PsiQuantum Announces Qlimate Initiative Developing Breakthrough Climate Technologies Enabled by Quantum Computing

Fortescue Future Industries and Quantum Delta NL join as founding members

PALO ALTO, Calif., May 26, 2022–(BUSINESS WIRE)–PsiQuantum, the company building the world’s first utility-scale quantum computer, announced Qlimate today in Davos. A subsidiary of PsiQuantum, Qlimate is a net-zero quantum computing initiative that builds partnerships to develop and scale breakthrough decarbonization technologies.

The demand for the world’s first large-scale quantum computers will be extreme. Anticipating this scarcity, PsiQuantum has committed substantial hardware capacity to Qlimate. Drawing on the latest research from McKinsey & Company, Qlimate has shortlisted the most promising and impactful decarbonization use cases that can run on utility-scale first-generation quantum computers. These use cases will enable game-changing solutions in agriculture, solar power, electric batteries, green hydrogen, carbon capture, green ammonia, cement, and more. Taken together, these use cases will enable a substantial decarbonization impact and help bring the planet back to a 1.5°C trajectory.

Qlimate partners with businesses, governments and philanthropic organizations to carry out this mission. Together with these partners, Qlimate will optimize use case algorithms for deployment on the first utility-scale quantum computer, quantify their impact, and scale the resulting solutions.

“Qlimate will use the world’s first utility-scale quantum computer where humanity needs it most – and that’s climate change,” said Jeremy O’Brien, co-founder and CEO of PsiQuantum. “Qlimate is particularly focused on impact and will take ambitious steps to deliver some of the most promising decarbonization tools that could take years off the path to net zero.”

Together with founding members including Fortescue Future Industries (FFI) and the Dutch government’s Quantum Delta Initiative, Qlimate will begin to address the IT bottlenecks that currently hold back decarbonization innovation. FFI is a global green energy company that has committed to producing 15 million tonnes per year of green hydrogen by the end of this decade. Quantum Delta NL is a public-private partnership of industry, government agencies and all major quantum research centers in the Netherlands.

“The Qlimate initiative with leading quantum computing company PsiQuantum is key to reducing emissions through green power generation, and this partnership, through better knowledge, will help achieve this faster,” said the FFI President, Dr. Andrew Forrest AO. “PsiQuantum’s fault-tolerant quantum computer could be a leader in green hydrogen technology, and FFI, as a green technology pioneer, will help make it happen.”

“Although we have to overcome different technical challenges before powerful quantum computers become available, we shouldn’t wait to start exploring its potential use cases,” said Freeke Heijman, co-founder and chief development officer of the ecosystem at Quantum Delta NL. “As Quantum Delta NL aims to help solve long-term global challenges, we are proud of this founding partnership with Qlimate. Our Center for Quantum and Society (CQS) will work with Qlimate on the ethical, legal and of selected use cases, working to maximize the positive impact of quantum computing.”

“Solving the climate crisis will take all the human ingenuity we can muster, and quantum computing will be part of the picture,” said Celia Cattelain, director of Qlimate. “Utility-scale quantum computing will be a valuable resource and Qlimate will work with the most committed partners on the best possible solutions, namely those with the highest CO2e reduction potential.”

Partnering with Qlimate is a powerful statement of climate leadership and vision, and a unique opportunity to qualify for access to limited quantum computing capacity. Membership is open to stakeholders across the climate change ecosystem, including industry, finance, philanthropy and government. For more information on how to get involved, visit www.qlimate.world.

About Qlimate
Qlimate is a net-zero quantum computing initiative that aims to support decarbonization at scale. Qlimate is backed by PsiQuantum, which is uniquely positioned to build the first large-scale quantum computer this decade. PsiQuantum will dedicate a substantial portion of initial quantum computing capacity to high-impact sustainability applications, and we are partnering with businesses, governments, and nonprofits to develop and scale end-to-end the most promising decarbonization solutions that could take years off the net-zero trajectory – and help get the planet back on a 1.5°C trajectory. To learn more, visit www.Qlimate.World.

About PsiQuantum
Powered by breakthroughs in silicon photonics and fault-tolerant quantum architecture, PsiQuantum is building the first utility-scale quantum computer to solve some of the world’s biggest challenges. PsiQuantum’s approach is based on photonic qubits, which have significant advantages at the scale required to provide a versatile fault-tolerant quantum computer. With quantum chips now manufactured in a world-leading semiconductor fab, PsiQuantum is uniquely positioned to deliver quantum capabilities that will drive advances in climate, health, finance, science and technology. energy, agriculture, transport, communications and beyond. To learn more, visit www.psiquantum.com.

Follow PsiQuantum: LinkedIn

© 2022 PsiQuantum. PsiQuantum and our logo are registered trademarks of PsiQuantum, Corp. in the United States and other countries. All other trademarks are the property of their respective owners.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220525006069/en/

contacts

Media Contact:
Ashley Paula Legge
+1 707-972-0073
[email protected]

About Mariel Baker

Check Also

Apart from the market malaise, crypto also faces a number of security risks

The crypto world isn’t just suffering from a market malaise that saw …