Industry in general has recognized that we are at the beginning of a revolution that is fundamentally changing the way we live, work and relate to one another through revolutionary technological penetration in energy sector, which is being termed as ‘Energy 4.0’. Energy sector is going through a grand transition and as sector boundaries are getting blurred in this transition, entities across the entire value chain in the Conventional Energy space be it Coal, Oil, Gas, Hydro will need to respond through innovation, collaboration, new business models, capture opportunities and mitigate risks; and be agile for the fast ongoing change that is set to remain. Furthermore, Energy 4.0 will need to address issues of future market design, relationship between market partners and need for policy and regulatory regime having to keep pace with grand transition