QUANTUM OPTIMA
Quantum OptimaAthens

Optimal decisions
under uncertainty.

We build optimisation and decision-assurance software for energy and defence—turning complex constraints into clear, explainable actions.

Classical optimisation today. Quantum-enhanced methods in development.

Optimal allocation

The best use of scarce resources, with reasons given.

High uncertainty

Built for incomplete, noisy and fast-changing inputs.

Classical + quantum

One formulation that runs on classical and quantum solvers.

Decision, solved live

Two areasOne engine

Energy markets and counter-UAS defence.

Both put a decision-maker in the same position: scarce resources, competing demands, and estimates that may be wrong. The same engine serves both.

TRL 7

Classical energy optimiser

Energy
150+

Market measures, more than 5 years of history

Quantum Energy Intelligence
−6 to −8

Critical-site hits per raid against a simple rule, in synthetic studies

Aegis · 36 studies
<1ms

Threat-to-effector decision time

Aegis · TRL 4
QuantumResearch programme

From formulation to real quantum hardware.

We write our decision problems in the form quantum computers accept, run them on real devices, and compare every result with the best classical answer. We publish what we find, including where quantum does not yet win.

  1. 01 · Formulate

    QUBO and Ising

    The assignment problem written as an energy landscape whose lowest point is the best decision.

  2. 02 · Reference

    Exact classical answer

    Every instance is solved exactly first, so each quantum result has a ground truth to be judged against.

  3. 03 · Run

    QAOA on IBM Quantum

    A 3×3 allocation case compiled and executed on a real IBM quantum processor, ibm_kingston.

  4. 04 · Compare

    Annealing baseline

    The same case solved with D-Wave's open-source simulated annealer, run locally as a classical benchmark.

  5. 05 · Report

    Frozen and versioned

    Each experiment is fixed before results are seen and versioned in the Quantum Optima Benchmark Suite.

IBM Quantum · D-Wave Ocean · QAOA · QUBO / Ising How quantum fits our engine →
Recent
Oct 2026Dual-use

Optima Aegis presented at ELKAK Innovation Days.

Sep 2026Company

Quantum Optima joins Elevate Greece.

Sep 2026Dual-use

Contributed to the Swedish FMV dialogue on future naval command and control.

Jul 2026Dual-use

Optima Aegis pitched at the Counter-UAS Forum in Berlin.

Jun 2026Energy

Quantum Energy Intelligence goes live at curves.quant-optima.com.

A decision you cannot afford to get wrong?

Tell us what has to be decided, and how fast.

Talk to us
Approach

Uncertainty is the input. A decision is the output.

We treat every problem as an allocation under uncertainty. We formulate it once, solve it with the best available method, and explain the result to the person who has to act on it.

01 · Model the doubt

Scenarios, not single forecasts

Prices, threat behaviour and sensor quality enter as distributions and scenarios, so the decision holds up when an estimate is wrong.

02 · Decide in time

Optimal within the time available

Exact methods where they are fast enough, and bounded approximations where they are not. A good answer delivered on time beats a perfect one delivered late.

03 · Show the reasoning

Explainable by default

Every recommendation states its confidence, the constraints it met and the cost of waiting.

L1

Data

Market curves, asset telemetry, sensor tracks.

Live
L2

Formulation

Assignment and b-matching models, with QUBO and Ising forms of the same problem.

Shared core
L3

Classical solvers

MILP and the Hungarian method. Provably optimal allocations in milliseconds.

TRL 7 · in pilot
L4

Quantum layer

QAOA on IBM Quantum and annealing on D-Wave, benchmarked against the classical result.

Research
L5

Decision layer

Recommendation, confidence and trade-offs, approved by a person.

Explainable
Quantum readyBenchmark Suite

We report where quantum does not yet win.

Each experiment in the Quantum Optima Benchmark Suite is versioned and run against the classical solver on the same problem and time budget. When the classical solver wins, we report that too. Clients get classical results now and a clear path to quantum if and when it pays off.

Energy1 · Quantum Energy Intelligence

The market, measured before it is decided.

Quantum Energy Intelligence is our live market-data platform. It shows price curves, spreads, load, renewable output and balancing signals, live and historical, and it is the data layer under Quantum Energy Optimisation and IBAP.

150+

Market measures tracked

Coverage
5+ yrs

Of historical data for backtests and scenarios

History
Live

At curves.quant-optima.com since June 2026

Platform
GR

Greek day-ahead, intraday and balancing markets

Markets

Prices and spreads

Day-ahead and intraday price curves, spreads and volatility, the inputs to every dispatch and revenue decision.

Traders · analysts

System signals

Load, renewable output and balancing signals, so a decision reflects the state of the system, not only the price.

