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June 15th, 2023

Iberdrola and Multiverse Computing work on quantum computing solutions for the electricity grid


• Iberdrola joins forces with the start-up Multiverse Computing in a joint project, within the framework of the Gipuzkoa Quantum Program, of the Gipuzkoa Provincial Council, DFG-GFA.

• The objective is to find solutions for complex optimization problems in which it is required to evaluate a large number of different combinations, such as the search for optimal battery locations within the electrical network.

• The 10-month project has the collaboration of BIC, Iberdrola and Multiverse Computing, recognized as the most relevant company in quantum software programming in Europe.

Iberdrola reasserts its commitment to collaborate with start-ups in the search for technological solutions. Thus, the Basque company and the Gipuzkoan start-up Multiverse Computing have launched a joint quantum computing project, within the framework of the Gipuzkoa Quantum Program of the Provincial Council of Gipuzkoa.

Quantum computing is a promising technology for solving complex optimization problems where a large number of different combinations need to be evaluated. To explore this new technology, i-DE, the distributor of the Iberdrola group, leader in smart grids, has chosen an optimization problem that consists of selecting the optimal number, characteristics and locations for batteries installed in the power grid.

Power grids must integrate an increasing amount of renewable generation, electric vehicles and other distributed energy resources and, for this, batteries will play a relevant role in providing flexibility to the power system. Therefore, the selection of their optimal placement is critical and, due to the number of variables and possible locations, of great computational complexity.

The Gipuzkoan start-up Multiverse Computing is recognized as the most relevant company in quantum software programming in Europe. The two companies will contribute their cutting-edge experience in their respective areas of expertise in a 10-month project.

In Iker Urrutia's words, i-DE's Gipuzkoa Area Manager, "The Basque Country has become a reference point for quantum computing, and Iberdrola, committed to this land and to innovation, has located here the Iberdrola Global Smart Grids Innovation Hub, its international reference center in the development of technologies for smart grids. Therefore, Iberdrola's collaboration with Multiverse, a start-up from Gipuzkoa, is a natural alliance that will keep Gipuzkoa and the Basque Country at the forefront of quantum innovation".