Fortescue Metals Group is funding research by a quantum computing venture into ways to produce cheap and abundant green hydrogen as part of the Australian mining giant's ambition to become the world's top green energy group.
is funding research by a quantum computing venture into ways to produce cheap and abundant green hydrogen as part of the Australian mining giant's ambition to become the world's top green energy group.
Quantum computing is "a rapidly-emerging technology that harnesses the laws of quantum mechanics to solve problems too complex for classical computers," IBM says on its website.Transportation and high costs have so far presented the main hurdles to green hydrogen rivalling fossil fuels but Forrest, who is Australia's richest man, is betting that quantum computing will provide the solution to the puzzle.
"Unlike LNG , which is 95% methane already, we can do anything with hydrogen. We can turn it into steel, turn it into fertilisers," Forrest added. PsiQuantum was founded in 2016 by Australian-British professor Jeremy O'Brien and other academics to build the world's first commercially viable quantum computer.
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