversion, edge computing for energy management, internet of things (loT) enabled inverter, agent-oriented demand side management, etc. Also, a study on the development of data-driven NGSG is discussed to facilitate the use of emerging data-driven techniques (DDTs) for the sustainable operation of the SG.1.Intr