USA: Quantum Computing Exxon Mobil Partners with IBM to Advance Application of Quantum Computing
Exxon Mobil has become the maiden energy firm to enter the IBM Q Network to explore the use of quantum computing for developing innovative and efficient energy and manufacturing technologies.
Nevada/USA – Exxon Mobil has recently signed a partnership agreement with IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies. The new partnership was formally announced during the 2019 Consumer Electronics Show (CES) in Las Vegas.
As part of the agreement, Exxon Mobil became the first energy company to join the IBM Q Network, a worldwide community of Fortune 500 companies, startups, academic institutions and national research labs working to advance quantum computing and explore practical applications for science and business.
Advances in quantum computing could provide Exxon Mobil with an ability to address computationally challenging problems across a variety of applications. This includes the potential to optimise a country’s power grid, and perform more predictive environmental modeling and highly accurate quantum chemistry calculations to enable discovery of new materials for more efficient carbon capture.
Exxon Mobil’s partnership with IBM expands the company’s collaborative efforts with other companies and academic institutions that are focused on developing an array of new energy technologies, improving energy efficiency and reducing greenhouse gas emissions. The company currently works with about 80 universities in the United States, Europe and Asia to explore next-generation energy technologies.