Operators · aggregators

History for scenarios

More than five years of history to build the price and activation scenarios that Quantum Energy Optimisation and IBAP use.

Investors · lenders
How the products connect
Data

Quantum Energy Intelligence

Measures the market: prices, spreads, system signals and their history.

Decide

Quantum Energy Optimisation

Uses that data to decide where each megawatt-hour goes, every day.

Judge

IBAP

Uses the same data and models to assess what a battery can earn and plan how to build it.

Energy2 · Quantum Energy Optimisation

Dispatch decisions for batteries in volatile markets.

A battery can sell into several markets every hour, and prices change between the time a bid goes in and the time it clears. Quantum Energy Optimisation decides where each megawatt-hour goes, within the asset's physical limits. It runs on classical optimisation today; quantum-enhanced methods are in development.

DAMIDA1IDA2IDA3aFRRmFRR
TRL 7

Classical optimiser, validated in an operational environment.

Technology
Pilot

Paid pilot with a Greek energy aggregator, under a signed letter of intent.

Commercial
GreenSyn

Member of the GreenSyn Accelerator in Cyprus.

Accelerator
150+

Market measures feeding the optimiser.

Data

BESS dispatch

Day-ahead, intraday and balancing bids for standalone batteries. The optimiser respects state of charge, cycling limits and grid constraints, and re-plans as prices move.

Owners · operators

Co-located BESS

Joint dispatch of a battery with solar on the same connection point, so curtailment and storage are decided together. Read more →

PV + storage

Fleet optimisation

Portfolio-level decisions across several batteries and virtual power plants. Read more →

Aggregators · VPPs

Built on Quantum Energy Intelligence

Every decision draws on our live market data: price curves, spreads and system signals, with five years of history behind the scenarios. About the data →

Data layer
A day of dispatchExample

Buy low, sell high, within the limits.

One optimised day for an example 25 MW / 50 MWh battery on Greek day-ahead prices: charging in the cheap midday hours, discharging into the morning and evening peaks, with the state of charge tracking every move.

Representative optimised day: charge and discharge bars, day-ahead price and state of charge across 24 hours
Example projectRepresentative optimised day, 10 March 2025. A best-cycling day from a perfect-foresight optimisation, shown to illustrate the strategy, not an average day's earnings.
Why Quantum Energy Optimisation

Transparent by design.

Visible constraints

Every rule the optimiser respects is written down and can be inspected. No black box.

Physics-aware

State of charge, efficiency, cycling limits and degradation are modelled explicitly, not approximated.

Portfolio-native

One battery or a whole fleet, with revenue aggregated across assets and markets.

Revenue you can audit

Every figure, from €/kW-year to cycles and state of charge, comes straight from the solver results.

Local or cloud

Runs on your servers or ours, as a modular system that fits your existing workflow.

Simple commercial terms

A transparent subscription, with an optional revenue-share model.

Engagement

From your data to live dispatch.

01

Backtest

We run the optimiser on your asset's history and compare it with what the asset earned.

02

Paid pilot

Live recommendations next to your current process, measured against agreed metrics.

03

Production

Integration into your bidding workflow, with reports your risk team can audit.

See what your battery could have earned.

Send a year of dispatch data and we return a backtest.

Energy3 · IBAP: Independent BESS Assessment and Planning

What a battery can really earn, and how it should be built.

Revenue projections for storage projects usually come from the people selling them. IBAP gives investors, lenders and developers a separate, model-based view of revenue, risk, bankability and design before money is committed.

Assessment

For investors and lenders

The question

Is this revenue case credible, and will it support debt in a bad month?

What you receive

Revenue ranges by market, monthly cash flow, DSCR under base and downside cases, and an optional benchmark of the optimiser's results, online in IBAP and as a PDF report.

Planning

For developers and owners

The question

What should we build: how many MW, how many hours, standalone or co-located?

What you receive

Revenue as a function of power, duration and co-location category, with the trade-offs between them.

Assessment and planning are always separate engagements. When we plan a project for its developer, we do not provide the independent assessment of that same project to its lender.

Inside IBAPExample assessment

What an assessment shows.

Screens from IBAP, where we build and deliver every assessment, here for an example standalone battery (25 MW / 50 MWh) on 2025 Greek day-ahead data. The returns shown are perfect-foresight ceilings on illustrative inputs, not a forecast for any real project.

