PsiQuantum Announces Qlimate Initiative Developing Breakthrough Climate Technologies Enabled by Quantum Computing

Fortescue Future Industries and Quantum Delta NL join as key members

PALO ALTO, California, May 26, 2022– (TRADE WIRE) –PsiQuantum, the company that builds the first utility-scale quantum computer in the world, today at Davos announced Qlimate. A subsidiary of PsiQuantum, Qlimate is a quantum computing network null initiative that builds partnerships to develop and scale decarbonizing technology successes.

The demand for the world’s first utility-scale quantum computers will be extreme. Anticipating this shortage, PsiQuantum has committed large hardware capacity to Qlimate. Based on the latest research from McKinsey & Company, Qlimate has listed the most promising and highest effects of decarbonization use cases that can run on first-generation utility-scale quantum computers. These use cases will enable innovative solutions through agriculture, solar, electric batteries, green hydrogen, carbon sequestration, green ammonia, cement and more. Taken together, these use cases will enable a great decarbonization effect, and will contribute to the recovery of the planet at 1.5 ° C.

Qlimate is collaborating with business, government and philanthropy to accomplish this mission. In collaboration with these partners, Qlimate will optimize usage algorithms for deployment on the first utility-scale quantum computer, quantify their impact, and scale the resulting solutions.

“Qlimate will use the world’s first utility-scale quantum computer where humanity needs it most – and that’s climate change,” said Jeremy O’Brien, co-founder and CEO of PsiQuantum. “Qlimate has a single focus on impact and will take ambitious steps to deliver some of the most promising decarbonization tools that could take years off the road to network zero.”

Along with key members – inclusive Fortescue Future Industries (FFI) and the Dutch government Quantum Delta initiative – Qlimate will begin to address computer issues that are currently holding back innovation in decarbonization. FFI is a global green energy company that has committed to producing 15 million tonnes of green hydrogen a year by the end of this decade. Quantum Delta NL is a public-private partnership of industry, government agencies and all major quantum research centers in the Netherlands.

“The Qlimate initiative with leading quantum computing firm PsiQuantum is critical to reducing emissions from green energy production, and this partnership, with greater knowledge, will help achieve that more quickly,” said FFI President Dr Andrew Forrest AO. “PsiQuantum’s fault-tolerant quantum computer could be a leading light in technology for green hydrogen, and FFI as the first promoter in green technology will help make it happen.”

“Although we have to overcome different technical challenges before powerful quantum computers become available, we should not wait to start exploring its possible use cases,” said Freeke Heijman, co-founder and director of ecosystem development at Quantum Delta NL. “Because Quantum Delta NL aims to help solve the world’s long-term challenges, we are proud of this founding partnership with Qlimate. Our Center for Quantity and Society (CQS) will work with Qlimate on the ethical, legal and social impact of selected use cases. working to maximize the positive impact of quantum computing. “

“Resolving the climate crisis will require every piece of human resource we can muster, and quantum computing will be part of the picture,” said Celia Cattelain, director at Qlimate. “Utility-scale quantum computing will be a valuable resource and Qlimate will work with the most engaged partners on the best possible solutions, namely those with the highest potential for CO2e reduction.”

Partnering with Qlimate is a powerful statement of climate leadership and vision, and a unique opportunity to qualify for access to limited quantum computing capability. Membership is open to stakeholders from across the climate change ecosystem, including industry, finance, philanthropy and government. For more information on how to get involved, visit www.qlimate.world.

About Qlimate
Qlimate is a quantum computing network 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 devote much of its initial quantum computing capacity to high-performance, sustainable applications, and we are building partnerships with companies, governments, and nonprofits to develop and scale the most promising decarbonization solutions that could take years. from the path to grid zero – and contribute to the planet’s return to a 1.5 ° C path. To learn more, visit www.Qlimate.World.

About PsiQuantum
Driven by success in silicon photonics and intolerant 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 photon quits, which have significant advantages over the scale required to deliver a rugged, general-purpose quantum computer. With quantum chips now manufactured in a world-leading semiconductor factory, PsiQuantum is uniquely positioned to deliver quantum capabilities that will drive advances in climate, healthcare, finance, energy, agriculture, transportation, communication and more. To learn more, visit www.psiquantum.com.

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© 2022 PsiQuantum. PsiQuantum and our logo are trademarks of PsiQuantum, Corp. in the United States and other countries. All other trademarks are the property of their respective owners.

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