Iberdrola, a Spanish energy company, has partnered with start-up Multiverse Computing to launch a joint quantum computing project to solve complex optimization problems in the power grid. The project, part of the Gipuzkoa Quantum Program, will focus on finding optimal battery locations within the electrical network. Quantum computing is a promising technology for evaluating many combinations, making it suitable for addressing the computational complexity of power grid optimization. The 10-month project will see both companies contribute their expertise in their respective fields.
Iberdrola and Multiverse Computing Collaborate on Quantum Computing Project
Spanish utility company Iberdrola has partnered with Gipuzkoan start-up Multiverse Computing to launch a joint quantum computing project. The collaboration is part of the Gipuzkoa Quantum Program of the Provincial Council of Gipuzkoa. The 10-month project aims to find solutions for complex optimization problems that require evaluating many combinations, such as determining optimal battery locations within the electrical network.
Quantum Computing for Power Grid Optimization
Quantum computing is a promising technology for solving complex optimization problems where a large number of different combinations need to be evaluated. Iberdrola’s distribution arm, i-DE, has chosen an optimization problem that involves selecting the optimal number, characteristics, and locations for batteries installed in the power grid. Power grids must integrate an increasing amount of renewable generation, electric vehicles, and other distributed energy resources, making batteries crucial for providing flexibility to the power system. The selection of optimal battery placement is critical and computationally complex due to the number of variables and possible locations.
Multiverse Computing: A European Quantum Software Programming Company
Multiverse Computing is a Gipuzkoan start-up recognized for its expertise in quantum software programming in Europe. The collaboration between Iberdrola and Multiverse Computing will bring together their cutting-edge experience in their respective areas of expertise for the 10-month project.
Iberdrola’s Commitment to Innovation and Collaboration with Start-ups
Iberdrola has a history of collaborating with start-ups in the search for technological solutions. The company’s Global Smart Grids Innovation Hub, an international reference center for the development of smart grid technologies, is located in the Basque Country, which has become a reference point for quantum computing. The partnership with Multiverse Computing, a start-up from Gipuzkoa, is a natural alliance that aims to keep Gipuzkoa and the Basque Country at the forefront of quantum innovation.
Gipuzkoa Quantum Program: Supporting Quantum Computing Initiatives
The Gipuzkoa Quantum Program, under the Gipuzkoa Provincial Council, supports quantum computing initiatives like the collaboration between Iberdrola and Multiverse Computing. The program aims to foster innovation and technological advancements in quantum computing, positioning Gipuzkoa and the Basque Country as leaders in this emerging technology.
“In Iker Urrutia’s words, i-DE’s Gipuzkoa Area Manager, “The Basque Country has become a reference point for quantum computing, and Iberdrola, committed to this land and to innovation, has located here the Iberdrola Global Smart Grids Innovation Hub, its international reference center in the development of technologies for smart grids. Therefore, Iberdrola’s collaboration with Multiverse, a start-up from Gipuzkoa, is a natural alliance that will keep Gipuzkoa and the Basque Country at the forefront of quantum innovation”.”
Executive Summary
Iberdrola and start-up Multiverse Computing have partnered to launch a quantum computing project aimed at optimising battery locations within the electrical network. The 10-month project, part of the Gipuzkoa Quantum Program, will explore the potential of quantum computing in solving complex optimisation problems.
- Iberdrola collaborates with start-up Multiverse Computing on a joint quantum computing project within the Gipuzkoa Quantum Program, supported by the Gipuzkoa Provincial Council, DFG-GFA.
- The project aims to solve complex optimization problems, such as finding optimal battery locations within the electrical network.
- The 10-month project involves collaboration between BIC, Iberdrola, and Multiverse Computing, the latter being recognized as Europe’s most relevant quantum software programming company.
- i-DE, Iberdrola’s distributor and smart grid leader, will explore quantum computing to select the optimal number, characteristics, and locations for batteries in the power grid.
- Batteries play a crucial role in providing flexibility to power systems, integrating renewable generation, electric vehicles, and other distributed energy resources.
- Iker Urrutia, i-DE’s Gipuzkoa Area Manager, highlights the Basque Country as a reference point for quantum computing and the natural alliance between Iberdrola and Multiverse to maintain Gipuzkoa and the Basque Country at the forefront of quantum innovation.
