Latest news with #GRID-Q
Business Insider
05-08-2025
- Business
- Business Insider
Quantum Computing News: IonQ Boosts Energy Role, Fujitsu Targets 10,000-Qubit System by 2030
Welcome to this week's quantum news, as we continue in our quantum journey toward commercialization. This week's recap highlights practical upgrades to existing networks, fresh investments in R&D, and progress in real-world problem-solving. For investors tracking companies like IonQ (IONQ), Fujitsu (FJTSY), and Honeywell (HON) -backed Quantinuum, these moves show steady traction toward scaled deployment. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. PacketLight Networks and NEC Demo Quantum-Safe Networking We begin with PacketLight Networks and NEC Corporation, which demonstrated a working setup for quantum key distribution. Their test used NEC's quantum key distribution gear alongside PacketLight's PL-4000M Muxponder. The system maintained 100% data speeds while layering quantum encryption on a separate fiber. It did not need hardware upgrades, which could lower cost barriers for future rollouts. While still a lab test, the result confirms that QKD can work with today's commercial networks. This supports secure communications without major changes to data flow. The exhibition also highlights early demand for QKD-compatible hardware and low-latency encryption options. SEEQC Expands U.S. Operations to Support Chip Design Next up is a $60 million Nvidia (NVDA) - and IBM Quantum (IBM) -backed startup, SEEQC, which has leased a 13,635-square-foot site in Hawthorne, New York. The space will support chip manufacturing, testing, and system design. The firm builds superconducting chips that can work with multiple quantum systems. The move gives SEEQC closer access to talent and partners. It also signals its intent to scale chip production for commercial use. The site will house offices and labs that support new designs for modular and stackable quantum computing hardware. The biggest standalone quantum company, Quantinuum, will convert a site in Albuquerque into a new research and development hub. The company plans to focus on photonics control, a key part of its laser-based ion-trap quantum systems. The facility is expected to employ at least seven people by the end of the year, with future plans to install test beds. Quantinuum, formed from Honeywell Quantum and Cambridge Quantum, is one of the few firms that build both quantum hardware and software. Its expansion into New Mexico also supports public efforts to attract more quantum jobs to the Southwest. IonQ (IONQ) has partnered with Oak Ridge National Laboratory to apply its quantum system to the Unit Commitment problem. This challenge involves scheduling power plants to meet demand at the lowest cost. The project used IonQ's 36-qubit Forte Enterprise quantum system, in combination with classical models. The work is part of the U.S. Department of Energy's GRID-Q program. It tested the ability to optimize energy use across 26 generators and 24 time slots. The results point to potential cost savings and new ways to manage energy supply. IonQ expects future systems with 100 to 200 qubits could outperform current grid planning tools. Fujitsu Plans 10,000-Qubit System by 2030 Fujitsu (FJTSY) announced plans to build a superconducting quantum computer with over 10,000 qubits by fiscal 2030. The target includes 250 logical qubits using its STAR architecture. The effort is part of Japan's national post- 5G development program, and includes support from RIKEN and AIST. Fujitsu will also pursue diamond spin-based qubits by 2035. It aims to build a system with 1,000 logical qubits that combine multiple qubit chips. The roadmap includes new work on chip interconnects, cryogenic controls, and error correction techniques. We used the TipRanks' Comparison Tool to line up some of the top quantum stocks with a few names mentioned in this piece. It's an easy way to see how they compare and get a feel for where the space might be going. Investor Takeaway This week's news shows a growing mix of hardware investment and applied use cases. Companies are starting to bridge lab-grade quantum systems with enterprise needs. Quantum-safe encryption, grid optimization, and chip design are moving forward without major changes to core infrastructure. Investors should watch for continued signs of progress in system integration, facility builds, and commercial partnerships. Cost efficiency, deployment scale, and ecosystem access remain key factors for future gains in this sector.
