Google partners with Italy's Energy Dome on zero-emission power supply
As part of the agreement, Google has made a strategic investment in Milan-based Energy Dome, which has developed a CO2 battery technology to support the energy transition through long-duration energy storage solutions, the companies said in a joint statement. They did not disclose the financial details.
Google joins other investors in the Italian energy storage firm such as Oman's sovereign wealth fund and global tank storage operator Vopak (VOPA.AS), opens new tab.
Google's first commercial long-duration energy storage deal is part of a growing number of advanced energy technologies the group needs to hit a goal to run its operations on 24/7 carbon-free energy by 2030.
Energy Dome's CO2-based system stores energy by compressing and liquefying carbon dioxide, which is later expanded to generate electricity.
The technology avoids the use of scarce raw materials such as lithium and copper, making it potentially attractive to European policymakers seeking to reduce reliance on critical minerals and bolster energy security.
Energy Dome launched its first commercial-scale plant in Sardinia in 2022 with a view to completing it by the end of 2024, with a 24-hour cycle and a 20-megawatt capacity able to power 13,000-15,000 houses.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
23 minutes ago
- Reuters
Regeneron beats second-quarter results estimates on Dupixent sales boost
Aug 1 (Reuters) - Regeneron Pharmaceuticals (REGN.O), opens new tab beat Wall Street estimates for second-quarter revenue and profit on Friday helped by robust demand for its blockbuster eczema treatment, Dupixent, sending its shares up nearly 3% in premarket trading. Investors have set a high bar for Regeneron and French partner Sanofi's ( opens new tab Dupixent, one of the U.S. drugmaker's growth drivers, especially after it received approval to treat a common lung condition called chronic obstructive pulmonary disease last year. Sales of the anti-inflammatory drug rose 22% to $4.34 billion, compared with an estimate of $4.14 billion. The Tarrytown, New York-based company is also banking its cancer treatment, Libtayo, to drive future growth at a time when its blockbuster eye disease drug Eylea has been grappling with stiff competition from cheaper versions and rival drugs such as Roche's (ROG.S), opens new tab Vabysmo. U.S. sales of Eylea, jointly developed with Bayer AG ( opens new tab, fell 25% to $1.15 billion, including $393 million from the higher, 8-milligram dose version of the drug. Analysts were expecting $2.17 billion in total Eylea sales. Roche reported Vabysmo sales of 2.07 billion Swiss francs ($2.54 billion) last week, slightly below analyst expectations. On an adjusted basis, Regeneron earned a quarterly profit of $12.89 per share, compared with analysts' average expectation of $8.44 per share, according to data compiled by LSEG. The company's total revenue for the quarter was $3.68 billion, above an expectation of $3.28 billion. Skin cancer drug Libtayo brought in sales of $377 million, versus analysts' average estimate of $338.75 million. Separately, Regeneron is among 17 drugmakers that have received a letter from the U.S. President Donald Trump asking them to slash U.S. prescription drug prices to match overseas rates. ($1 = 0.8161 Swiss francs)
Geeky Gadgets
24 minutes ago
- Geeky Gadgets
How Quantum Computers Are Solving the World's Biggest Problems
What if the most complex problems plaguing industries today—curing diseases, optimizing global supply chains, or even securing digital communication—could be solved in a fraction of the time it takes now? Quantum computing, once the stuff of science fiction, is no longer a distant dream. With breakthroughs like Google's 105-qubit 'Willow' processor and Microsoft's topological qubits, the race toward fault-tolerant quantum systems is heating up. These advancements are not just incremental; they're fantastic, promising to redefine the limits of computation and disrupt industries across the globe. The question is no longer if quantum computing will change the world, but how soon—and how profoundly—it will happen. ExplainingComputers explores the most pivotal developments in quantum computing as of 2025, from innovative hardware innovations to the emergence of post-quantum cryptography. You'll discover how companies like IBM and SciQuantum are tackling challenges like quantum error correction and scalability, and why these breakthroughs matter for everything from drug discovery to financial modeling. But this isn't just about technology—it's about the societal shifts and opportunities that quantum computing will unlock. As we stand on the brink of a quantum revolution, the implications are as exciting as they are daunting. What will this new era of computation mean for you, your industry, and the world at large? Quantum Computing Breakthroughs Understanding Quantum Computing Quantum computing operates on the principles of quantum mechanics, using qubits as its fundamental units of information. Unlike classical bits, which exist in a binary state of 0 or 1, qubits can exist in multiple states simultaneously through the phenomena of superposition and entanglement. This unique capability allows quantum computers to process vast amounts of data in parallel, offering computational power far beyond that of classical systems. However, qubits are inherently fragile and susceptible to environmental interference, leading to errors during computation. To address this challenge, researchers employ quantum error correction codes, which combine multiple physical qubits to create a single logical qubit. Logical qubits are a critical step toward building fault-tolerant quantum systems, allowing reliable and scalable quantum computation. These advancements are paving the way for practical applications, making quantum computing a viable solution for complex problems. Breakthroughs in 2024-2025 The past two years have been pivotal for quantum computing, with leading technology companies achieving significant milestones. These developments are shaping the future of the field and bringing us closer to realizing the full potential of quantum systems: Google: Google introduced its 'Willow' quantum processor, featuring 105 superconducting transmon qubits. The company achieved a major breakthrough in quantum error correction , demonstrating performance below the surface code threshold. This milestone is a critical step toward scalable quantum systems. Additionally, Google showcased its computational superiority through random circuit sampling (RCS) , further solidifying its leadership in the field. Google introduced its 'Willow' quantum