Silicon Quantum Computing, Schneider Electric Receive A$3.6 Million for Grid Forecasting

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Silicon Quantum Computing and Schneider Electric have received A$3.6 million to advance their quantum-enhanced AI system for energy grid forecasting. This funding supports Stage 2 of their initiative to improve forecasting accuracy and scale the technology for deployment.

Key facts

• Silicon Quantum Computing and Schneider Electric were awarded A$3.6 million.
• The funding is for Stage 2 of the Australian Government’s Critical Technologies Challenge Program.
• They are developing a quantum-enhanced AI system for energy grid forecasting.
• Hybrid quantum-classical machine learning models showed an average 20% improvement in forecasting accuracy.
• The next phase involves scaling the models for deployment in hundreds of residential locations in Australia.