IBAP strategy comparison: headline IRR and P10 to P90 range for energy-only, balanced and reserve-led strategies against an 8% hurdle
Example projectThe same asset under three strategies. On energy arbitrage alone the example clears an 8% hurdle only just; most of the upside rests on the reserve-capacity price. IBAP shows that gap rather than hiding it, with the 1-in-10 downside to 1-in-10 upside range for each strategy.
Cumulative cashflow J-curve with payback, and debt-service coverage ratio by year against the lender floor
Example projectCashflow and debt cover. When the equity comes back, and whether operating cash covers the debt in every year against a typical 1.2x lender floor.
IRR sensitivity tornado for reserve capacity price, realism haircut, CAPEX and spread decline
Example projectWhat the return is most fragile to. How far the IRR swings as the reserve price, a realism haircut, capex and spread decline move across their ranges. The longest bar is the assumption to test hardest.
The IBAP method

Five tests for a credible revenue case.

Market-realistic, physically deliverable, contractually compliant, financially bankable and operationally adaptive. A case passes IBAP only if it holds up under all five. Read the method →

Revenue

Expected earnings across day-ahead, intraday and balancing markets, with the optimal mix for each period.

Assessment · Planning

Risk

Revenue ranges under price, volatility and market-design scenarios, so the downside is visible to the lender.

Assessment

Design

How revenue changes with MW, MWh, duration and co-location, to set the right asset before it is built.

Planning

Evaluating or planning a storage project?

Tell us which, and we will scope an IBAP engagement.

Request IBAP
InsightsResearch and publications

The work behind our numbers.

Our market brief, white paper, benchmark method and glossary, published so that investors, lenders and evaluators can check how we reach our conclusions.

BESS Monthly New

Our monthly brief on what changes battery revenue. No. 1, November 2026: Greece passes 1 GW, and access starts to matter more than spread.

Read the issue →

White paper: optimal battery decisions under uncertainty

The decision problem, where uncertainty enters in Greece today, how we optimise and assess under it, and where quantum methods honestly stand.

White paper →

Classical and quantum: how we benchmark

Our method for testing quantum solvers against exact classical answers, and where the results stand.

Benchmark →

The IBAP method

The five tests a battery revenue case must pass.

Method →

Co-located BESS

Deciding curtailment and dispatch together under Greece's 11A, 11B and 11C rules.

Read →

Fleet optimisation

Dispatching many batteries as one portfolio within site, network and regulatory limits.

Read →

Glossary

Technical terms in plain words, for investment committees and operators.

Glossary →

BESS Monthly archive

August 2026, published as BESS Weekly: bankability, market design and the new economics of flexibility.

Archive →
Optima Aegis emblemOptima AegisDual-use · Counter-UAS · TRL 4

The right effector for each drone, in under a millisecond.

When drones arrive in numbers, the hard part is deciding which jammer, interceptor or other defensive effector to commit to which target, using tracks that may be incomplete. Optima Aegis sits between sensors and effectors, solves that assignment, and shows the operator why. It is a decision layer, not a weapon.

Laboratory evidence36 preregistered synthetic studies

Fewer hits on critical sites, and less spend.

−6 to −8

Critical-site hits per raid against a simple engagement rule, when the attacker jams sensors and re-aims its waves.

Protection
24–44%

Lower spend on interceptors when cheaper effectors are mixed with expensive ones.

Cost
Holds

With small drones, shorter-range radar, dense false tracks and terrain masking.

Robustness
<1ms

Decision time for each threat-to-effector assignment.

Speed

Each study was preregistered before measurement and run with simulated operators under strict human approval. These are synthetic laboratory results, not field results. The next step is operator trials with a partner.

How it worksIllustration

Rank, propose, approve.

Aegis turns a crowded, uncertain picture into a short list of decisions for a person to make. Detailed demonstrator screens are available to partners and evaluators on request.

How Optima Aegis works Incoming drone tracks approach a defended area with three protected sites and three defensive systems. Aegis ranks the tracks, proposes an assignment for each, and places the proposals in an operator queue for approval. DEFENDED AREA Protected sites System 1 System 2 System 3 R2 · Track A R1 · Track B R3 · Track C OPERATOR QUEUE HUMAN DECIDES P1 · RISK R1 Track B → System 2 Approve Reject P2 · RISK R2 Track A → System 1 Approve Reject P3 · RISK R3 Track C → System 3 Reason, confidence and cost of delay shown Incoming track (ranked R1–R3) Defensive system Protected site Proposed assignment, awaiting approval
How Optima Aegis works. Drones approach a defended area. Aegis ranks each track by risk, proposes the best defensive system for it, and places every proposal in the operator's queue with its reasoning. Nothing proceeds until the operator approves. Illustration, not a product screen.
Decision layerArchitecture

From sensor picture to human decision, in seven steps.

Aegis sits above the sensors and effectors a customer already has. It is not a weapon, a drone platform or a black-box autonomous controller.

01

Inputs

Sensor tracks, asset positions, alerts and operator reports, from any vendor.

Any sensor
02

Normalisation

Different formats converted into one common operational picture.

