Embracing the Quantum Economy 2024

Implications for energy and utilities FIGURE 9 Energy and utilities Themes of value creation Energy efficiency and green energy Energy grid optimization Tailings treatmentQuantum computing Supports diversifiation into sustainable energy management, grid optimization and energy storage solutionsResource exploration and environmental monitoring Geophysical surveys Advanced diagnostic imagingQuantum sensing Drives diversification in resource management, mining and environmental sectorsSecure energy infrastructure Secure communication networks for infrastructure Distributed entanglement for precise timekeeping (in the future)Quantum communications and security Enables economies to invest in secure, resilient energy systems, fostering growth in energy cybersecurity and utility management Source: World Economic Forum in collaboration with Accenture2.2.5 Energy and utilities In the energy sector, quantum technologies could be used to find new potential in enhancing vehicle- to-grid (V2G) energy systems. These systems allow electric vehicles to feed energy back into the grid, improving grid stability and efficiency. Quantum algorithms show promise to optimize the timing and amount of energy transfer, maximizing benefits for both the grid and EV owners.55 This can contribute to a more resilient and sustainable energy infrastructure. By optimizing energy systems, quantum technologies support economic diversification by fostering innovation in energy management and sustainability. Quantum computing optimizes energy grids and accelerates resource exploration, driving new efficiency and sustainability. Adoption of quantum technology enables economies to diversify into the renewable energy, smart utilities and clean technology sectors, reducing reliance on traditional fossil fuels and fostering the growth of green industries.56 Embracing the Quantum Economy: A Pathway for Business Leaders 26