Solid-state transformer (SST) technology is one of the developing technologies that will be widely used in the future to integrate low-voltage and high-voltage networks with control circuitries and power electronics converters, facilitating renewables integration in smart grid applications. SST technology has crucial key advantageous features, including compact size and weight, low cost, and ease of connection in offshore applications. However, SST technology exhibits a few concerns, such as implementation, protection, economic, and communication compatibility, that need to be addressed. This paper aims to review SST technology with its advanced control schemes and provide future directions for research and development, applications, and prospects. In line with this, highly cited SST technology papers are examined to derive and summarize concerning issues related to its operation and control with further research development of power grids. Moreover, this review discusses the assessmen