Fortescue to fund PsiQuantum computing study low-cost green H2 production
Australia's Fortescue Future Industries (FFI) has announced that it is funding an initiative by California-based PsiQuantum that pursues to explore how quantum computing solutions could be used to produce green hydrogen at a lower cost.
The green energy business of mining giant Fortescue Metals Group Ltd has said that it has become a foundational member of the Qlimate Initiative of its Silicon Valley partner. The specific initiative aims to support innovation in the global decarbonization process through superfast computer technology.
FFI and Qlimate's collaboration will be focused on quantum solutions in the green hydrogen sector. The Aussie firm expects its participation to help create a broader strategy for developing computing algorithms that solve bottlenecks in the modeling of Proton Exchange Membrane (PEM) technology and pulse electrolysis.
"Through this joint effort, we expect to improve the efficiency of green hydrogen electrolysis and significantly decrease production costs, helping build a viable green hydrogen economy," said Jeremy O'Brien, co-founder, and CEO of PsiQuantum.