Leading industry commentators estimate the quantum computing market’s size will increase to $10bn between 2026 and 2030. Credit: Getty Images/da-kuk.

US-based quantum computing company Quantinuum announced on Thursday (11 July) a partnership with the Science and Technology Facilities Council (STFC) Hartree Centre, a leading supercomputing centre.

The partnership aims to provide UK businesses and research organisations with the means and resources to explore quantum advantage in quantum chemistry, quantum AI and many other domains.

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The partnership will also provide the Hartree Centre with access to Quantinuum’s H-Series high-performance quantum computers. This will help UK industrial and scientific professionals to innovate on a grander scale.

The partnership will include a series of educational programmes that will enhance the expertise and skills of researchers and engineers in the UK quantum industry.

“The Hartree Centre and the UK quantum ecosystem will be on the forefront of building solutions powered by quantum computers at scale,” said the CEO of Quantinuum, Raj Hazra.

By giving UK researchers the resources to develop new quantum algorithms, the partnership will accelerate innovation in quantum computing, the company said.

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Quantinuum was formed with the merger of Cambridge Quantum Computing and Honeywell Quantum Solutions in November 2021.  

In January, the company raised $300m in an equity funding round at a pre-money valuation of $5bn.  

JPMorgan Chase led the round, which saw additional contributions from Mitsui & Co., Amgen and Honeywell. 

According to GlobalData’s Thematic Research: Quantum Computing 2024 report, leading industry commentators estimated quantum computing market’s size in 2022 to be between $500m and $1bn, rising to $10bn between 2026 and 2030.