Towards large-scale restricted active space calculations inspired by the Schmidt decomposition

We present an alternative, memory-efficient, Schmidt decomposition-based extension of the inherently bipartite restricted active space scheme, which can be implemented effortlessly within the density matrix renormalization group method via the dynamically extended active space procedure. Demonstrative calculations are benchmarked against state-of-the-art results of C$_2$, which is notorious for its multi-reference character. Besides the uncontracted solution, internal contraction can also be naturally realized in the formalism by keeping only the most relevant Schmidt states.