diff --git a/public/app/features/dashboard-scene/scene/PanelMenuBehavior.tsx b/public/app/features/dashboard-scene/scene/PanelMenuBehavior.tsx
index 24a0314c676..3a9cea22c9f 100644
--- a/public/app/features/dashboard-scene/scene/PanelMenuBehavior.tsx
+++ b/public/app/features/dashboard-scene/scene/PanelMenuBehavior.tsx
@@ -1,15 +1,15 @@
 import {
+  getTimeZone,
   InterpolateFunction,
   LinkModel,
   PanelMenuItem,
   PanelPlugin,
   PluginExtensionPanelContext,
   PluginExtensionPoints,
-  getTimeZone,
   urlUtil,
 } from '@grafana/data';
 import { config, getPluginLinkExtensions, locationService } from '@grafana/runtime';
-import { LocalValueVariable, SceneGridRow, VizPanel, VizPanelMenu, sceneGraph } from '@grafana/scenes';
+import { LocalValueVariable, sceneGraph, SceneGridRow, VizPanel, VizPanelMenu } from '@grafana/scenes';
 import { DataQuery, OptionsWithLegend } from '@grafana/schema';
 import appEvents from 'app/core/app_events';
 import { t } from 'app/core/internationalization';
@@ -21,7 +21,9 @@ import { createExtensionSubMenu } from 'app/features/plugins/extensions/utils';
 import { addDataTrailPanelAction } from 'app/features/trails/Integrations/dashboardIntegration';
 import { ShowConfirmModalEvent } from 'app/types/events';
 
+import { ShareDrawer } from '../sharing/ShareDrawer/ShareDrawer';
 import { ShareModal } from '../sharing/ShareModal';
+import { SharePanelInternally } from '../sharing/panel-share/SharePanelInternally';
 import { DashboardInteractions } from '../utils/interactions';
 import { getEditPanelUrl, getInspectUrl, getViewPanelUrl, tryGetExploreUrlForPanel } from '../utils/urlBuilders';
 import { getDashboardSceneFor, getPanelIdForVizPanel, getQueryRunnerFor } from '../utils/utils';
@@ -79,15 +81,42 @@ export function panelMenuBehavior(menu: VizPanelMenu, isRepeat = false) {
       });
     }
 
-    items.push({
-      text: t('panel.header-menu.share', `Share`),
-      iconClassName: 'share-alt',
-      onClick: () => {
-        DashboardInteractions.panelMenuItemClicked('share');
-        dashboard.showModal(new ShareModal({ panelRef: panel.getRef() }));
-      },
-      shortcut: 'p s',
-    });
+    if (config.featureToggles.newDashboardSharingComponent) {
+      const subMenu: PanelMenuItem[] = [];
+      subMenu.push({
+        text: t('share-panel.menu.share-link-title', 'Share link'),
+        iconClassName: 'link',
+        shortcut: 'p u',
+        onClick: () => {
+          const drawer = new ShareDrawer({
+            title: t('share-panel.drawer.share-link-title', 'Link settings'),
+            body: new SharePanelInternally({ panelRef: panel.getRef() }),
+          });
+
+          dashboard.showModal(drawer);
+        },
+      });
+
+      items.push({
+        type: 'submenu',
+        text: t('panel.header-menu.share', 'Share'),
+        iconClassName: 'share-alt',
+        subMenu,
+        onClick: (e) => {
+          e.preventDefault();
+        },
+      });
+    } else {
+      items.push({
+        text: t('panel.header-menu.share', 'Share'),
+        iconClassName: 'share-alt',
+        onClick: () => {
+          DashboardInteractions.panelMenuItemClicked('share');
+          dashboard.showModal(new ShareModal({ panelRef: panel.getRef() }));
+        },
+        shortcut: 'p s',
+      });
+    }
 
