AVEVA announces new strategic partnerships with Vulcan Energy and Oxford Quantum Circuits

AVEVA, a global leader in industrial software, has announced new strategic partnerships with Vulcan Energy Resources (VER) and Oxford Quantum Circuits (OQC) during its flagship annual conference, AVEVA World 2024, being held this year in Paris. The announcements were made by AVEVA CEO Caspar Herzberg, during a press conference at AVEVA World 2024 in Paris’ Palais des Congrès.

Vulcan Energy Resources (VER) is committed to become the world’s first lithium company with a carbon neutral footprint through a ground-breaking lithium technology. AVEVA’s new partnership with Vulcan will focus on Vulcan Energy Resources’ €1.5 billion engineering project in Germany’s Upper Rhine Valley – with AVEVA providing the digital backbone for the project. This collaboration supports both companies’ commitment to driving digital transformation and sustainability throughout the lifecycle of industrial assets.

Decarbonising lithium production

VER aims at decarbonising lithium production by developing the world’s first dual lithium chemicals and renewable energy business with net zero greenhouse gas emissions. CONNECT will be used to enhance collaboration and foster digital agility across the different project phases and industrial assets. VER will gain access to a comprehensive suite of software solutions tailored to Phase One and future phases. Core components, such as AVEVA’s Contract Risk Management (CRM) and AVEVA Asset Information Management (AIM), as well as AVEVA’s cutting-edge digital twin and Assai’s Document Control and Management system, will enable secure data sharing among multiple stakeholders including contractors.

“This collaboration supports our commitment to driving digital transformation and sustainability throughout the lifecycle of industrial assets. By collaborating with AVEVA, Vulcan can harness the full power of CONNECT to ease collaboration and accelerate the software underpinning their ground-breaking lithium technology,” Herzberg said.

Cris Moreno, CEO of Vulcan Energy Resources, said: “This MoU marks the beginning of a promising long-term collaboration between Vulcan and AVEVA. We are delighted to have AVEVA as a key partner in delivering world-leading digital solutions for Phase One of our integrated renewable energy and ZERO CARBON LITHIUM Project ecosystem and beyond.”

Applying quantum computing in the industrial sector

AVEVA’s new partnership with Oxford Quantum Circuits (OQC) seeks to develop an application of quantum computing in the industrial sector. While still in its infancy, quantum computing is expected to help customers save time and money, as well as reducing power consumption. By partnering with OQC, AVEVA is bringing the power and capability of quantum compute to its customers, enabling them to unlock its potential to solve new and previously thought impossible problems. Quantum compute is anticipated to deliver an exponential speed-up over classical techniques, as well as generate cost and power consumption reductions: including AI large language models and big data.

When announcing the technology partnership with OQC, a global leader in quantum computing-as-a-service, Herzberg said:  “We often hear “Time is Money” but today, there’s a new paradigm: Time is sustainability! The climate crisis is urging industries to accelerate their journey to net-zero. The faster we innovate for a better world, the better. Quantum Computing is a game changer in terms of speed, efficiency, and precision. I’m convinced that quantum technology will unlock faster and more sustainable innovation in industries.” 

“Quantum computing is set to revolutionise every sector with faster and more nuanced information processing. Through OQC’s capabilities, quantum is now a tangible, accessible asset for businesses like AVEVA to utilise for experimentation. We look forward to unlocking its potential for their customers” added Gerald Mullally, CEO, Oxford Quantum Circuits. 

AVEVA’s annual flagship software conference brings together leading industrial companies from across the globe to explore how to generate impact with cutting-edge technology.