Dirk Sakil, CEO of Quantagonia, explains the operational computational constraints faced by German energy utilities when scheduling power generation and trading.
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“For example, in Germany all the energy is traded within windows of 15 minutes. So a big, Energy companies, they make every 15 minutes a decision. Should we buy energy? Should we produce energy? Do we get enough solar energy for the next 15 minutes or wind energy? And so they have a time window of these 15 minutes is five minutes data in, five minutes making the next, the right decision, and then five minutes data out.”
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More from Dirk Sakil
PredictionOpen · timeframe Apr 2027
Sakil: Industry-ready quantum computers are three to five years away
“Industry availability of these computers would take at least three years. We estimate three to five years”
Dirk SakilApr 14, 2022▶ 2:10Can This Quantum Compute Startup Get 11 LOI's To Convert to $100k+ ACV's?
Disclosure
Quantagonia plans to compile x86 code to run on quantum computers
“And we will do basically the same for quantum computing.
So put your x-eighty-six code in and you can run it on the quantum computer in the future.”
Dirk SakilApr 14, 2022▶ 4:38Can This Quantum Compute Startup Get 11 LOI's To Convert to $100k+ ACV's?
Disclosure
Quantagonia's 11 enterprise LOIs do not guarantee payment upon hitting benchmarks
“No, it's not paying Z, but it's stating that we have a joint collaboration, and if that turns out, then we work on a commercial relationship, yeah.”
Dirk SakilApr 14, 2022▶ 13:16Can This Quantum Compute Startup Get 11 LOI's To Convert to $100k+ ACV's?
AssertionNot checkable as stated
Sakil: Optimization enterprise customers are willing to pay six-figure annual contracts
“And they, as I said, they are saving a lot of money if they get to the best solution, and they're easily willing to pay in the six digits US dollar space per year, for example.”
Dirk SakilApr 14, 2022▶ 16:14Can This Quantum Compute Startup Get 11 LOI's To Convert to $100k+ ACV's?
AssertionNot checkable as stated
Quantagonia has signed 10 to 11 enterprise letters of intent
“We have signed up with 10, 11 customers on an LOI basis.”
Dirk SakilApr 14, 2022▶ 5:10Can This Quantum Compute Startup Get 11 LOI's To Convert to $100k+ ACV's?
AssertionSupported
Sakil: NFL runs thousands of AWS nodes for months to generate schedules
“Like the NFL, they are running several thousand notes on Amazon for a few months just to get the best NFL schedule in the US.”
Dirk SakilApr 14, 2022▶ 9:16Can This Quantum Compute Startup Get 11 LOI's To Convert to $100k+ ACV's?
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