First Working Hyperloop System in Urban Area Planned for California
Hyperloop Transportation Technologies has announced that it has reached an agreement for the first working Hyperloop passenger transportation system on a five-mile stretch in California’s Central Valley as part of Quay Valley, a new, sustainable 21st Century town.
The Hyperloop, also called the 5th mode of transportation, allows a capsule with 28 people to travel through a tube with a low pressure environment of 100pa at 760mph. It is described as similar to an airplane in very high altitudes, but on the ground.
The news comes on the heels of announcing a public offering and Elon Musk’s offer to build an open source test track in Texas.
Construction is expected to begin in 2016 and this will be the first working passenger-ready Hyperloop in an urban area.
“With Quay Valley, we’re creating a community built on economical, environmental and social sustainability, and part of this is seeking to reduce car dependency,” said Quay Hays, CEO of GROW Holdings, Inc. (Green Renewable Organic & Water), the master developer of Quay Valley. “For these reasons, the Hyperloop is the ideal clean community transit system for Quay Valley.”
“Our agreement with Quay Valley is a major milestone in the advancement of the Hyperloop project,” said Hyperloop Transportation Technologies CEO Dirk Ahlborn. “This installation will allow us to demonstrate all systems on a full scale and immediately begin generating revenues for our shareholders through actual operations.”
The Quay Valley Hyperloop track will be built using HTT’s tube, capsule, and station models. It will be instrumental in optimizing passenger system needs–such as loading, departure and safety considerations–to ensure Hyperloop is ready for larger-scale operation. Running speed will be reduced on the shortened track from Hyperloop’s full potential.
In the past two years, JumpStartFund assembled a team of nearly 200 core team professionals who have worked to bring the Hyperloop to reality by completing extensive technological and financial feasibility studies. On February 13, 2015, Hyperloop Transportation Technologies announced the company was moving towards a public offering near the end of 2015. The offering is planned to be an auction with the goal of raising $100 million.
Quay Valley is located on 7,500 acres directly between Los Angeles and San Francisco along California’s famous Interstate 5 Freeway. A sustainable model town for the 21st century, Quay Valley is the first urban center to be built with special attention paid to the highest levels of green design standards and resource conservation.
Quay Valley will be a 100 percent solar-powered, self-sustaining residential community of 25,000 homes that incorporates cutting-edge technology into a retail, education, entertainment and hospitality infrastructure, generates thousands of jobs, and strengthens the Central Valley’s economy–all while protecting the natural resources and beauty of the land.
Hyperloop first gained public interest when entrepreneur Elon Musk published a detailed white paper describing a futuristic mode of transport that would transport folks from LA to San Francisco in about thirty minutes. Mr. Musk handed the concept to the public asking for entrepreneurs to take over its development while he focused on his existing projects. Hyperloop Transportation Technologies rose to the challenge.
Category: Consumer, Mass Transit
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