Editorial information aggregated from public sources. Not regulated investment advice.

All contracts
ContractVerifiedPro

Quantum Algorithms for Energy Grids Contract

£1.2M UK government contract for Phasecraft to develop quantum algorithms optimizing energy grids, working with National Grid ESO.

Phase 2 of the UK Quantum Catalyst Fund project 'Quantum computing solutions for optimisation problems in Energy Grids,' funding Phasecraft to develop quantum algorithms for the hard optimisation problems of electricity grid planning and operation — including power exchange calculations, intentional islanding (partitioning the network to isolate faults), and renewable resource placement — as grid complexity grows with renewables integration. Phasecraft works with National Grid ESO (operating as NESO since October 2024) and the Department for Energy Security and Net Zero to identify and target those problems; the project began in January 2024.

Award detail

Agency
UK Department for Science, Innovation and Technology (DSIT) / Innovate UK
Award ID
Ceiling value
£1.2M
Vehicle
Quantum Catalyst Fund / SBRI contract
Awarded
2024-02-05
Period of performance ends

Recipient1

Programs1

Frequently asked

What is the Quantum Algorithms for Energy Grids Contract contract?
Phase 2 of the UK Quantum Catalyst Fund project 'Quantum computing solutions for optimisation problems in Energy Grids,' funding Phasecraft to develop quantum algorithms for the hard optimisation problems of electricity grid planning and operation — including power exchange calculations, intentional islanding (partitioning the network to isolate faults), and renewable resource placement — as grid complexity grows with renewables integration. Phasecraft works with National Grid ESO (operating as NESO since October 2024) and the Department for Energy Security and Net Zero to identify and target those problems; the project began in January 2024.
Which agency awarded the Quantum Algorithms for Energy Grids Contract contract?
The Quantum Algorithms for Energy Grids Contract contract was awarded by UK Department for Science, Innovation and Technology (DSIT) / Innovate UK under a Quantum Catalyst Fund / SBRI contract vehicle.
How much is the Quantum Algorithms for Energy Grids Contract contract worth?
The Quantum Algorithms for Energy Grids Contract contract has a value of £1.2M, awarded on 2024-02-05.

Tags

Sources & citations2

Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.

  1. 1

    Phasecraft wins £1.2 million UK government contract to develop quantum algorithms to optimise energy grids

    The Quantum Insider: Phasecraft Wins £1.2 Million UK Government Contract to Develop Quantum Algorithms to Optimise Energy Grids
    Verified2024-02-27
  2. 2

    Phasecraft's 'Quantum computing solutions for optimisation problems in Energy Grids' is one of six Quantum Catalyst Fund Phase 2 winners announced by DSIT on 5 February 2024; Phase 2 funds prototypes/demonstrations for the sponsoring department.

    GOV.UK (DSIT): Unlocking the potential of quantum: £45 million investment to drive breakthroughs in brain scanners, navigation systems and quantum computing
    Verified2024-02-05