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As global economies grow manifold, people's standards of living will rise, challenging traditional utilities' business models. Global Mega Trends are disruptive forces that have far-reaching impact on several industries including power utilities. As a result, it is essential for utility companies to adopt a well-balanced strategy, strengthen existi...

Prosumers (customers who both produce and consume energy) are on the rise globally, as investment in renewables and distributed generation technologies increase. Enabled by smart energy management solutions, smart grids, energy storage solutions, and supportive legislation, the next 5 years will see strong growth in related markets, as well as disr...

An MG is an energy system consisting of a group of interconnected loads, distributed energy resources, consumers, and optional storage that acts as a single controllable entity with respect to the grid. A VPP is a virtual network that is dependent on software systems to connect remotely and automate dispatch of power generation. The fine line that ...

In the globalized world, the oil and gas (O&G) industry relies on information technology (IT) to meet its business goals. The O&G industry has realized that IT is the key to manage future oil platforms, and also for an efficient production of existing reserves. The need for a collaborative environment is expected to be a prerequisite in the near fu...