A majority of recent efforts have focused on applying advanced digital information and communication technologies to help modernize the electric power grid. To achieve the full value of grid modernization, advances in grid hardware are also needed. Next-generation technologies can improve the performance and lifetimes over current designs and unleash new capabilities for the grid. The Next-Generation Grid Components R&D Program Planning workshop was held on August 17-18, 2016, at the University of Pittsburgh in Pittsburgh, Pennsylvania. The purpose of this workshop was to identify gaps in the landscape of grid transmission and distribution components, highlight opportunities for R&D, and outline goals and priorities to inform TRAC program activities. The workshop materials are available below for downloading.