ExxonMobil now became the first energy company to join the IBM Q Network, which includes 500 companies, startups, academic institutions and national research labs. These organisations work to advance quantum computing and explore practical applications for science and business.

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Providing a comment on the agreement, Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company, said that quantum computing can provide with capabilities to simulate nature and chemistry better.

Namely, developments in quantum computing could provide ExxonMobil with a capability to address computationally challenging problems across applications, including the potential to improve a country’s power grid, and perform more predictive environmental modeling and highly accurate quantum chemistry calculations. The latter will contribute to the discovery of new materials for more efficient carbon capture.

The advancement of new breakthroughs, coupled with the creative application of current technologies available to us from outside the energy sector, will be critical in addressing the dual challenge of producing energy to fuel economies and meeting consumers’ needs while managing the risks of climate change

Mr. Swarup added.