Security News > 2021 > February > bp joins IBM Quantum Network to advance the use of quantum computing in the energy industry

IBM announced bp has joined the IBM Quantum Network to advance the use of quantum computing in the energy industry.

By joining the IBM Quantum Network as an Industry Partner, bp will have access to IBM's quantum expertise and software and cloud-based access to the most advanced quantum computers available via the cloud.

By the end of this decade, it aims to have developed around 50 gigawatts of net renewable-generating capacity, increased annual low carbon investment 10-fold to around $5 billion and cut its oil and gas production by 40%. Joining the IBM Quantum Network will enhance bp's ability to leverage quantum advances and applications as they emerge and then influence on how those breakthroughs can be applied to its industry and the energy transition.

"Bp joins a rapidly growing number of clients working with IBM to explore quantum computing to help accelerate the discovery of solutions to some of today's biggest challenges," added Dario Gil, Senior Vice President and Director of IBM Research.

Bp joins more than 130 members of the IBM Quantum Network, a global community of Fortune 500 companies, start-ups, academic institutions and research labs working to advance quantum computing and explore practical applications.

Together, members of the Network and IBM Quantum teams are researching and exploring how quantum computing will help a variety of industries and disciplines, including finance, energy, chemistry, materials science, optimization and machine learning, among many others.

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