Exascale computing refers to computing systems capable of at least one exaFLOPS. Such capacity represents a thousandfold increase over the first petascale computer that came into operation in 2008. (One exaflops is a thousand petaflops or a quintillion, 1018, floating point operations per second.) At a supercomputing conference in 2009, Computerworld projected exascale implementation by 2018.
Exascale computing would be considered as a significant achievement in computer science, for it is believed to be the order of processing power of the human brain at neural level (functional might be lower). It is for instance the target power of the Human Brain Project.
The initiative has been endorsed by two US agencies: the Office of Science and the National Nuclear Security Administration, both of which are part of the US Department of Energy. The technology would be useful in various computation-intensive research areas, including basic research, engineering, earth science, biology, materials science, energy issues, and national security.
The United States has put aside $126 million for exascale computing beginning in 2012.
Three projects aiming at developing technologies and software for exascale computing have been started in 2011 within the European Union. The CRESTA project (Collaborative Research into Exascale Systemware, Tools and Applications), the DEEP project (Dynamical ExaScale Entry Platform), and the project Mont-Blanc.
The Indian Government has committed USD 2 Billion to ISRO and Indian Institute of Science (IISc), Bangalore to develop a supercomputer with a performance of 132.8 exaflops by 2017. ISRO has already booked key equipment to develop the first Indian exaflop supercomputer. Most of the sub-systems will be developed in India.
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