Common picture
03

Situation assessment

What is relevant, what is uncertain, what is urgent and what could escalate.

Live
04

Optimisation

Every feasible assignment weighed against objectives, constraints, timing and risk.

Under 1 ms
05

Recommendation

Ranked options, each with its reasoning, confidence and likely consequences.

Explained
06

Human decision

The operator approves, rejects, delays or overrides.

Human authority
07

Audit trail

The full path from observation to outcome, recorded for review and learning.

Recorded
Deploys as Integration layer for existing systemsDecision-support dashboardOn-premise systemEdge module
Principles

Built for the people who answer for the outcome.

Human authority

Operators approve, reject or escalate every recommendation. Aegis does not replace command responsibility.

Explainability

Each recommendation shows its reasoning, confidence, constraints and the cost of delay.

Sensor and effector agnostic

Integrates with existing counter-UAS systems as middleware.

Auditability

Every recommendation, approval and override is logged for after-action review.

Uncertain tracks

Decides with incomplete or conflicting sensor data, and updates as tracks firm up.

EU and NATO aligned

Developed in Greece for European and allied programmes, civilian-first and non-classified, in line with NATO's principles of responsible use of AI.

Counter-UAS scenarios
Saturation

Swarm and mass attacks

When there are more drones than effectors, every assignment counts.

Sites

Critical infrastructure

Energy installations, airports and military sites protected by mixed effectors.

Layers

Layered defence

Coordinates soft-kill and hard-kill layers so they do not waste shots on the same target.

Integrator, programme or test partner?

We work with primes, integrators and defence agencies.

Contact the Aegis team
IBAP/Method

The IBAP method: five tests for a credible revenue case.

IBAP, Independent BESS Assessment and Planning, is our model-based view of what a battery can earn and how it should be built. It serves investors, lenders and developers who need a view separate from the sponsor's case and from the optimiser that will trade the asset.

The five tests

A revenue case passes IBAP only if it holds up under all five tests. Each test answers one question a lender will ask.

TestThe questionWhat we check
1 · Market-realisticAre the price and competition assumptions credible?Price scenarios, spread compression as more batteries connect, regulator reference cases such as p75
2 · Physically deliverableCan the asset deliver this schedule?Power, energy, duration, state of charge, degradation, injection windows
3 · Contractually compliantWhat is left after rules and contracts?Penalties, availability obligations, stacking restrictions, clawback above allowed revenue
4 · Financially bankableDoes it support debt in a bad month?Monthly cash flow, settlement timing, DSCR, downside cases
5 · Operationally adaptiveWill it keep earning as markets change?Re-optimisation as forecasts, rules and network conditions move

What you receive

  • Revenue ranges by market: day-ahead, intraday and balancing, each with its own uncertainty band.
  • Monthly cash flow: not only an annual average, because a debt payment falls due every month.
  • Bankability metrics: DSCR, minimum required revenue and equity returns under base and downside cases.
  • Sizing advice: how revenue changes with MW, MWh, duration and co-location.
  • Optimiser benchmark (optional): a comparison of an optimiser's reported results with what the asset could have earned.

Why independence matters in Greece now

No group in Greece may own or control more than 500 MW of batteries, and since July 2026 the cap also counts capacity under management and aggregation agreements. A 7 GW market would therefore need at least 14 optimisers that a bank will accept (Solarplaza). Lenders will be asked to finance assets traded by optimisers they have not seen before, and Greece has no public league table of optimiser performance. An independent model gives them a benchmark.

What IBAP is not

IBAP does not trade the asset, and we have no stake in the project's sale. Assessment and planning are separate engagements: we never assess, for a lender, a project we planned for its developer. It is a model-based assessment: its results depend on stated assumptions, which we list in every report, and it is not a guarantee of future revenue.

Insights/White paper · November 2026

Optimal battery decisions under uncertainty.

Classical and quantum-enhanced optimisation for battery storage in volatile electricity markets. Our white paper sets out the decision problem, where uncertainty enters in Greece today, how we optimise and assess under it, and where quantum methods honestly stand.

Four findings

  1. The core problem is allocation under uncertainty. Prices, balancing activations, rules and financing all move between the moment a decision is planned and the moment it settles.
  2. Feasible before optimal. A schedule that breaks state-of-charge limits or the Greek midday injection rule earns nothing.
  3. Lenders need an independent view. Greece's 500 MW control cap means banks will finance assets traded by optimisers without a track record.
  4. Quantum-enhanced methods are research. At the sizes tested so far, the classical solver matches or beats the quantum result, and our optimiser is classical, at TRL 7.

This paper replaces our earlier paper, “Quantum Advantage for the Energy Transition”.

Insights/Research

Classical and quantum: how we benchmark.

