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More "green" power provided by Distributed Generation will enter into the European electricity network in the near future. hi order to control the powerflow and to ensure proper and secure operation of this future grid, with an increased level of the renewable power, new power electronic converters for grid connection of renewable sources are needed. These power converters must be able to provide intelligent power management as well as ancillary services. This paper presents an overview of an advanced power converter for universal and flexible power management that can enable the large scale-integration of dispersed generation into these future networks. The overall structure and the control requirements that are to be placed upon this converter are given. Furthermore, some possible applications as well as the bene,fits of using this converter are presented.