DAVOS, Switzerland,
May 26, 2022 /PRNewswire/ -- Qlimate,
a quantum computing net-zero initiative based in Silicon Valley
dedicated to help mitigate climate change, and Fortescue Future
Industries (FFI), a global leader in green energy and green
industry, today announced that FFI would become a foundational
member of the "Qlimate Initiative" to explore quantum computing
solutions in green hydrogen.
Qlimate, backed by PsiQuantum, a company building the world's
first fault-tolerant quantum computer, has secured substantial
capacity on the early machines. Qlimate has a singular focus on
partnering with leaders in decarbonisation to maximise climate
impact and facilitating their access to the first generation of
fault-tolerant quantum computers.
FFI and Qlimate entered into a membership agreement to explore
quantum solutions in the field of green hydrogen. FFI Chairman Dr
Andrew Forrest AO and Jeremy
O'Brien, co-founder and CEO of PsiQuantum, jointly announced
the ambition at the World Economic Forum in Davos.
FFI's membership in Qlimate is the first step towards a broader
strategy to develop algorithms solving computational bottlenecks in
modelling Proton Exchange Membrane (PEM) technology and pulse
electrolysis - key enablers for more efficient green hydrogen
production - with a view to building and scaling quantum
computing-enabled green hydrogen ventures.
Dr Forrest said, "The Qlimate initiative with leading quantum
computing company PsiQuantum is critical to lowering emissions
through green energy production, and this partnership, through
greater knowledge, will help to achieve that faster.
"PsiQuantum's fault-tolerant quantum computer could be a leading
light in technology for green hydrogen, and FFI as a first mover in
green tech will help make it happen."
Jeremy O'Brien, co-founder and
CEO of PsiQuantum, said, "We are delighted that FFI shares our
vision and is willing to take ambitious steps towards delivering
some of the most promising decarbonization tools for potentially
taking years off the path to net zero – helping the world to get
back onto the target 1.5°C trajectory.
"Through this joint effort, we expect to improve the efficiency
of green hydrogen electrolysis and significantly decrease
production costs, helping build a viable green hydrogen
economy.
"Given the transformational nature of this type of computing,
not pursuing it is a bet that industry can't afford not to
make."
Media contact:
Fiona
Sugden, Fortescue Future Industries
E: ffimediarelations@fmgl.com.au
M: +44 7399 854 596
About Fortescue Future Industries
(FFI)
Fortescue Future Industries (FFI) is a global
green energy company committed to producing zero-carbon green
hydrogen from 100 per cent renewable sources.
Green hydrogen is a zero-emission fuel, that when used
produces nothing but water. It is a practical and implementable
solution that will help revolutionise the way we power our planet:
helping to decarbonise heavy industry and create jobs globally.
FFI is leading the green industrial revolution, developing
technology solutions for hard-to-decarbonise industries, while
building a global portfolio of renewable green hydrogen and green
ammonia projects with a goal to produce 15 million tonnes per year
of green hydrogen by 2030, rising to 50 million tonnes per year in
the decade thereafter.
FFI is also leading the world effort to help decarbonise
hard-to-abate sectors and is responsible for the decarbonisation of
one of the world's largest producers of iron ore by 2030 – our
parent company Fortescue Metals Group (ASX FMG).
ffi.com.au
About Qlimate
Qlimate is a major
quantum-enabled net zero initiative that aims to support
large-scale decarbonization. Qlimate is backed by PsiQuantum, which
is uniquely positioned to build the first utility-scale quantum
computer well within this decade. PsiQuantum will dedicate a
substantial share of initial quantum computing capacity to
high-impact sustainability applications, and we are building
partnerships with corporates, governments and non-profits to
develop and scale end-to-end the most promising decarbonization
solutions that could take years off the path to net zero – and
contribute towards the planet getting back on a 1.5°C pathway.
Find more on 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 most important challenges. PsiQuantum's
approach is based on single-photon qubits, which have significant
advantages at the scale required to deliver a fault-tolerant
quantum computer. With quantum chips now being manufactured in a
world-leading semiconductor fab, PsiQuantum is uniquely positioned
to deliver quantum capabilities that will drive advances in
climate, healthcare, finance, energy, agriculture, transportation,
communications, and beyond.
For more information, visit www.psiquantum.com.