We test quantum methods on the same problems our classical optimiser solves, and we compare them on the same instance and time budget. This page explains the method and where the results stand.

Method

  1. One formulation. The allocation problem is written as a QUBO (equivalently an Ising model), whose lowest-energy state is the best decision. Constraints enter as penalty terms.
  2. An exact reference. Every instance is solved exactly with a classical method first, so each quantum result has a ground truth.
  3. Protocol fixed in advance. Solver settings, seeds and success criteria are frozen before any result is seen.
  4. Versioned records. Each experiment is recorded in the Quantum Optima Benchmark Suite, with the naming convention QO-Q00N vX.Y.
minimise zᵀ Q z over binary vectors z ∈ {0,1}ⁿ Q = objective terms + λ · constraint penalties

Where the results stand

MethodWhere it runsStatus
MILP and exact assignmentClassical serversTRL 7 · in pilot
QAOA (gate-based quantum)IBM Quantum, including a run on a real processor (ibm_kingston) for a 3×3 allocation caseResearch
Simulated annealingD-Wave's open-source sampler, run locally as a classical baselineResearch benchmark
Quantum evidence panel: canonical CASE-C run on IBM processor ibm_kingston, 8,192 shots, 101 feasible hits (1.23%), true optimum 47 hits, 11.10% optimum probability
The real-hardware run. The canonical 3×3 allocation case executed on IBM's ibm_kingston processor: 8,192 raw shots, 101 feasible results (1.23%), of which 47 were the true optimum. A classical solver finds that optimum exactly in milliseconds. The run is read-only research evidence and does not drive any decision.

At the sizes tested so far, the classical solver matches or beats the quantum result. We report this as plainly as we would report a win. It is not a quantum-advantage claim, and no quantum result controls any decision our software makes.

Why we keep the programme

The formulation work makes our classical models cleaner and faster. And if quantum hardware reaches an advantage on problems of this shape, our models will already be in the form it needs.

This page replaces our earlier page, “Quantum Superiority in BESS Optimisation”.

Solar plus storage: deciding curtailment and dispatch together.

A battery behind the same connection point as a solar plant can store energy that would otherwise be curtailed and sell it when it is worth more. The value depends on deciding both at once, within the charging rules that apply to the site.

Why it matters in Greece

Renewable curtailment in Greece is expected to reach about 3.5 TWh in 2026, according to ion Ventures (Solarplaza). Aurora Energy Research puts solar-plus-storage returns above 11%, helped by shared grid connections that can cut capex by up to 15% (Solarplaza).

The rules decide the model

Greek co-located batteries fall into three categories, and each one changes the constraints the optimiser must respect (pv magazine):

CategoryCharging ruleWhat the optimiser must respect
11ACharges only from the solar plantNo grid charging; storage value comes from shifting solar output
11BCharges from solar and the gridNo discharge in hours when curtailment may be required
11CServes a cluster of solar plantsDischarge limits apply to the battery only

Formulation

For each interval t, the optimiser chooses solar output, curtailment, charging, discharging and the grid position together:

maximise Σₜ [ πₜ · Pᵍʳⁱᵈₜ − c_deg(Pᶜʰₜ, Pᵈⁱˢₜ) ] subject to Pᵖᵛₜ + Pᵈⁱˢₜ − Pᶜʰₜ − Pᶜᵘʳᵗₜ = Pᵍʳⁱᵈₜ SoCₜ₊₁ = SoCₜ + ηc·Pᶜʰₜ − Pᵈⁱˢₜ/ηd SoCmin ≤ SoCₜ ≤ SoCmax, |Pᵍʳⁱᵈₜ| ≤ connection limit + the charging and discharge rules of the site's category

We do not publish a generic revenue uplift for co-location, because it depends on the site's curtailment profile, category and connection. We model it for your site from its own data.

Quantum Energy Optimisation/Fleet optimisation

Many batteries, one set of decisions.

An aggregator or virtual power plant earns more when its batteries are dispatched as a portfolio rather than one by one, as long as each site's limits and the network's limits still hold.

What a fleet optimiser must handle

Revenue stacking is not simply adding every available market. One unit of capacity cannot always serve several services, and local and national signals can conflict. A fleet model therefore works through a hierarchy:

LevelConstraints and decisions
AssetPower, energy, state of charge, degradation, availability
SiteConnection limit, co-location rules, local load
Network areaFeeder capacity, local constraint signals
PortfolioMarket positions, balancing commitments, stacking rules, penalties
AggregatorRegulatory caps, value allocated to each customer

The 500 MW cap

In Greece, no group may own or control more than 500 MW of batteries, including capacity under management and aggregation agreements (Solarplaza). A fleet model has to track that limit as a hard constraint, and owners need performance reporting that holds up when they compare optimisers.

