Virgin Hyperloop One (VHO), the only hyperloop company in the world to successfully test its technology at scale, has announced that its ground-breaking hyperloop system is poised to be the most energy-efficient mode of mass transportation in the world.

In conjunction with Climate Week NYC, Los Angeles-based VHO made its announcement from Rockefeller Plaza at Rockefeller Center in New York City, where it is showcasing its XP-1 test vehicle from its Nevada test track.

VHO also announced that it is joining the Ellen MacArthur Foundation’s CE100 network, which brings together businesses, innovators, cities, governments, and universities committed to accelerating the transition to a circular economy.

“The only way to address this mounting crisis is head-on. We need big ideas like hyperloop to reach zero-emission transport while rapidly connecting people and goods,” said Sir Richard Branson, founder of the Virgin Group.

“As the world’s population grows, especially our urban populations, global demands for rapid, seamless travel, and more efficient deliveries will continue to rise. We must meet demand in a way that is efficient, clean, and protects the future of our planet,” said VHO's chief executive Jay Walder.

“Hyperloop technology can be that radical solution, setting the bar for the fastest, most energy-efficient, and sustainable form of travel ever created,” he noted.

"Hyperloop will be able to transport people and goods at nearly 700 miles per hour in depressurized environments via magnetic levitation. It can also carry more people than a subway, at airline speeds and with zero direct emissions," explained Walder.

By combining an ultra-efficient electric motor, magnetic levitation, and a low-drag environment, the VHO system will be 5 to 10 times more energy-efficient than an airplane and faster than high-speed rail using less energy, he stated.

VHO’s infrastructure can also support the creation of renewable energy by integrating solar panel technology across the outdoor transport tube system. Depending on the climate, the integration of solar technology could generate two-thirds of a route’s projected energy needs.

VHO is currently working with the Indian government of Maharashtra on a route between the cities of Pune and Mumbai. With a combined population of 25 million, the regional city pair sees more than 75 million commuting trips annually, a number which is expected to skyrocket to 130 million by 2026.

The implementation of a regional VHO system could reduce local greenhouse gas emissions by up to 150,000 tons (300 million pounds) annually while creating 1.8 million new jobs and $36 billion in economic impact across the region, said the top official.

In addition to VHO’s commitment to reduce the environmental impact of the transportation industry, VHO joins the Ellen MacArthur Foundation’s Circular Economy 100 Network (CE100) as an ‘emerging innovator’.

The CE100 brings together businesses, innovators, cities, governments, and universities committed to accelerating the transition to a circular economy.

By joining the CE100 network, VHO commits to creating a circular hyperloop framework that is restorative and regenerative by design, establishing methods to reuse decommissioned elements of its system and reducing its carbon output.

It is the first mass transportation company to join the prestigious network, which includes companies like Google, Apple, and Unilever.

"We are delighted to welcome Virgin Hyperloop One to the CE100, the world’s leading circular economy network," remarked Joe Murphy, CE100 lead, Ellen MacArthur Foundation.

"It is this collaboration among our diverse and dynamic network that enables members to realise circular economy innovation opportunities much faster than they could alone, and we are excited that Virgin Hyperloop One is now part of this community," he added.

“The Ellen MacArthur Foundation has done an excellent job of identifying how we can build a thriving, low-carbon economy, and is bringing together world-leading organisations to deliver it,” said Walder.

In the US, ten states are now exploring hyperloop including Missouri, Texas, Colorado, Ohio, North Carolina, Pennsylvania, Washington, Indiana, and Oregon – in addition to Nevada which hosts the test site, he added.-TradeArabia News Service