     if (dashboard.state.isEditing && !isRepeat && !isEditingPanel) {
       moreSubMenu.push({
diff --git a/public/app/features/dashboard-scene/scene/keyboardShortcuts.ts b/public/app/features/dashboard-scene/scene/keyboardShortcuts.ts
index 45be3d96f33..eac3fb92a80 100644
--- a/public/app/features/dashboard-scene/scene/keyboardShortcuts.ts
+++ b/public/app/features/dashboard-scene/scene/keyboardShortcuts.ts
@@ -1,10 +1,13 @@
 import { SetPanelAttentionEvent } from '@grafana/data';
-import { locationService } from '@grafana/runtime';
+import { config, locationService } from '@grafana/runtime';
 import { sceneGraph, VizPanel } from '@grafana/scenes';
 import appEvents from 'app/core/app_events';
+import { t } from 'app/core/internationalization';
 import { KeybindingSet } from 'app/core/services/KeybindingSet';
 
+import { ShareDrawer } from '../sharing/ShareDrawer/ShareDrawer';
 import { ShareModal } from '../sharing/ShareModal';
+import { SharePanelInternally } from '../sharing/panel-share/SharePanelInternally';
 import { dashboardSceneGraph } from '../utils/dashboardSceneGraph';
 import { getEditPanelUrl, getInspectUrl, getViewPanelUrl, tryGetExploreUrlForPanel } from '../utils/urlBuilders';
 import { getPanelIdForVizPanel } from '../utils/utils';
@@ -45,12 +48,26 @@ export function setupKeyboardShortcuts(scene: DashboardScene) {
   });
 
   // Panel share
-  keybindings.addBinding({
-    key: 'p s',
-    onTrigger: withFocusedPanel(scene, async (vizPanel: VizPanel) => {
-      scene.showModal(new ShareModal({ panelRef: vizPanel.getRef() }));
-    }),
-  });
+  if (config.featureToggles.newDashboardSharingComponent) {
+    keybindings.addBinding({
+      key: 'p u',
+      onTrigger: withFocusedPanel(scene, async (vizPanel: VizPanel) => {
+        const drawer = new ShareDrawer({
+          title: t('share-panel.drawer.share-link-title', 'Link settings'),
+          body: new SharePanelInternally({ panelRef: vizPanel.getRef() }),
+        });
+
+        scene.showModal(drawer);
+      }),
+    });
+  } else {
+    keybindings.addBinding({
+      key: 'p s',
+      onTrigger: withFocusedPanel(scene, async (vizPanel: VizPanel) => {
+        scene.showModal(new ShareModal({ panelRef: vizPanel.getRef() }));
+      }),
+    });
+  }
 
   // Panel inspect
   keybindings.addBinding({
diff --git a/public/app/features/dashboard-scene/sharing/ShareButton/share-internally/ShareInternally.tsx b/public/app/features/dashboard-scene/sharing/ShareButton/share-internally/ShareInternally.tsx
index 628766afcad..031f0a5ad83 100644
--- a/public/app/features/dashboard-scene/sharing/ShareButton/share-internally/ShareInternally.tsx
+++ b/public/app/features/dashboard-scene/sharing/ShareButton/share-internally/ShareInternally.tsx
@@ -2,12 +2,12 @@ import { css } from '@emotion/css';
 
 import { GrafanaTheme2 } from '@grafana/data';
 import { SceneComponentProps, SceneObjectRef, VizPanel } from '@grafana/scenes';
-import { Alert, ClipboardButton, Divider, Label, Spinner, Stack, Switch, Text, useStyles2 } from '@grafana/ui';
+import { Alert, ClipboardButton, Divider, Text, useStyles2 } from '@grafana/ui';
 import { t, Trans } from 'app/core/internationalization';
-import { ThemePicker } from 'app/features/dashboard/components/ShareModal/ThemePicker';
 