Formulation

maximise Σᵢ Σₜ [ πₜ · (Pᵈⁱˢᵢ,ₜ − Pᶜʰᵢ,ₜ) − c_deg,i ] subject to SoC dynamics, power and energy limits for every asset i Σ_{i ∈ feeder f} net injectionᵢ,ₜ ≤ feeder capacity_f,ₜ portfolio commitments, stacking rules and the 500 MW cap
Insights/Glossary

Glossary: technical terms in plain words.

The terms used across our pages and reports, explained for investment committees and operators.

TermWhat it means
aFRR / mFRRAutomatic and manual frequency restoration reserves: balancing services where the grid operator pays for capacity held ready and for energy when it is activated.
Allocation problemDeciding which scarce resource serves which competing demand, for the best total outcome. Battery dispatch and counter-UAS effector assignment are both allocation problems.
BacktestRunning the optimiser on an asset's past data and comparing its result with what the asset actually earned.
BESSBattery energy storage system.
ClawbackFor supported Greek storage stations, market revenue above the regulator's allowed level is returned to the Storage Sub-account.
Co-located storageA battery sharing a connection point with a solar or wind plant. In Greece, categories 11A, 11B and 11C set its charging rules.
DAM / IDADay-ahead market and intraday auctions (IDA1–IDA3) of the Hellenic Energy Exchange.
Degradation costThe cost of the battery wear caused by each charge and discharge cycle.
DSCRDebt service coverage ratio: cash available for debt service divided by the debt payment due. Lenders set a minimum.
Feasibility checkTesting that a schedule respects the asset's real limits and the market rules before it is used.
Quantum Energy IntelligenceQuantum Optima's live market-data platform at curves.quant-optima.com: price curves, spreads, load, renewable output and balancing signals.
Quantum Energy OptimisationQuantum Optima's dispatch optimiser for batteries, co-located storage and fleets. Classical optimisation today (TRL 7, in a paid pilot); quantum-enhanced methods in development.
MILPMixed-integer linear programming: the classical optimisation method our optimiser uses.
p50 / p75Revenue levels with a 50% and a 75% chance of being exceeded. The Greek regulator uses p75 as its conservative case.
QAOAQuantum Approximate Optimisation Algorithm: a method for solving QUBO problems on gate-based quantum computers.
QUBO / IsingA way of writing an optimisation problem with binary variables so that quantum devices and annealers can solve it.
Rolling re-optimisationSolving the plan again as forecasts update and market gates close.
SoCState of charge: how much energy the battery holds, as a share of its capacity.
IBAPIndependent BESS Assessment and Planning: Quantum Optima's independent view of what a battery can earn and how it should be built.
TRLTechnology readiness level, from 1 (basic research) to 9 (proven in operation). Our classical energy optimiser is at TRL 7.
Insights/BESS Monthly
BESS MonthlyNo. 1 · November 2026

Greece passes 1 GW, and access starts to matter more than spread.

Each month we pick the developments that change what a battery can credibly earn, say what they mean for owners, lenders and optimisers, and mark how settled each one is. BESS Monthly replaces our former BESS Weekly.

Confirmed

1 · Greece's operating batteries near 1 GW

Metlen and Karatzis Group inaugurated a 330 MW / 790 MWh standalone battery near Larissa on 14 October, the largest in Greece. The €170 million project was built in six months with support from a Recovery and Resilience Facility loan. In the same week Faria Renewables opened its 49.9 MW / 134 MWh Galani battery in Elassona, supported through the second storage auction. With these two, Greece's operating battery power neared 1 GW.

Our view

Operating capacity is now large enough to move prices. Revenue cases written on 2025 spreads should be re-run against a market where many more batteries chase the same evening peak.

Sources: Balkan Green Energy News

Decision published

2 · The regulator plans with p75, and supported stations will pay back

RAAEY set 2026 operating support for the 32 storage stations selected in its three auctions. It adopted the conservative p75 case: €157k/MW a year in market revenue for 2-hour stations and €101k/MW for 4-hour stations. Because market revenue is expected to exceed the allowed level, the difference flows back to the Storage Sub-account. No station held an operating licence before 1 January 2026, so the 2026 amounts are prorated and small.

Our view

For supported assets, the upside is capped by clawback while the downside stays with the owner. A lender's model should show both sides month by month, not as one annual figure.

Sources: iEnergeia

Rules in force · balancing in trial

3 · The Greek revenue stack: midday limits, balancing still in trial

Greece logged 382 negative-price hours by 15 September 2026, against 115 in all of 2025. Standalone batteries may not inject between 11:00 and 15:00 local time, with reduced limits in the hours either side. They trade day-ahead and intraday and sell balancing services, but reserve markets are not yet open to them and balancing activations are still in trial. Once paid, balancing could supply more than 60% of revenue for some assets.

