With this editorial, we sincerely welcome our readers to the brand-new publication — CPSS Transactions on Power Electronics and Applications (CPSS TPEA). It is sponsored and published by China Power Supply Society (CPSS) and technically co-sponsored by IEEE Power Electronics Society (IEEE PELS). CPSS was founded in 1983 and has been the only top-level national academic society in China that solely focuses on the power supply/power electronics area. In the past 30-plus years CPSS has dedicated to provide to its members, researchers, and industry engineers nationwide with high quality services including conferences, technical training, and various publications, and this in deed has helped the society build up its membership rapidly, which now totals up to more than 4000 individual members plus 500 enterprise members. The fast growth of membership in turn compels CPSS to always work out better services for its members, one of which being the open-up of this periodical — a new journal in English language as a publication platform for international academic exchanging. This of course needs to be done through international cooperation, and that’s why IEEE PELS is tightly involved, being the premier international academic organization in power electronics area and one of the fastest growing technical societies of the Institute of Electrical and Electronics Engineers (IEEE). To fulfill the publishing need of the fast-developing power electronics technology worldwide is a more important purpose of launching this new journal. So far there are only 3 or 4 existing journals which are concentrated on power electronics field and have global reputation. For quite a few years people in the international power electronics community have had the feeling that, the existing journals have not even come close to meeting the huge demand of global academic and technology exchanges. E.g., the two existing IEEE power electronics journals, i.e. IEEE Transactions on Power Electronics (IEEE TPEL) and IEEE Journal of Emerging and Selected Topics in Power Electronics (IEEE JESTPE), now publish about 1000 papers a year, which is under a very low paper acceptance rate of around 25%, but still have a back-log of about one year for the newly accepted papers to finally appear in printed form to the public. The addition of this new dedicated journal would be an ideal improvement to fulfill such a tremendous need. The booming of publishing need really is an indicator of how fast power electronics has been developing in recent years. Innovations have been continuously coming up from component (both active device and passive device), module, circuit, converter, to system level, covering different technical aspects as topology or structure conceiving, modeling and analysis, control and design, and measurement and testing. New issues and corresponding solutions have been continuously presenting as the applications of power electronics prevail horizontally in almost every area and corner of human society, from industry, residence and commerce, to transportations, and penetrate vertically through every stage of electric energy flow from generation, transmission and distribution, to utilization, in either a public power grid or a stand-alone power system. I personally believe that we are entering a world with “more electronic” power systems. The prediction around 30 years ago, that power electronics one day will become one of the major poles supporting the human society, is coming into reality. And I also believe, that power electronics is going to last for long time as an important topic since it is one of the keys to answer a basic question for human society, which is how human can harness energy more effectively and in a manner friendlier to both the user and the environment. Therefore, I assume that there is probably no better fitting as for CPSS TPEA to publish its first few issues under a special topic about the developing trends of power electronics. We have invited a group of leading experts in different areas of power electronics to write survey/review papers or special papers with review/overview nature to some extent. To publish in a timely and regular style, we organize this inaugural Special Issue into different parts. Part 1 and 2 were published in the December issue last year and the March issue this year respectively, Part 3 appears in this June issue, and the following part is scheduled for the September issue. In Part 3 we are honored to have 4 invited papers. For the first two, each addresses one hot topic in the area of power semiconductor devices: power loss mechanism and reliability. The next two follow up with the state-of-the-arts in the applications of new power semiconductor devices, one application being solid state transformers and the other being single-phase inverters. We begin with a paper on the power loss mechanisms for silicon and wide band-gap power semiconductor devices. It is co-authored by Dr. Gerald Deboy and his team from Infineon Technologies. It presents a detailed comparison between the latest generation Super Junction power transistors and e-mode GaN HEMTs and SiC MOSFETs in terms of semiconductor power losses and their potential for further improvement, with a short application section showing the best matching circuits for each device. The second paper provides a review on the reliability of power semiconductor devices used in power converters.