ExxonMobil signed a partnership agreement with IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies.
As part of the agreement, ExxonMobil becomes the 1st 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.
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 U.S., Europe and Asia to explore next-generation energy technologies.