processor, featuring 105 superconducting transmon qubits. The company achieved a major breakthrough in , demonstrating performance below the surface code threshold. This milestone is a critical step toward scalable quantum systems. Additionally, Google showcased its computational superiority through , further solidifying its leadership in the field. Microsoft: Microsoft launched its 'Majorana 1' processor, using topological qubits for enhanced stability and scalability. The company also partnered with Atom Computing to explore neutral atom-based quantum hardware and joined DARPA's US2QC program to advance utility-scale quantum computing. These initiatives highlight Microsoft's commitment to pushing the boundaries of quantum technology. Microsoft launched its 'Majorana 1' processor, using for enhanced stability and scalability. The company also partnered with Atom Computing to explore and joined DARPA's US2QC program to advance utility-scale quantum computing. These initiatives highlight Microsoft's commitment to pushing the boundaries of quantum technology. SciQuantum: SciQuantum unveiled its 'Omega' photonic quantum chipset, designed for scalability and efficiency. The company also developed an innovative cooling system for photonic qubits , resembling data center server racks, to address thermal challenges. This approach demonstrates the potential of photonic systems in achieving practical quantum computing. SciQuantum unveiled its 'Omega' photonic quantum chipset, designed for scalability and efficiency. The company also developed an innovative cooling system for , resembling data center server racks, to address thermal challenges. This approach demonstrates the potential of photonic systems in achieving practical quantum computing. IBM: IBM released a comprehensive roadmap for its fault-tolerant quantum computer, 'Quantum Staling,' which aims to feature 200 logical qubits by 2029. The company introduced advanced error correction techniques, such as barista bicycle codes and noise decoders, to enhance system reliability and scalability. Quantum Error Correction and Scalability: The Next Big Leap Watch this video on YouTube. Explore further guides and articles from our vast library that you may find relevant to your interests in Quantum computing. Securing the Future with Post-Quantum Cryptography The rise of quantum computing presents a significant challenge to traditional cryptographic systems. Quantum computers have the potential to break widely used encryption algorithms, posing a threat to data security across industries. In response, the National Institute of Standards and Technology (NIST) released a 2024 report outlining the transition to post-quantum cryptographic standards by 2035. These standards aim to safeguard sensitive information and ensure cybersecurity in a quantum-enabled future. Post-quantum cryptography focuses on developing encryption methods that are resistant to quantum attacks. This proactive approach is essential for protecting critical infrastructure, financial systems, and personal data as quantum computing becomes more prevalent. Organizations are encouraged to begin adopting these standards to future-proof their security systems. Applications Transforming Industries Quantum computing is set to transform a wide range of industries, offering solutions to complex problems that were previously unsolvable. Some of the most promising applications include: Molecular Modeling: Quantum computers can simulate molecular interactions with unprecedented precision, accelerating advancements in drug discovery and materials science . Quantum computers can simulate molecular interactions with unprecedented precision, accelerating advancements in and . Logistics Optimization: Quantum algorithms can optimize supply chains and transportation networks, reducing costs and improving efficiency for businesses worldwide. Quantum algorithms can optimize supply chains and transportation networks, reducing costs and improving efficiency for businesses worldwide. Financial Modeling: Quantum systems enable the analysis of complex financial data, providing more accurate risk assessments and portfolio optimizations . Quantum systems enable the analysis of complex financial data, providing more accurate and . AI Integration: Quantum computing enhances machine learning algorithms, leading to faster and more accurate artificial intelligence solutions. Quantum computing enhances machine learning algorithms, leading to faster and more accurate solutions. Materials Science: Quantum simulations can uncover new materials with unique properties, driving innovation in energy and manufacturing sectors. Additionally, the emergence of Quantum Computing as a Service (QCAS) is providing widespread access to access to this innovative technology. By offering quantum capabilities through cloud-based platforms, QCAS allows businesses to use quantum computing without the need for costly hardware investments. This model is accelerating the adoption of quantum technologies across industries. The Road Ahead for Quantum Computing The quantum computing market is experiencing rapid growth, with annual revenues projected to reach $5 billion by 2030. While fault-tolerant quantum systems are still under development, they are expected to become commercially viable by the early 2030s. These systems will unlock new possibilities for industries, allowing breakthroughs in areas such as healthcare, finance, and energy. As the field progresses, collaboration between academia, industry, and government will play a crucial role in overcoming technical challenges and driving innovation. The next decade will be instrumental in shaping the future of quantum computing, as researchers and engineers work toward building scalable, reliable, and accessible quantum systems. By staying informed about these advancements, you can better understand the fantastic potential of quantum computing and its impact on technology and society. The developments of 2024-2025 mark a significant step forward, setting the stage for a quantum revolution that will redefine the boundaries of computation and innovation. Media Credit: Explaining Computers Filed Under: Hardware, Technology News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
Evening Standard
25 minutes ago
- Evening Standard
Trump's US tariffs explained: what they are, how they work and who they affect
However, certain products are subject to different rates. For example, days before the August 1 deadline, the US and EU agreed that European goods would face 15 per cent tariffs - including cars. The agreement, which must be approved by all 27 EU countries, will provide US companies 0 per cent tariff on a number of goods.
