The Quantum Computing In Energy And Utility Market is set to achieve significant growth, with a projected compound annual growth rate of 4.34% from 2025 to 2034. This report provides insights into market dynamics, key players, and emerging trends, essential for stakeholders navigating this evolving industry landscape.
The National Institute of Standards and Technology has selected SandboxAQ’s Hamming Quasi-Cyclic algorithm as part of its post-quantum cryptography standards. This algorithm, designed for secure key exchange, offers robust protection against quantum attacks, ensuring the confidentiality of communications in critical sectors like finance and healthcare.
JPMorgan Chase and Quantinuum have showcased a groundbreaking application of quantum computing by generating certifiable randomness. This advancement is crucial for enhancing cybersecurity, ensuring unpredictability in cryptographic keys, and supporting various applications, including digital communication and data privacy. The findings highlight significant progress in quantum technology and its real-world implications.
Quantinuum, in collaboration with JPMorganChase and several national laboratories, has achieved true verifiable randomness through quantum computing, enhancing cybersecurity. This breakthrough allows for faster verification compared to classical methods, paving the way for new commercial products aimed at providing secure, certifiably random seeds for various enterprises.
The National Institute of Standards and Technology has selected Florida Atlantic University’s Hamming Quasi-Cyclic (HQC) for standardization in its Post-Quantum Cryptography project. HQC offers quantum-resistant security, ensuring secure key exchange and safeguarding digital communications against future threats posed by quantum computing. This marks a significant advancement in cryptographic standards.
Scientists from the University of Osaka and Fujitsu have launched OQTOPUS, an open-source operating system for quantum computers. This customizable platform aims to simplify the setup and operation of quantum systems, enhancing accessibility and fostering innovation in quantum applications, with integration into cloud services expected in 2025.
A Google executive predicts that practical applications of quantum computing may be just five years away. This breakthrough could revolutionize fields like advanced physics and AI data generation. Despite recent stock declines in quantum companies, experts acknowledge the potential of quantum technology, though challenges remain significant.
SK Broadband has launched a dedicated line based on Post-Quantum Cryptography (PQC), marking a significant step in securing public institutions against quantum computing threats. This initiative connects Korea Electric Power Technology’s headquarters and seven offices, showcasing the practical application of quantum-resistant security measures in real-world scenarios.
Scientists at QuTech have achieved a significant milestone in quantum computing by developing highly precise quantum gates on a diamond chip, with error rates as low as 0.001%. This advancement is crucial for building scalable quantum computers capable of solving complex problems beyond the reach of classical computers.
Nvidia’s GTC 2025 conference kicks off in San José, featuring CEO Jensen Huang’s keynote on AI and accelerated computing. Expect announcements on the new Blackwell B300 GPUs and insights into quantum computing advancements. Despite recent challenges, Nvidia remains a leader in the GPU market, projecting strong revenue growth.
