Hyperloop Transportation Technologie (HTT) CEO Dirk Ahlborn is setting a path to be the first one to create a working Hyperloop transportation system thus fulfilling the vision of innovator Elon Musk. Ahlborn has reportedly reached an agreement to create a 5 mile stretch of Hyperloop track in California’s Central Valley. The project is part of Quay Valley described as a new “sustainable 21st century town”.
“Our agreement with Quay Valley is a major milestone in the advancement of the Hyperloop project,” states 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.”
Construction is scheduled to begin in 2016 and will be a working passenger ready Hyperloop.
On February 13th, Ahlborn announced the pursuit of a $100 million public crowdfunded offering. The offer is said to open towards the end of 2015 on the JumpStartFund. The campaign, which is described as an auction, will fund the project which will run alongside interstate 5. 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.
“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.”
The project to pursue the Hyperloop, based off of Elon Musk’s white paper on the technology, was promoted several years ago by the JumpStartFund. Since that time the company states that nearly 170 plus team professionals have signed up to assist in the project. These professionals include engineers and scientists who want to be part of revolutionizing transpiration. While the initial goal is to create only a 5 mile track – and nowhere near the 700 mph speeds envisioned – this could be a start.
Quay Valley is located on 7,500 acres directly between Los Angeles and San Francisco. Quay Valley is said to be the first urban center to be built with special attention paid to the highest levels of green design standards and resource conservation. The community 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.
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