Electric utility companies and transmission system operator need to match power supply and demand by coordinating generation, transmission and distribution of energy. Models used to manage energy markets consist of complex optimization problems including stochastic componentes, not only due to renewable energies that depend on weather forecasts. Quantum computers can provide solutions to classically not solvable instances.
Customer values/problems solved
- Quantum computers can provide solutions to classically not solvable instances
- Feasibility studies on various quantum hardware platforms
- Benchmarking versus classical algorithms
- Outlook and assessment where quantum computers can bring benefit in energy markets
- Quantum computing