Virgin Hyperloop One, british billionaire Richard Branson’s new ultra-high-speed transportation company, has selected West Virginia from 17 states that have applied for the structure of a $500 million medium-dollar certification and checks, the company said Thursday at a virtual press conference. .
Branson himself, Jay Walder, executive director of Virgin Hyperloop One, Elaine Chao, secretary of the U. S. Department of Transportation, and West Virginia Gov. Jim Justice, a Republican, attended the event.
The certification center will be the first hyperloop facility used through federal regulators to establish regulatory and protection criteria for the nascent transportation system, while Virgin is experimenting with its products and infrastructure on a six-mile verification track.
“The Hyperloop generation is one of many new developments in this historic period of transport,” Secretary Chao said at the press conference. “This wave of innovation also includes drones, electric cars, autonomous vehicles, reusable rockets and silent supersonic aerial travel. “
In July, the branch published a policy document to identify regulations for Hyperloop, making it the first government company in the world to expand regulations for such systems. through Secretary Chao last year to assess intermodal transport. In the United States, hyperloop proposals are reviewed through the Federal Railroad Administration, a DOT-dependent company.
An inconsistent loop is a tube that goes back and forth that is on magnetic rails. As the tube is designed to be a closed low voltage capsule with little or no air, the back and forth can be six hundred miles consistent with an hour or more to ship other people and goods.
The concept was introduced through Elon Musk in the early 2010s. In 2014, venture capitalist Shervin Pishevar founded Hyperloop One to bring Musk’s concept to life. Hyperloop One finished its first full-scale control in Nevada in 2017. That same year, the “Virgin” logo adhered to the start-up, followed by a $50 million investment through Virgin Group and Branson’s appointment as company director.
“It may make a big difference in the future,” Branson said.
Several hyperloop systems are being developed worldwide, Canada, India and Spain.
Construction of virgin’s certification center and verification pathway in West Virginia is expected to begin in 2022 at an official coal mine in Tucker and Grant counties in the state, the company said. Trade operations are expected to begin until 2030.
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