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Multiverse Computing, Iberdrola partner to use quantum computing optimization to green up power grids
The largest quantum computing company in the EU is working with a global leader in clean energy to solve optimization problems on smart electricity grids
July 6th, 2023
Multiverse Computing and Iberdrola Collaborate on Quantum Solutions for Future-Ready Smart Grids
SAN SEBASTIAN, Spain, July 6, 2023 — Multiverse Computing, a global leader in value-based quantum computing solutions, today announced a joint project with multinational clean energy firm Iberdrola to modernize electrical grids and facilitate additional green energy sources. Because electrical grids are integrating increasing amounts of renewable generation, electric vehicles and other distributed energy resources, supplemental batteries are playing a vital role. i-DE, Iberdrola’s distributor in Spain and a leader in smart grids, will work with Multiverse Computing to select the optimal number, type and locations of supplemental batteries for the electrical grid.
Many variables must be considered when determining battery placement within smart grids, such as connections with neighboring power systems, flexibility in existing generation sources, and the hourly, daily, and seasonal changes in power demands. Multiverse’s quantum algorithm experts will use quantum and quantum-inspired algorithms to solve these computationally complex problems, which classical computers cannot manage.
The two companies will work together for 10 months as part of the Gipuzkoa Quantum Program in the Basque Country of Spain, a quantum computing hub and smart grid innovation center.
In the U.S., Multiverse’s optimization solutions are primed to help solar and wind installations in cities and states make some of the same improvements. Grid batteries are especially helpful with green energy sources as batteries can store energy at peak generation times and store it for use during peak demand.
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£15 million competition to accelerate use of quantum in Government
The first winners of a £15 million competition to explore the benefits of using quantum technologies in the government’s work across areas like health, transport and net zero have been announced today (7 September). The Quantum Catalyst Fund aims to accelerate the adoption of quantum solutions by the public sector and will ensure the UK government is well-placed to fully harness the benefits of using these technologies across a range of policy areas. Quantum technologies – one of the government’s five critical technologies – are devices and systems using quantum mechanics to provide capabilities that ‘classical’ machines like binary computers cannot.
September 8th, 2023
Winners of UK Government’s £15 million Quantum competition announced
The first winners of a £15 million competition to explore the benefits of using quantum technologies in the Government’s work across areas like health, transport and net zero have been announced today (7 September). The Quantum Catalyst Fund aims to accelerate the adoption of quantum solutions by the public sector and hopes to ensure the UK Government is well-placed to fully harness the benefits of using these technologies across a range of policy areas.