ENI accelerates on quantum computing: Eniquantic is born

Eni Barclays confirm Overweight satellite model for sustainable growth

(Telestock) – Developing an integrated hardware and software quantum machine, able to solve complex problems (mathematical optimization, modeling and simulation, artificial intelligence) and launch specific and significant applications of quantum computing, to support the energy transition: with this ambition Eni and ITQuanta join forces in joint venture Eniquant.

Eniquantin the development of its technological roadmap, will be able to benefit from the computational capacity of HPC (High Performance Computing) supercomputers Eni, both to explore the possible integrations between quantum and classical architectures, and to test the effectiveness of algorithms that simulate the principles of quantum computation on use cases in the energy sector of direct interest to Eni, such as: energy generation and storage to improve the production efficiency of energy resources, in particular renewable ones; simulation and modelling of the behaviour of matter with molecular dynamics and quantum mechanics techniques, for the discovery of new high-performance materials to be applied to the development of new energy sources, such as magnetic confinement fusion; the performance and processing of advanced analyses of complex systems to improve and optimize operational activities across the entire value chain, starting from energy and other commodities trading.

The new Eniquantic venture – reads the note – will leverage Eni’s operational and industrial excellence and the know-how of the startup ITQuanta, which includes among its founders world-renowned experts in atomic physics, information and quantum computing.

With this project Eni strengthens its leadership in the field of high-performance computing for industrial use and confirms its position as a company with high innovative content. The birth of Eniquantic, the second venture launched within the initiatives of Eniverse (Eni’s corporate venture builder), is part of the company’s strategy aimed at valorizing internal skills and technological solutions, its own or those of third parties, to create new high-potential entrepreneurial initiatives.

The shares of the Eniquantic company will initially be held at 94% from Eni and 6% from ITQuanta

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