BosonQ Psi (BQP) and Artificial Brain have secured a grant for a white paper on Quantum-Enhanced Wind Farm Optimization for Maximizing Wind Energy Efficiency from the Netherlands Innovation Network, UK.
With the global wind energy market poised to soar to $1.3 trillion by 2027, wind farms could be the key to unlocking a sustainable future. The white paper by BQP and Artificial Brain will highlight the quantum-enhanced optimization techniques to improve wind farm efficiencies.
The Netherlands Innovation Network UK is part of the Dutch Ministry of Economic Affairs and the Netherlands Enterprise Agency (RVO). Based out of the Embassy of the Netherlands in the UK, it promotes collaboration between Dutch and British companies, research institutes and public authorities in the field of innovation, technology, and science.
Jash Minocha, Founder & COO of BQP, underscored the pivotal role of quantum technology in addressing global challenges. "At BQP, we are committed to leveraging quantum advancements for sustainability and solving the world's toughest challenges such as climate change."
Jitesh Lalwani, Founder & CEO of Artificial Brain, expressed gratitude for the recognition from the Netherlands Innovation Network UK and stated, "This joint effort underlines the crucial role of innovation in renewable energy, which is key to achieving net-zero targets globally, and particularly vital for Europe."
The white paper will also showcase how Quantum-enhanced wind farm optimization can deliver multitude benefits, from significantly improved energy output to reduced operational costs and minimized environmental impact, among others. The final white paper is expected to be released by Netherlands Innovation Network, UK by end of January 2024.
About BosonQ Psi
BosonQ Psi (BQP) is a SaaS simulation software startup leveraging Quantum algorithms that accelerate advanced simulations to design high-quality products faster and more economically. Its product, BQPhy, is integrated with Quantum algorithms which can overcome simulations which complex, expensive, and time-consuming for customers from mobility, energy, construction, and biotech sectors. BQP currently brings state-of-the-art simulation capabilities integrated with Quantum-inspired algorithms, which can run on today’s HPC (High Performance Computing) and provide near-term value. It is also working on hybrid-classical algorithms for future simulation capabilities. The company is part of startup programs by IBM, Intel, AWS (Amazon Web Services), Microsoft, TCS (Tata Consulting Service), and Tech Mahindra. It has raised over a million dollars from investors and government grants. It is part of Alchemist Accelerator, Hustle Defense Accelerator program by Griffiss Institute, and UK Innovate’s net zero program among others.
About Artificial Brain
Artificial Brain is a quantum computing software company developing optimization solutions for Space, Energy, and Aviation. The team has deep experience in software development, defense and aerospace, R&D, sales, marketing, investing in space, and experience working with large commercial entities, national governments, and startups. Artificial Brain has a global presence with offices in the USA, Netherlands, and India and ability to tap into diverse markets, talents, and resources. Artificial Brain was also part of the Quantum Startup Foundry (QSF) from the University of Maryland.
Artificial Brain also emerged as one of winners of the Prototype Track in the Deep Tech Category of the highly regarded myEUspace competition, organized by the European Union Agency for the Space Programme (EUSPA). Artificial Brain’s innovative quantum algorithm, designed to optimize real-time scheduling for multiple Earth Observation Satellites (EOS), clinched the victory, promising to bring groundbreaking solutions in the integration of EU space data with cutting-edge technologies like Artificial Intelligence (AI) and Quantum Computing. Website: https://www.artificialbrain.us