Chattanooga’s EPB, or Electric Power Board, was the first in the United States to offer one gigabyte of internet service. Now, the public utility is embracing a new first–quantum computing.
What is quantum computing and why should we care, especially in Chattanooga?
What exactly is quantum computing? In very basic terms, the capacity of a quantum computer is exponentially larger in comparison to typical computers available in the use of code and the basic units of calculations and processing using the mechanics of particles and functions at a scale smaller than atoms. The application of quantum computing is in the speed of calculations being millions of times faster and the ability to solve problems much more complex than typical computers.
In research, once a pattern is established, the speed of quantum computing in using algorithms makes a years-long study much shorter in duration. This power translates to significant gains in optimization and efficiency, notably in energy solutions (such as battery technology) and the advancement of medical treatments.
Chattanooga’s Electric Power Board and IonQ have just announced a $22 million partnership to develop and host the first quantum computing and networking hub in America. The new EPB Quantum Center will serve as a resource for research, development, and the marketing of applications that benefit both consumers and patients.
IonQ is a College Park, Maryland computer company with expertise in building quantum computers. The partnership with EPB makes the Chattanooga utility the host of the network available for commercial use. IonQ provides training, development, and support.
IonQ will also create a Chattanooga office in this comprehensive quantum partnership moving Chattanooga into a small number of cities that support research, development, and a deliverable that is in the market and useful in a large number of business sectors.
The EPB Quantum Center will develop cybersecurity technologies and cryptography that permits tamper-proof communications and data transmission. The area of energy productivity will see benefits in grid outage reduction, load balancing, and initiatives to improve energy efficiency for consumers.
The benefits of quantum computing pack a long list. Understand, however, that the economic benefit to companies having access to such a resource versus classical computing offers key competitive advantages. The opportunities for Chattanoogans and area residents come in the form of more incredible jobs and an influx of high-tech leaders creating an unparalleled culture of economic growth, technological advancements, and a Scenic City that moved from Gig to Quantum.