Power grids are evolving with the aim to guarantee sustainability and higher levels of power quality for universal access to electricity. More specifically, over the last two decades, power grids have been targeted for significant changes, including migration from centralized to decentralized paradigms as a corollary of intensive integration of novel electrical technologies and the availability of derived equipment. This paper addresses a review of a disruptive vision of future power grids, mainly focusing on the use of hybrid AC/DC grids and solid‑state transformers technologies. Regarding hybrid AC/DC grids in particular, they are analyzed in detail in the context of unipolar and bipolar DC grids (i.e., two‑wire or three‑wire DC grids), as well as the different structures concerning coupled and decoupled AC configurations with low‑frequency or high‑frequency isolation. The contextualization of the possible configurations of solid‑state transformers and the different configurations of hybrid transformers (in the perspective of offering benefits for increasing power quality in terms of currents or voltages) is also analyzed within the perspective of the smart transformers. Additionally, the paper also presents unified multi‑port systems used to interface various technologies with hybrid AC/DC grids, which are also foreseen to play an important role in future power grids (e.g., the unified interface of renewable energy sources and energy storage systems), including an analysis concerning unified multi‑port systems for AC or DC grids. Throughout the paper, these topics are presented and discussed in the context of future power grids. An exhaustive description of these technologies is made, covering the most relevant and recent structures and features that can be developed, as well as the challenges for the future power grids. Several scenarios are presented, encompassing the mentioned technologies, and unveiling a progressive evolution that culminates in the cooperative scope of such technologies for a disruptive vision of future power grids.