Infleqtion (INFQ) announced it has been selected to receive $3.9M in funding from the U.S. Department of Energy’s ARPA-E. The funding is part of the Quantum Computing for Computational Chemistry program, which seeks to develop and apply quantum algorithms to accelerate simulations of chemistry and materials science to advance commercial energy applications ranging from superconducting power lines, advanced batteries, engineered rare earth magnets, and breakthrough catalytic systems. Infleqtion’s QC3 project aims to discover new high-temperature superconductors and materials that conduct electricity with zero losses.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INFQ:
- Unusually active option classes on open March 10th
- Infleqtion to showcase quantum accelerated supercomputing with Nvidia at GTC
- Trump Trade: White House announces Executive Order to combat cybercrime
- Infleqtion expands partnerships with Department of Energy national laboratories
- Infleqtion management to meet with Rosenblatt