Worried quantum is shifting from lab hype to real business risk and opportunity? Read this and you’ll know what changed, when, who’s involved, key numbers, and the near‐term outlook. In November 2025 IQM unveiled Halocene (Nov 13) — an on‐prem QEC platform with 150 physical qubits and a 99.7% two‐qubit fidelity target, slated commercial by end‐2026; IBM revealed Nighthawk (Nov 2025) with 120 qubits, 218 tunable couplers, a move to 300 mm wafers to double R&D speed and 10× chip complexity, plus qLDPC decoding in <480 ns; Quantinuum launched Helios (Nov 5–6) — 98 fully connected qubits, 99.9975% single‐qubit fidelity, 48 logical qubits at 2:1 encoding and NVIDIA GB200 integration for 2026 deployment in Singapore; Microsoft committed DKK 1bn to topological qubit manufacturing in Lyngby. Impact: faster path to fault‐tolerant quantum for AI, finance, biotech, security and infrastructure. Near term: commercial systems and regional deployments in 2026; watch gate fidelity, logical‐qubit ratios and sub‐microsecond decoding.

Global energy investment is shifting rapidly to meet surging demand for reliable, carbon‐free power to run AI and data centers. The IEA forecasts ~4,600 GW of added renewable capacity 2025–2030—about 80% from solar PV—with offshore wind adding ~140 GW, and renewables set to overtake coal by end‐2025 or mid‐2026; renewables are projected to supply over 90% of electricity demand growth and reach ~45% of generation by 2030. Corporates are locking 24/7 clean supply: NextEra and Google (Oct 27, 2025) agreed to restart Iowa’s 615 MW Duane Arnold nuclear plant under a 25‐year PPA, targeting a Q1 2029 return. Expansion of long‐duration storage (Form Energy 500 MW annual iron‐air capacity by late 2025; CAES with ~15% experience rates) and policy fixes on permitting and tax credits are now urgent to enable this transition.