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ROME, July 16, 2024 Eni and ITQuanta have announced the formation of a new joint venture, Eniquantic. This initiative aims to develop an integrated hardware and software quantum machine capable of solving complex problems in mathematical optimization, modeling and simulation, and artificial intelligence. Eniquantic will also focus on launching specific and significant quantum computing applications to support the energy transition.

In developing its technological roadmap, Eniquantic will benefit from the computational power of EnisHigh Performance Computing (HPC) systems both to explore possible integrations between quantum and classical architectures and to test the effectiveness of algorithms that simulate the principles of quantum computing on energy-related use cases directly relevant to Eni, such as:

The new venture will leverage Enis operational and industrial excellence and the know-how of the start-up ITQuanta, which includes among its founders internationally recognized experts in atomic physics, information and quantum computation. With this project, Eni strengthens its leadership in HPC for industrial use and asserts itself as a highly innovative company.

The establishment of Eniquantic, the second venture launched as part of Eniverses (Enis corporate venture builder) initiatives, fits into the companys strategy aimed at enhancing in-house skills and technological solutions, whether proprietary or third-party, to create new high-potential entrepreneurial initiatives.

About Eni

Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading. Learn more ateni.com.

Source: Eni

Read more here:
Eni Leverages HPC to Explore Quantum-Classical Integration in New Quantum Computing Joint Venture - HPCwire