In recent years, microgrid technologies have gained considerable interest, where a common dc-bus is generally used to interconnect multiple power sources. The existing technology of common dc bus-based direct integration of multiple sources has some critical problems, such as isolation and the requirement of additional control circuit for voltage imbalance and common mode. A common high-frequency magnetic bus (instead of the common dc bus) is proposed in this paper to overcome the limitations and complications of the existing technology of dc bus-based direct integration of multiple sources. In this paper, an extensive investigation on electromagnetic performance of advanced magnetic materials (amorphous and nanocrystalline alloys) is presented. The design process of an efficient and compact high-frequency common magnetic bus for integration of multiple power sources is also discussed. The new technology will be a fundamental component for the future grids to interconnect various sources magnetically, providing an inherent solution to voltage imbalance and isolation problems.