+import ShareInternallyConfiguration from '../../ShareInternallyConfiguration';
 import { ShareLinkTab } from '../../ShareLinkTab';
-import { getShareLinkConfiguration } from '../utils';
+import { getShareLinkConfiguration, updateShareLinkConfiguration } from '../utils';
 
 export class ShareInternally extends ShareLinkTab {
   static Component = ShareInternallyRenderer;
@@ -20,6 +20,39 @@ export class ShareInternally extends ShareLinkTab {
       useShortUrl,
       selectedTheme: theme,
     });
+
+    this.onToggleLockedTime = this.onToggleLockedTime.bind(this);
+    this.onUrlShorten = this.onUrlShorten.bind(this);
+    this.onThemeChange = this.onThemeChange.bind(this);
+  }
+
+  async onToggleLockedTime() {
+    const useLockedTime = !this.state.useLockedTime;
+    updateShareLinkConfiguration({
+      useAbsoluteTimeRange: useLockedTime,
+      useShortUrl: this.state.useShortUrl,
+      theme: this.state.selectedTheme,
+    });
+    await super.onToggleLockedTime();
+  }
+
+  async onUrlShorten() {
+    const useShortUrl = !this.state.useShortUrl;
+    updateShareLinkConfiguration({
+      useShortUrl,
+      useAbsoluteTimeRange: this.state.useLockedTime,
+      theme: this.state.selectedTheme,
+    });
+    await super.onUrlShorten();
+  }
+
+  async onThemeChange(value: string) {
+    updateShareLinkConfiguration({
+      theme: value,
+      useShortUrl: this.state.useShortUrl,
+      useAbsoluteTimeRange: this.state.useLockedTime,
+    });
+    await super.onThemeChange(value);
   }
 }
 
@@ -42,41 +75,15 @@ function ShareInternallyRenderer({ model }: SceneComponentProps<ShareInternally>
           </Trans>
         </Text>
       </div>
-      <Stack justifyContent="space-between">
-        <Stack gap={2} direction="column">
-          <Stack gap={1} direction="column">
-            <Stack gap={1} alignItems="start">
-              <Switch
-                label={t('link.share.time-range-label', 'Lock time range')}
-                id="share-current-time-range"
-                value={useLockedTime}
-                onChange={model.onToggleLockedTime}
-              />
-              <Label
-                description={t(
-                  'link.share.time-range-description',
-                  'Change the current relative time range to an absolute time range'
-                )}
-              >
-                <Trans i18nKey="link.share.time-range-label">Lock time range</Trans>
-              </Label>
-            </Stack>
-            <Stack gap={1} alignItems="start">
-              <Switch
-                id="share-short-url"
-                value={useShortUrl}
-                label={t('link.share.short-url-label', 'Shorten link')}
-                onChange={model.onUrlShorten}
-              />
-              <Label>
-                <Trans i18nKey="link.share.short-url-label">Shorten link</Trans>
-              </Label>
-            </Stack>
-          </Stack>
-          <ThemePicker selectedTheme={selectedTheme} onChange={model.onThemeChange} />
-        </Stack>
-        {isBuildUrlLoading && <Spinner />}
-      </Stack>
+      <ShareInternallyConfiguration
+        useLockedTime={useLockedTime}
+        onToggleLockedTime={model.onToggleLockedTime}
+        useShortUrl={useShortUrl}
+        onUrlShorten={model.onUrlShorten}
+        selectedTheme={selectedTheme}
+        onChangeTheme={model.onThemeChange}
+        isLoading={isBuildUrlLoading}
+      />
       <Divider spacing={1} />
       <ClipboardButton
         icon="link"
diff --git a/public/app/features/dashboard-scene/sharing/ShareInternallyConfiguration.tsx b/public/app/features/dashboard-scene/sharing/ShareInternallyConfiguration.tsx
new file mode 100644
index 00000000000..f97786416ab
--- /dev/null
+++ b/public/app/features/dashboard-scene/sharing/ShareInternallyConfiguration.tsx
@@ -0,0 +1,62 @@
+import { Label, Spinner, Stack, Switch } from '@grafana/ui';
+
+import { t, Trans } from '../../../core/internationalization';
+import { ThemePicker } from '../../dashboard/components/ShareModal/ThemePicker';
+
+interface Props {
+  useLockedTime: boolean;
+  onToggleLockedTime: () => void;
+  useShortUrl: boolean;
+  onUrlShorten: () => void;
+  selectedTheme: string;
+  onChangeTheme: (v: string) => void;
+  isLoading: boolean;
+}
+
+export default function ShareInternallyConfiguration({
+  useLockedTime,
+  onToggleLockedTime,
+  useShortUrl,
+  onUrlShorten,
+  onChangeTheme,
+  selectedTheme,
+  isLoading,
+}: Props) {
+  return (
+    <Stack justifyContent="space-between">
+      <Stack gap={2} direction="column">
+        <Stack gap={1} direction="column">
+          <Stack gap={1} alignItems="start">
+            <Switch
+              label={t('link.share.time-range-label', 'Lock time range')}
+              id="share-current-time-range"
+              value={useLockedTime}
+              onChange={onToggleLockedTime}
+            />
+            <Label
+              description={t(
+                'link.share.time-range-description',
+                'Change the current relative time range to an absolute time range'
+              )}
+            >
+              <Trans i18nKey="link.share.time-range-label">Lock time range</Trans>
+            </Label>
+          </Stack>
+          <Stack gap={1} alignItems="start">
+            <Switch
+              id="share-short-url"
+              value={useShortUrl}
+              label={t('link.share.short-url-label', 'Shorten link')}
+              onChange={onUrlShorten}
+            />
+            <Label>
+              <Trans i18nKey="link.share.short-url-label">Shorten link</Trans>
+            </Label>
+          </Stack>
+        </Stack>
+        <ThemePicker selectedTheme={selectedTheme} onChange={onChangeTheme} />
+      </Stack>
+      {isLoading && <Spinner />}
+    </Stack>
+  );
+}
diff --git a/public/app/features/dashboard-scene/sharing/ShareLinkTab.tsx b/public/app/features/dashboard-scene/sharing/ShareLinkTab.tsx
index 7a04d62a09a..65461f1d3bf 100644
--- a/public/app/features/dashboard-scene/sharing/ShareLinkTab.tsx
+++ b/public/app/features/dashboard-scene/sharing/ShareLinkTab.tsx
@@ -13,7 +13,6 @@ import { DashboardInteractions } from '../utils/interactions';
 import { getDashboardUrl } from '../utils/urlBuilders';
 import { getDashboardSceneFor } from '../utils/utils';
 