Our view

The midday rule is a hard constraint, and an optimiser that treats it as a penalty will plan schedules it cannot deliver. Balancing should sit in a revenue case as its own uncertain line until activations leave trial.

Sources: Solarplaza

Rule in force

4 · The 500 MW cap and the search for bankable optimisers

No group in Greece may own or control more than 500 MW of batteries. At the end of July 2026 the cap was widened to cover capacity under management and aggregation agreements. A 7 GW market would need at least 14 optimisers that a bank will accept. Baringa compared 11 Greek batteries already trading: their day-ahead results look alike, but their balancing results diverge sharply.

Our view

Lenders will finance assets traded by optimisers they have not seen before, in a market with no public performance table. Benchmarking clauses need a neutral reference, which is the role of an independent assessment.

Sources: Solarplaza

Mixed: confirmed and under consultation

5 · Europe: costs stop falling, and value depends on access

Wood Mackenzie logged the first rise in European battery installation costs in three years, about 2%, as cell prices rebounded. In Poland, Greenvolt sold two 200 MW / 800 MWh batteries with €80 million of the price contingent on approval to join the balancing markets. Portugal now requires new batteries of 45 MW or more to provide grid-forming capability and synthetic inertia, for connection requests from 23 October. ACER is consulting on EU-Flex, its model for sizing EU flexibility needs, from 5 November to 17 December.

Our view

Value is moving from the spread to access: market qualification, connection terms and technical requirements. A revenue model needs these as explicit inputs, with capex as a scenario rather than a falling line.

Sources: Fusebox (22 Oct) · Fusebox (28 Oct)

Dates to watch

17 Nov 2026

ACER webinar on the EU-Flex flexibility-needs model

17 Dec 2026

EU-Flex consultation closes

21 Jan 2027

Expected ACER decision on the day-ahead and intraday algorithm amendments (from our August issue)

The five tests, again

Every item this month comes back to the same five tests for a battery revenue case: is it market-realistic, physically deliverable, contractually compliant, financially bankable and operationally adaptive? How IBAP applies them →

Archive

August 2026 · published as BESS Weekly

Bankability, market design and the new economics of flexibility

ACER's cost benchmark, Greek revenue assumptions in consultation, EU day-ahead and intraday algorithm changes, Great Britain's flexibility roadmap, and Ofgem's data-centre connection fee.

BESS Monthly/Archive · August 2026

Bankability, market design and the new economics of flexibility.

Published 3 August 2026 as BESS Weekly. Regulators in Greece, the EU and Great Britain are asking whether storage revenues are deliverable, financially credible and compatible with the wider system.

ItemStatus (August 2026)What it said
EU storage cost benchmark (ACER)ConfirmedFirst open EU-wide Cost of New Entry dataset: capex, fixed opex and WACC by country and technology. Cost of capital may matter as much as spreads in early merchant markets.
Greek BESS revenue assumptionsIndustry position in consultationThe Hellenic Association of Electricity Storage Systems called an implied €215/MWh average combined spread excessive and flagged four-hour charging restrictions around balancing activation.
EU day-ahead and intraday algorithm changesUnder ACER reviewFlow-based capacity for three intraday auctions and revised auction timings; ACER decision expected by 21 January 2027.
Great Britain Clean Flexibility RoadmapConfirmed policyStorage modelled in dispatch reform, lower barriers to the Balancing Mechanism, more local constraint markets and aggregator-led models.
Ofgem data-centre connection feeConsultation to 16 September 2026A proposed £237,500–£712,500 per MW commitment fee, refundable on energisation and forfeited on early exit.

Figures as published in the original issue on 3 August 2026; verify against the primary sources (ACER, the Hellenic Association of Electricity Storage Systems, the UK government, Ofgem and NESO) before relying on them.

Company/Privacy policy

Privacy policy

How Quantum Optima I.K.E. collects and uses personal data through quant-optima.com, and the rights you have. Last updated: 2 November 2026.

1. Who is responsible

The controller of your personal data is Quantum Optima I.K.E., a private company registered in Greece, Athens. Registered office: 1 Alexandrou Panagouli, 15126 Marousi, Greece. General Commercial Registry (GEMI) number: 192858501000.

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We collect only what we need to answer you and to run the website.

WhenDataPurposeLegal basis (GDPR)
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10. Changes

We will update this policy when our processing changes, and show the new date at the top of the page.

Company/Cookie policy

Cookie policy

Which cookies and similar technologies quant-optima.com uses, and how you can control them. Last updated: 2 November 2026.

The short version

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Questions

Write to info@quant-optima.com. For how we handle personal data in general, see our privacy policy.

Company/Investors

Two markets, one engine, value from classical optimisation today.