Business Wire
31-07-2025
- Business
- Business Wire
IonQ Partners with Oak Ridge National Laboratory, Demonstrating Quantum Power Grid Optimization Advancements
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), the leading commercial quantum computing and networking company, announced a new achievement in applying quantum technology to energy grid optimization challenges. Through a collaborative partnership between IonQ, Oak Ridge National Laboratory (ORNL), and the U.S. Department of Energy (DOE), the team has successfully demonstrated that its hybrid quantum-classical computing approach can address the Unit Commitment problem, a critical task for power grid operators. The Unit Commitment problem involves determining the optimal schedule for power generators to meet electricity demand at minimal cost. This task becomes increasingly complex as power systems scale and generate more energy using dispatchable energy resources (e.g. nuclear plants, natural gas, hydroelectric…etc.) and intermittent sources such as solar and wind. IonQ and ORNL developed a hybrid approach that combines IonQ's 36-qubit Forte Enterprise quantum computing with classical computing. Using this hybrid approach, the team found varied solutions for power generation scheduling across 24 time periods and 26 generators. 'This demonstration marks a significant milestone in applying quantum computing to real-world energy challenges. We are proud to be partnering on this ground-breaking work with ORNL and the DOE,' said Niccolo de Masi, CEO of IonQ. 'As our systems scale to thousands and millions of qubits, we expect to solve grid optimization challenges at a scale that classic computing methods cannot match.' The energy sector is increasingly viewed as a key early use case for quantum computing advantages, given its reliance on complex optimization and simulation tasks. According to the U.S. Energy Information Administration, more than 60% of energy used in electricity generation is currently lost, pointing to a significant opportunity for waste reduction through improved planning and computational methods. This research is part of DOE's multi-year GRID-Q project, which brings together national laboratories, academic partners, and private-sector companies. ORNL leads the project, with IonQ as one of only two quantum industry partners tasked with developing scalable quantum algorithms for grid operations. 'This case study, completed by ORNL in partnership with IonQ, demonstrated the feasibility of using an ion-trapped quantum computing device to solve the Unit Commitment problem in the power grid,' said Suman Debnath, who led ORNL's contributions to the project. 'As the quantum device scales, concurrent research is intended to test how the application performance can gain a quantum advantage.' IonQ anticipates that quantum systems with 100 to 200 high-fidelity qubits, which are expected as early as 2026, will be capable of solving grid-scale Unit Commitment problems. The quantum optimization methods demonstrated in this work are applicable to a broad range of industries, including logistics, scheduling, and finance. This latest announcement builds on the established relationship between IonQ and ORNL. The organizations have partnered on several projects including: noise-tolerant methods to help solve the world's hardest optimization problems as well as a novel approach to scalable quantum computing. IonQ is also engaged in a separate $22 million project with EPB of Chattanooga that includes optimizing the energy grid. About IonQ IonQ, Inc. [NYSE: IONQ] is the leading commercial quantum computing, quantum networking and quantum applications company, delivering high-performance systems aimed at solving the world's most complex problems. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca, and NVIDIA achieve 20x performance results. The company is accelerating its technology roadmap and intends to deliver the world's most powerful quantum computers with 2 million qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense. IonQ's advancements in quantum networking also positions the company as a leader in building the quantum internet. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'anticipates,' 'can,' 'eventually,' 'expect,' 'expected,' 'ground-breaking,' 'opportunity,' 'scale,' 'will,' and other similar expressions are intended to identify forward-looking statements. These statements include those related to the IonQ's quantum computing capabilities and plans; IonQ's technology driving commercial quantum advantage or delivering scalable, fault-tolerant quantum computing in the future; the relevance and utility of quantum algorithms and applications run on IonQ's quantum computers; the necessity, effectiveness, and future impacts of IonQ's offerings available today; and the scalability, fidelity, efficiency, viability, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, and commercial-readiness of IonQ's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's ability to implement its technical roadmaps, business plans, forecasts, and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's customers deciding or declining to extend contracts into new phases; changes in U.S. government spending or policy that may affect IonQ's customers; and risks associated with U.S. government sales, including availability of funding and provisions that may allow the government to unilaterally terminate or modify contracts for convenience; changes in laws and regulations affecting IonQ's patents; and IonQ's ability to maintain or obtain patent protection for its products and technology, including with sufficient breadth to provide a competitive advantage. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's filings with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent Annual Report on Form 10-K and reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.
