Iberdrola and Multiverse Computing complete trials to increase grid-scale battery efficiency
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Iberdrola, an energy company, and Multiverse Computing, a value-based quantum computing solutions company, announced the successful completion of a pilot project in northern Spain.
The project focuses on optimising the installation of grid-scale batteries which are an important factor in transitioning to green and clean energy.
As renewable energy sources, electric vehicles, heat pumps, and other distributed energy resources are being integrated into electricity grids, battery storage plays a crucial role in ensuring grid stability.
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Multiverse’s approach employs quantum and quantum-inspired algorithms to identify the most efficient quantity, types, and locations of batteries within the grid infrastructure.
This approach minimizes the costs associated with integrating batteries into the grid while enhancing overall network performance.
i-DE, the distribution company of Iberdrola in Spain, led a pilot project focused on Guipuzkoa’s electricity grid in the Basque Country, Spain.
Over the course of 10 months, quantum and quantum-inspired algorithms demonstrated comparable or superior performance compared to classical benchmarks in enhancing grid reliability and voltage control.
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The initiative was conducted under the auspices of Iberdrola’s Global Smart Grids Innovation Hub and was a key component of the Gipuzkoa Quantum Program.
Enrique Lizaso Olmos, CEO of Multiverse Computing, said, “With the power of quantum computing, private and public institutions can meet sustainability goals while saving on both fixed and variable costs.”
He added, “We are proud to support the development of more reliable and economical green energy in Spain alongside a world-leading clean energy provider like Iberdrola.”
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