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 backlog 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. It is written by Prof. Luowei Zhou and his research group from Chongqing University, and presents a broad overview of reliability researches for power semiconductor devices, including failure mechanisms, condition monitoring, lifetime evaluation and active thermal control. The current issues and future challenges on the reliability of power semiconductor devices are also provided. The third paper is about the application of a new power semiconductor device in medium voltage (MV) solid state transformers. It is written by Dr. Alex Q. Huang and his research group from North Carolina State University. It reviews the characteristics of 15 kV SiC MOSFET and offers a comprehensive guideline of implementing this device in solid state transformers and other possible MV power conversion scenarios in terms of topology selection, loss optimization and thermal management. Last but not least, the fourth paper is written by Dr. Huang-Jen Chiu and his research group from National Taiwan University of Science and Technology in cooperation with Dr. Katherine A. Kim from Ulsan National Institute of Science and Technology. The paper focuses on the Little Box Challenge (LBC) — a competition sponsored by Google and the IEEE Power Electronics Society in 2014–2015, where participants were challenged to design a high power-density single-phase 2-kVA inverter. The paper surveys the designs from eight different participating teams, shares experimental results from the Taiwan Tech team, and highlights some interesting innovations from the teams that participated in the LBC. I’d like to thank the authors of all these 4 invited papers. It’s their high-quality contributions that finally leads to the launching of this new journal. I’d like to thank Dehong Xu, President of CPSS, who in 2015 initiated the idea of publishing the new journal and since then has been persistently supporting my work as the founding Editor-in-Chief. I’d also like to thank Jiaxin Han, Secretary General of CPSS, Jan A. Ferreira, President of IEEE PELS, 2015–2016, Don F. D. Tan, President of IEEE PELS, 2013–2014, and Frede Blaabjerg, IEEE PELS Vice President for Products, 2015–2018, who form the CPSS and IEEE PELS Joint Advisory Committee for our new journal with Dehong Xu and myself. Other IEEE officers and leading staffs like Dushan Borovjevich, PELS President, 2011–2012, Alan Mantooth, PELS President, 2017–2018, Mike Kelly, PELS Executive Director, and Frank Zhao, Director of China Operations, IEEE Beijing Office, just to name a few, also provided continuous support and constructive advices. My earnest thanks also go to the CPSS Editorial Office led by Lei Zhang, Deputy Secretary General of CPSS, for their wonderful editing work. It would not have been possible to create a new journal in such a short time without their efforts. I’d like to finally thank all the members of the Executive Council of CPSS and particularly the leaders of Chinese power electronics industry. They always firmly stand behind CPSS TPEA and ready to help whenever needed.