Eni(E) ZACKS·2024-07-16 15:40Group 1: Eniquantic Joint Venture - Eni has partnered with ITQuanta to establish a joint venture named Eniquantic, focusing on quantum computing applications in the energy sector [7] - Eniquantic will leverage Eni's High Performance Computing supercomputers to explore integrations between quantum and classical architectures, aiming to improve energy production efficiency, particularly in renewable energy [1][14] - The venture is part of Eni's corporate initiative, Eniverse, aimed at enhancing in-house skills and technological solutions for entrepreneurial initiatives [9] Group 2: Technological Advancements - Eniquantic will utilize molecular dynamics and quantum mechanics techniques to discover high-performance materials for energy sources, including magnetic confinement fusion [8] - The collaboration aims to develop an integrated quantum machine for solving complex problems in optimization, modeling, simulation, and artificial intelligence, supporting the energy transition [15] Group 3: Strategic Goals - Through Eniquantic, Eni aims to significantly contribute to the energy transition by harnessing quantum computing for advancements in energy efficiency, material discovery, and operational optimization [14] - The synergy between Eni's operational excellence and ITQuanta's expertise in atomic physics and quantum computation is expected to enhance Eni's leadership in high-performance computing for industrial use [2]