Quantinuum to explore energy-industry uses for quantum tech with Saudi oil giant BROOMFIELD — Quantinuum Inc. (Nasdaq: QNT) said this week that it has signed a nonbinding memorandum of understanding with Aramco, a majority state-owned Saudi Arabian oil and gas company, “to explore a series of industrial use cases, enhance quantum computing capabilities, and prepare for a potential research collaboration focused on fault-tolerant quantum computing.” Under the MOU, the Broomfield-based quantum-technology firm will work with the energy giant also known as the Saudi Arabian Oil Co. to “identify Aramco’s challenges that may be suitable for quantum computing research with an emphasis on solving complex problems in energy and digital transformation,” Quantinuum said in a news release. “The collaboration aims to assess how future generations of quantum systems may address relevant scientific and industrial challenges, and to benchmark different quantum computing modalities.” Quantinuum, which was formed in 2021 with the merger of Honeywell Quantum Solutions, formerly a division within parent Honeywell International Inc. (Nasdaq: HON), with U.K.-based Cambridge Quantum Computing, went public this year and raised $1.68 billion in the process. Quantum theory attempts to explain the behavior of matter at atomic and subatomic levels. Because quantum computers take advantage of special properties of quantum systems such as superposition, their computing power and speed are exponentially greater than a traditional computer. Quantinuum, and other local quantum firms, are early in the process of commercializing this technology and applying it to real-world business uses. “Organizations that expect to benefit from quantum computing need to begin developing their expertise, algorithms and workflows today,” Quantinuum CEO Rajeeb Hazra said in the release., President and CEO of Quantinuum. “This MOU creates a framework for Quantinuum and Aramco to exchange expertise, identify important industrial challenges and prepare for a deeper research collaboration. By combining Aramco’s scientific