-import { updateShareLinkConfiguration } from './ShareButton/utils';
 import { SceneShareTabState } from './types';
 export interface ShareLinkTabState extends SceneShareTabState, ShareOptions {
   panelRef?: SceneObjectRef<VizPanel>;
@@ -50,6 +49,10 @@ export class ShareLinkTab extends SceneObjectBase<ShareLinkTabState> {
     this.addActivationHandler(() => {
       this.buildUrl();
     });
+
+    this.onToggleLockedTime = this.onToggleLockedTime.bind(this);
+    this.onUrlShorten = this.onUrlShorten.bind(this);
+    this.onThemeChange = this.onThemeChange.bind(this);
   }
 
   async buildUrl() {
@@ -94,37 +97,22 @@ export class ShareLinkTab extends SceneObjectBase<ShareLinkTabState> {
     return t('share-modal.tab-title.link', 'Link');
   }
 
-  onToggleLockedTime = async () => {
+  async onToggleLockedTime() {
     const useLockedTime = !this.state.useLockedTime;
-    updateShareLinkConfiguration({
-      useAbsoluteTimeRange: useLockedTime,
-      useShortUrl: this.state.useShortUrl,
-      theme: this.state.selectedTheme,
-    });
     this.setState({ useLockedTime });
     await this.buildUrl();
-  };
+  }
 
-  onUrlShorten = async () => {
+  async onUrlShorten() {
     const useShortUrl = !this.state.useShortUrl;
     this.setState({ useShortUrl });
-    updateShareLinkConfiguration({
-      useShortUrl,
-      useAbsoluteTimeRange: this.state.useLockedTime,
-      theme: this.state.selectedTheme,
-    });
     await this.buildUrl();
-  };
+  }
 
