This paper introduces the GKM (Grosskraftwerk Mannheim AG) test rig, designed to evaluate new Ni-based alloys and austenitic steels for components in advanced 700°C power plants under real operational conditions. The test rig, integrated into a conventional coal-fired power plant in Mannheim, Germany, simulates extreme conditions of up to 725°C and 350/200 bar pressure. After approximately 2000 hours of operation, the paper presents an overview of the rig's design, its integration into the existing plant, and the status of ongoing tests. It also outlines parallel material investigations, including creep rupture tests, mechanical-technological testing, and metallurgical characterization. This research is crucial for the development of materials capable of withstanding the severe conditions in next-generation power plants, potentially improving efficiency and performance in future energy production.