coondoggie writes "The 200,000 processor core system known as Blue Waters got the green light recently as the University of Illinois at Urbana-Champaign and its National Center for Supercomputing Applications (NCSA) said it has finalized the contract with IBM to build the world's first sustained petascale computational system. Blue Waters is expected to deliver sustained performance of more than one petaflop on many real-world scientific and engineering applications. A petaflop equals about 1 quadrillion calculations per second. They will be coupled to more than a petabyte of memory and more than 10 petabytes of disk storage. All of that memory and storage will be globally addressable, meaning that processors will be able to share data from a single pool exceptionally quickly, researchers said. Blue Waters, is supported by a $208 million grant from the National Science Foundation and will come online in 2011."