-  onThemeChange = async (value: string) => {
+  async onThemeChange(value: string) {
     this.setState({ selectedTheme: value });
-    updateShareLinkConfiguration({
-      theme: value,
-      useShortUrl: this.state.useShortUrl,
-      useAbsoluteTimeRange: this.state.useLockedTime,
-    });
     await this.buildUrl();
-  };
+  }
 
   getShareUrl = () => {
     return this.state.shareUrl;
diff --git a/public/app/features/dashboard-scene/sharing/panel-share/SharePanelInternally.tsx b/public/app/features/dashboard-scene/sharing/panel-share/SharePanelInternally.tsx
new file mode 100644
index 00000000000..040625c68b2
--- /dev/null
+++ b/public/app/features/dashboard-scene/sharing/panel-share/SharePanelInternally.tsx
@@ -0,0 +1,113 @@
+import { css } from '@emotion/css';
+
+import { GrafanaTheme2 } from '@grafana/data';
+import { config } from '@grafana/runtime';
+import { SceneComponentProps, SceneObjectRef, VizPanel } from '@grafana/scenes';
+import { Alert, ClipboardButton, Divider, LinkButton, Stack, Text, useStyles2 } from '@grafana/ui';
+import { t, Trans } from 'app/core/internationalization';
+
+import { getDashboardSceneFor } from '../../utils/utils';
+import ShareInternallyConfiguration from '../ShareInternallyConfiguration';
+import { ShareLinkTab } from '../ShareLinkTab';
+
+export class SharePanelInternally extends ShareLinkTab {
+  static Component = SharePanelInternallyRenderer;
+
+  constructor({ panelRef }: { panelRef?: SceneObjectRef<VizPanel> }) {
+    super({
+      panelRef,
+    });
+  }
+}
+
+function SharePanelInternallyRenderer({ model }: SceneComponentProps<SharePanelInternally>) {
+  const styles = useStyles2(getStyles);
+  const { useLockedTime, useShortUrl, selectedTheme, isBuildUrlLoading, imageUrl } = model.useState();
+  const dashboard = getDashboardSceneFor(model);
+  const isDashboardSaved = Boolean(dashboard.state.uid);
+
+  return (
+    <>
+      <div className={styles.configDescription}>
+        <Text variant="body">
+          <Trans i18nKey="link.share-panel.config-description">
+            Create a personalized, direct link to share your panel within your organization, with the following
+            customization settings:
+          </Trans>
+        </Text>
+      </div>
+      <ShareInternallyConfiguration
+        useLockedTime={useLockedTime}
+        onToggleLockedTime={() => model.onToggleLockedTime()}
+        useShortUrl={useShortUrl}
+        onUrlShorten={() => model.onUrlShorten()}
+        selectedTheme={selectedTheme}
+        onChangeTheme={(t) => model.onThemeChange(t)}
+        isLoading={isBuildUrlLoading}
+      />
+      <Divider spacing={1} />
+      <Stack gap={2} direction="column">
+        <div className={styles.buttonsContainer}>
+          <Stack gap={1} flex={1} direction={{ xs: 'column', sm: 'row' }}>
+            <ClipboardButton
+              icon="link"
+              variant="primary"
+              fill="outline"
+              disabled={isBuildUrlLoading}
+              getText={model.getShareUrl}
+              onClipboardCopy={model.onCopy}
+            >
+              <Trans i18nKey="link.share.copy-link-button">Copy link</Trans>
+            </ClipboardButton>
+            <LinkButton
+              href={imageUrl}
+              icon="external-link-alt"
+              target="_blank"
+              variant="secondary"
+              fill="solid"
+              disabled={!config.rendererAvailable || !isDashboardSaved}
+            >
+              <Trans i18nKey="link.share-panel.render-image">Render image</Trans>
