ExxonMobil and IBM to Advance Energy Sector Application of Quantum Computing
January 08 2019 - 12:01AM
Business Wire
- Strategic commitment to advance joint
research into quantum computing for energy
- ExxonMobil becomes first energy company
to join the IBM Q Network
- Technology could further enhance
ExxonMobil’s own research and development capabilities
ExxonMobil said today that it has 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, ExxonMobil becomes 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.
“The scale and complexity of many challenges we face in our
business surpass the limits of today’s traditional computers,” said
Vijay Swarup, vice president of research and development for
ExxonMobil Research and Engineering Company. “Quantum computing can
potentially provide us with capabilities to simulate nature and
chemistry that we’ve never had before. As we continue our own
research and development efforts in the areas of energy and
chemical manufacturing, our agreement with IBM will allow us to
expand our knowledge base and potentially apply new solutions in
computing to further advance those efforts.”
Advances in quantum computing could provide ExxonMobil with an
ability to address computationally challenging problems across a
variety of applications, including the potential to optimize 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.
“The advancement of new breakthroughs, coupled with the creative
application of current technologies available to us from outside
the energy sector, will be critical in addressing the dual
challenge of producing energy to fuel economies and meeting
consumers’ needs while managing the risks of climate change,”
Swarup said. “Much of the success in our own ingenuity is
facilitated by the innovation of others outside our industry, from
three-dimensional printing to quantum computing. The many
partnerships we lead or participate in around the world provide us
with opportunities to exchange ideas and collaborate, applying our
own unique experiences, knowledge and strengths toward a
potentially successful breakthrough in lower-emission energy
production or a more efficient manufacturing process.”
ExxonMobil’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.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans and
timing and the impact and results of new technologies, including
efficiency gains and emission reductions, could vary depending on
the outcome of further research and testing; the development and
competitiveness of alternative technologies; the ability to scale
pilot projects on a cost-effective basis; political and regulatory
developments; and other factors discussed in this release and under
the heading “Factors Affecting Future Results” on the Investors
page of ExxonMobil’s website at exxonmobil.com.
About IBM Q
IBM Q is an industry-first initiative to build commercial
universal quantum systems for business and science applications.
For more information about IBM's quantum computing efforts, please
visit www.ibm.com/ibmq.
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