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Stock impact report

IonQ Partners with Oak Ridge National Laboratory, Demonstrating Quantum Power Grid Optimization Advancements

IonQ, Inc. (IONQ) 
Company Research Source: Business Wire
New hybrid quantum-classical approach outperforms novel quantum algorithms to advance energy sector modernization 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 Show less Read more
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