+            </LinkButton>
+          </Stack>
+        </div>
+        {!isDashboardSaved && (
+          <Alert severity="info" title={t('share-modal.link.save-alert', 'Dashboard is not saved')} bottomSpacing={0}>
+            <Trans i18nKey="share-modal.link.save-dashboard">
+              To render a panel image, you must save the dashboard first.
+            </Trans>
+          </Alert>
+        )}
+        {!config.rendererAvailable && (
+          <Alert
+            severity="info"
+            title={t('share-modal.link.render-alert', 'Image renderer plugin not installed')}
+            bottomSpacing={0}
+          >
+            <Trans i18nKey="share-modal.link.render-instructions">
+              To render a panel image, you must install the{' '}
+              <a
+                href="https://grafana.com/grafana/plugins/grafana-image-renderer"
+                target="_blank"
+                rel="noopener noreferrer"
+                className="external-link"
+              >
+                Grafana image renderer plugin
+              </a>
+              . Please contact your Grafana administrator to install the plugin.
+            </Trans>
+          </Alert>
+        )}
+      </Stack>
+    </>
+  );
+}
+
+const getStyles = (theme: GrafanaTheme2) => ({
+  configDescription: css({
+    marginBottom: theme.spacing(2),
+  }),
+  buttonsContainer: css({
+    marginTop: theme.spacing(2),
+  }),
+});
diff --git a/public/locales/en-US/grafana.json b/public/locales/en-US/grafana.json
index 8e8afab441c..236d6c3b367 100644
--- a/public/locales/en-US/grafana.json
+++ b/public/locales/en-US/grafana.json
@@ -953,6 +953,10 @@
       "short-url-label": "Shorten link",
       "time-range-description": "Change the current relative time range to an absolute time range",
       "time-range-label": "Lock time range"
+    },
+    "share-panel": {
+      "config-description": "Create a personalized, direct link to share your panel within your organization, with the following customization settings:",
+      "render-image": "Render image"
     }
   },
   "login": {
@@ -2009,6 +2013,14 @@
       "copy-button": "Copy to Clipboard"
     }
   },
+  "share-panel": {
+    "drawer": {
+      "share-link-title": "Link settings"
+    },
+    "menu": {
+      "share-link-title": "Share link"
+    }
+  },
   "share-playlist": {
     "checkbox-description": "Panel heights will be adjusted to fit screen size",
     "checkbox-label": "Autofit",
diff --git a/public/locales/pseudo-LOCALE/grafana.json b/public/locales/pseudo-LOCALE/grafana.json
index 66924c0e8e3..cc4fca17083 100644
--- a/public/locales/pseudo-LOCALE/grafana.json
+++ b/public/locales/pseudo-LOCALE/grafana.json
@@ -953,6 +953,10 @@
       "short-url-label": "Ŝĥőřŧęʼn ľįʼnĸ",
       "time-range-description": "Cĥäʼnģę ŧĥę čūřřęʼnŧ řęľäŧįvę ŧįmę řäʼnģę ŧő äʼn äþşőľūŧę ŧįmę řäʼnģę",
       "time-range-label": "Ŀőčĸ ŧįmę řäʼnģę"
+    },
+    "share-panel": {
+      "config-description": "Cřęäŧę ä pęřşőʼnäľįžęđ, đįřęčŧ ľįʼnĸ ŧő şĥäřę yőūř päʼnęľ ŵįŧĥįʼn yőūř őřģäʼnįžäŧįőʼn, ŵįŧĥ ŧĥę ƒőľľőŵįʼnģ čūşŧőmįžäŧįőʼn şęŧŧįʼnģş:",
+      "render-image": "Ŗęʼnđęř įmäģę"
     }
   },
   "login": {
@@ -2009,6 +2013,14 @@
       "copy-button": "Cőpy ŧő Cľįpþőäřđ"
     }
   },
+  "share-panel": {
+    "drawer": {
+      "share-link-title": "Ŀįʼnĸ şęŧŧįʼnģş"
+    },
+    "menu": {
+      "share-link-title": "Ŝĥäřę ľįʼnĸ"
+    }
+  },
   "share-playlist": {
     "checkbox-description": "Päʼnęľ ĥęįģĥŧş ŵįľľ þę äđĵūşŧęđ ŧő ƒįŧ şčřęęʼn şįžę",
     "checkbox-label": "Åūŧőƒįŧ",