The oil and gas industry has always been volatile, but with the recent decline in oil prices and cuts in spending, companies are exploring new vistas to improve efficiencies, performance, safety and take risk mitigation measures, at the same time optimize production. In the Utilities Industry as well, dynamic fordecasting & load management, operational efficiency augmentation, increasing government initiatives for AMI accentuate demand for predictive analytics, with highly advanced data technologies focused around solutions for preventive maintenance and production-related analytics at the core.
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NextEra Energy on 3rd Jan 2019 completed its $5.75 billion acquisition of Gulf Power. NextEra paid USD 4.35 billion in cash and assumed USD 1.4 billion in debt to acquire Gulf Power, according to a filing with the U.S. Securities and Exchange Commission. NextEra already owns Florida Power & Light, the state's largest utility with nearly 5 million customers. As per company officials, with an eye on the future, the deal is likely to pave the way for extending to Gulf Power's customers NextEra’s best-in-class value legacy of low bills, clean energy, high reliability and outstanding customer service.

On 17th December 2018, India Energy Storage Alliance (IESA) and European Space Agency (ESA) jointly announced that they are studying the feasibility and the commercial viability of using data from satellites for the monitoring of power grids and for supporting the development and management of microgrids and utility operations. Potential areas of opportunity identified include asset management, two‐way communication between smart meters and grid operators, prediction of consumption or generation peaks, development of Internet of Things (IoT) services, and the enhancement of virtual power plants. IESA is collaborating with ESA and European TSOs and DSOs to promote microgrids, electric vehicles, and energy storage technologies.

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