Quantum Optima builds optimisation and decision-assurance software for energy and defence. We deliver value with classical optimisation now, and we benchmark quantum and quantum-inspired methods on the harder problems where they may later help. Our business does not depend on quantum computing to work.

TRL 7

Classical energy optimiser, in a paid pilot with a Greek energy aggregator

Energy
TRL 4

Optima Aegis counter-UAS decision layer, presented in Berlin and at ELKAK

Dual-use
3

Energy products: Intelligence, Optimisation and IBAP

Portfolio
GreenSyn

Member of the GreenSyn Accelerator; registered with Elevate Greece

Ecosystem
Commercial path

Five priorities.

01

Paid pilots

Convert validation into paid pilots with battery owners, aggregators, developers, investors and lenders.

Under way
02

Recurring revenue

Turn pilots into subscription and enterprise contracts.

Next
03

Aegis validation

Validate Optima Aegis with European defence, security and technology partners.

In progress
04

Quantum benchmarks

Benchmark quantum, quantum-inspired and classical methods on harder problems, and publish the results.

Ongoing
05

European expansion

Expand selectively from Greece into other European energy and strategic-technology markets.

Later
Optima AegisPre-seed round open

A pre-seed round to take Aegis from the laboratory to operator trials.

Aegis is a working TRL 4 counter-UAS decision layer that keeps a small air-defence team ahead of a drone swarm, with a human approving every engagement. Across 36 preregistered synthetic studies it cut critical-site hits by 6 to 8 per raid against a simple engagement rule. This round funds the step from laboratory evidence to operator trials and a first integration pilot.

Engineering and integration

Turn the prototype into a version that integrates with partners' C2 and counter-UAS systems.

Operator trials and real data

Test Aegis with real operators and real sensor data, beyond the synthetic laboratory.

Assurance and export compliance

External evaluation, assurance evidence and the export-control work a defence product needs.

Business development

Partnerships with C2 and counter-UAS integrators in Greece and across Europe.

Goal 1

Operator trials with a partner

Goal 2

A first integration pilot

Goal 3

Independent external evaluation

Use of funds

Where new capital goes.

Product

Hardening and deployment

From pilot to production-grade software, with cloud and market-data infrastructure and integrations with battery and market systems.

Team

Engineering talent

Optimisation and software engineers in Athens to support the first customers.

Market

Pilots and customers

Paid pilots, customer acquisition and selective European expansion, with further Aegis validation and quantum research.

Talk to us about investing.

Investor discussions are handled confidentially; we share round details in the investor brief. Write to investors@quant-optima.com or call +30 210 610 5990.

Request the investor brief
CompanyQuantum Optima I.K.E. · Athens

Engineers who turn hard decisions into optimisation problems.

We founded Quantum Optima in Athens to bring operations research and quantum computing to decisions with real stakes. We are a member of the GreenSyn Accelerator in Cyprus.

Team

Nikos Douros

Co-Founder & CEO

Mechanical engineer (NTUA), MBA (Bayes Business School). Formerly at ABN AMRO, EY and SAP. Leads strategy, product and partnerships.

Epameinondas Douros

Co-Founder & CTO Quantum

Electrical and computer engineer (NTUA). MSc student in Quantum Science and Technology at Columbia University, New York, with Optima Aegis as his use case. Leads the quantum research programme and its benchmarks.

David Prasinos

CTO Classical

Electrical engineer (NTUA). Decision core, combinatorial optimisation, testing and technical documentation.

Danae Spentzou

Data & Optimisation Engineer

Electrical engineer (NTUA). Modelling, data analysis and support for research trials.

Development team

Engineering · Athens

Electrical engineers (NTUA) building and supporting our products in Athens.

Swedish partners

Partnership · Sweden

Our partners in Sweden, working with us on European defence programmes.

Academic researcher

Scientific collaboration

A university researcher joining our scientific work. To be announced.

Giannis Zolotas

Advisor

Dipl.-Ing., member of the Permanent Energy Committee of the Technical Chamber of Greece (TEE). Experience in large renewable and BESS projects across Europe.

Ecosystem
Registry

Elevate Greece

In the Greek national startup registry since September 2026.

Hardware

Quantum access

Research runs on IBM Quantum and D-Wave systems.

Acceleration

GreenSyn Accelerator

Member of the GreenSyn energy accelerator programme in Cyprus.

Investors

Our commercial path, use of funds and current traction.

For investors
Contact

Tell us what you need to decide.

Registered officeQuantum Optima I.K.E. · 1 Alexandrou Panagouli, 15126 Marousi, Greece · GEMI 192858501000
Emailinfo@quant-optima.com
Investorsinvestors@quant-optima.com
Phone+30 210 610 5990

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