Abstract In this study, the integration of grid‐forming (GFM) converters in power systems is discussed in terms of both the fundamental aspects of system stability and the technical possibilities of converter‐based resources. The paper provides a survey and comparison of various GFM control concepts with respect to their transient and stationary behavior. A method for black box characterization and conformity testing of GFM converters is presented and relevant results of lab and field tests with GFM converters are discussed. Finally, important system aspects are addressed. This includes an approach to consider the behavior of GFM converters in distribution grid models and investigations on the minimum share of GFM units required to ensure system stability. The findings of this paper provide valuable insights for the design and implementation of GFM converters in modern converter‐based power systems.