Hyperloop Transportation Technologies unveiled its full-scale passenger capsule in Puerto de Santa Maria, Spain. The prototype was the handiwork of industrial design studio Priestmangoode.
Additionally, HTT has produced a set of hyperloop safety requirements and certification guidelines along with a framework for insurance. The company expects to publish the final version of these guidelines early next year. By acknowledging and proactively sculpting the conversation around regulation and insurance, HTT has improved the odds that its capsule will be put to use in a working system that services passengers and societal needs.
Image Source: Hyperloop Transportation Technologies
“In order to bring hyperloop to reality we have sought out and formed alliances with industry leaders,” said Bibop Gresta, chairman of HTT, during a private meeting held at TÜV SÜD’s global headquarters. Representatives from Ukraine, China, Germany, France, and the United States were also in attendance.
However, the creation of a working hyperloop system could necessitate many starts and stops. Beyond the engineering challenges, megaprojects require large amounts of capital, political will, and collaboration. HTT’s competitor, Virgin Hyperloop One, may not proceed with its plans in Saudi Arabia.
Virgin Group CEO Richard Branson criticized Saudi Arabia for its possible involvement in the apparent death of journalist Jamal Khashoggi and said that he was temporarily freezing his partnership with the country. Executives from Virgin Hyperloop One elected not to attend the Future Investment Initiative, colloquially referred to as “Davos in the Desert.” Based on reporting from the Financial Times and other outlets, it appears that this turn of events has either jeopardized or led to the disintegration of a planned deal for an in-depth feasibility study in the desert country.
At the current time, ambiguity remains. However, the development of hyperloop continues to move forward.