Fraunhofer-Institut für Optronik, Systemtechnik und Bildauswertung IOSB
"We are looking forward to be a part of the EnerQuant research project to test quantum computing in an exciting practical application of the energy sector."
Fraunhofer-Institut für Techno- und Wirtschaftsmathematik ITWM
"Finding good solutions for complex mixed-integer optimization problems as in energy economics is a challenge for existing hardware and algorithms. Quantum computing might provide a novel approach to solve these kinds of problems better in terms of time and quality."
JoS QUANTUM GmbH
"Our intention is to further develop the fundamental model and the quantum simulator with the long-term goal of modeling the German electricity market with sufficient accuracy."
University of Heidelberg
"Over the last years, we had great success in the study of many-body physics with cold atomic gases. It is now an exciting challenge to look into their application to such an important problem like the energy market."
JoS QUANTUM GmbH (www.jos-quantum.de) develops software and algorithms for the financial, insurance and energy industry and connects special hardware, such as various quantum computers and quantum simulators and special purpose chips in one platform. Focusing on the toughest problems within the field, JSQ provides easy integratable cutting edge computing algorithms for risk management, portfolio optimization, portfolio allocation, stress testing and network analysis. An API to the platform allows computationally intensive steps to be solved efficiently and integrated as microservices into any infrastructure. Furthermore, JSQ provides unique interconnected expertise in finance, insurance, energy, software development, algorithm and quantum algorithm design.
The Fraunhofer ITWM is the world's largest institute for industrial mathematics. Two departments with different expertise are involved in EnerQuant. The department of Financial Mathematics works with about 25 persons on industrial and research projects on mathematical problems from finance and energy. The department can rely on a large experience in development of software prototypes, which are often the result of industrial projects of the institute. Research projects involve, among others, flexible load shifting of industrial plants with a high energy consumption or electricity forecasts based on neural networks. The Competence Center for High Performance Computing (CC-HPC) develops innovative HPC solutions for the industry and participates in national and international research programs. Since its foundation in 2002, the CC-HPC focuses primarily on parallel application development, development of HPC tools and architecture specific mathematical kernel optimization as well as hardware software co-design for emerging technologies.
We work towards new methods and processes for the optimal use of complex cybernetic systems and translate them into innovative operation control applications for various purposes like cross-sectoral energy systems and water supply. Our solutions can be found worldwide in numerous applications of our clients. These include power plant dispatch planning, management of storage units, power supply systems, virtual power plants, water supply networks and barrage cascades. Localization solutions and autonomous robot platforms for the industry form a further focus of our work. We have set a benchmark for deep-sea suitable autonomous underwater vehicles with our own base system “DEDAVE”, which we successfully brought to the market. Our excellent R&D activities are consequently tailored across multiple sectors to the major topic “digitalization”. For public contract research, we are excellently positioned on federal state and European level. We have a research infrastructure for indoor and underwater robotics, a pressure test bench for deep-sea components as well as numerous platforms for the “digitalization of the energy supply”. For the latter, the service offering covers energy (data) management solutions and test areas about IT security for critical infrastructure.
Heidelberg University is one of the eleven German universities that have been recognized as outstanding universities in the German government’s Excellence Initiative. With four research groups for ultracold atoms, the Center of Quantum Dynamics and the SFB 1225 ISOQUANT, the Faculty of Physics and Astronomy has become an internationally recognized leader in quantum simulation with cold atoms.
The work is supported by Philipp Hauke as an associate member , who has been Associate Professor at the University of Trento, Italy, since fall 2019. Prior to this, he was a group leader at the University of Heidelberg. Philipp Hauke is a member of the INO-CNR BEC centers of the University of Trento and Q@TN, an interdisciplinary umbrella organization of engineering, physics, computer science and mathematics. In 2018 he was awarded an ERC Starting Grant. His group, which currently consists of five PhD students and one postdoc, is investigating how synthetic uantene systems can be used for the development of novel quantum technologies.