Quantum design automation software developer QC Design announced yesterday that it has been selected for the Accelerator program by the European Innovation Council (EIC) and has received €4 million in funding from the program. The company said that the Accelerator program provides it with €2.5 million in the form of a grant and an additional €1.5 million in seed-round equity investments.

Multiverse Computing, a quantum computing solutions company, recently announced that it has successfully delivered a pilot project with Iberdrola, a clean energy giant, in northern Spain aimed at optimizing the installation of grid-scale batteries. The company said that its solution uses quantum and quantum-inspired algorithms to assist Iberdrola in selecting the optimal number, type, and location of batteries on the grid network, resulting in reduced costs for battery additions and increased network performance.

Scientists from the Oak Ridge National Laboratory (ORNL) and Los Alamos National Laboratory (LANL) in the United States have created a method to validate quantum algorithms for nuclear physics applications. The newly developed method makes validating these calculations more efficient-setting the stage for quantum advances over classical calculations in this field. The research has been published recently in the European Physical Journal A.

In a recent study, a research team from Chiba University in Japan developed a novel data assimilation technique designed for quantum annealing machines. In the study, the team formulated the four-dimensional variational data assimilation (4DVAR) cost function, into a quadratic unconstrained binary optimization (QUBO) problem, which quantum annealers can solve. This new quantum annealing approach accelerates data assimilation, thereby addressing a main computational bottleneck for numerical weather predictions.