Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
In Giant Leap Forward, Virgin Hyperloop One Announces Technology Can Be Powered Completely Off-Grid in Middle East
 

The system would be up to ten times more energy-efficient than short haul flights, 50 per cent more efficient than high-speed trains, says Virgin Hyperloop One executive prior to Abu Dhabi Sustainability Week

 

ABU DHABI, UAE - JANUARY 13, 2020 – Virgin Hyperloop One (VHO), the world’s leading hyperloop company, announced its participation at this year’s Abu Dhabi Sustainability Week (ADSW), a global platform that seeks to accelerate sustainable development. The annual event is taking place in the UAE’s capital, Abu Dhabi, from January 11th – 18th 2020. VHO is presenting at ADSW’s headliner event, the World Future Energy Summit (WFES) to discuss what it will be like to travel in the 21st century. 

At speeds of over 1,000km/h, hyperloop can connect all Gulf cities within an hour from each other. The system has zero direct emissions and could move close to 45 million passengers per year in the region leveraging solar panels which cover the tube.  

Jay Walder, Chief Executive Officer at VHO, said, “As cities around the world feel the impacts of climate change, we need viable solutions. Transportation is one of the biggest areas that needs to be addressed. Yet we have seen little progress since the introduction of the railway and commercial air travel. At VHO, we are committed to a massive leap forward to offset the impacts of vehicle, train and air travel in a way that no current technology can. We estimate that per passenger, hyperloop is 50 per cent more energy-efficient than high-speed rail and up to 10 times more than flying. As a result, all Gulf cities could be less than an hour away from each other, powered by a zero-emission network that is energy neutral and could be completely unplugged from the grid in the Middle East.”

In line with the UAE’s federal ‘Energy Strategy 2050’, VHO’s clean energy solution supports. the strategy’s goals to increase the contribution of clean energy in the total energy mix from 25 per cent to 50 per cent by 2050 and reduce carbon footprint of power generation by 70 percent, thus saving AED 700 billion by 2050.

Having already attracted major investors from the UAE, such as VHO’s lead investor, DP World, a hyperloop connection would see passengers travel the region at incredible speeds, cutting the travel time from Abu Dhabi to Jeddah to 48 minutes for example.

Speaking about the participation at Abu Dhabi Sustainability Week and a connected Gulf, Harj Dhawali, Managing Director of the Middle East and India at Virgin Hyperloop One, said, “We are very excited to participate at this year’s Abu Dhabi Sustainability Week. The event provides us with a unique opportunity to promote hyperloop technology as the world’s most sustainable mode of mass transportation and engage in meaningful dialogue and for a more connected region.”

In October, VHO announced the results of a strategic study commissioned to build the world’s first extended test and certification hyperloop track in the Kingdom of Saudi Arabia.  The Virgin Hyperloop One Center of Excellence (CoE), if approved, could create more than 124,000 high-tech local jobs and drive a $4billion increase in KSA GDP by 2030, according the study.


Posted by : Dubai PR Network Editorial Team
Viewed 4673 times
PR Category : Banking & Investments
Posted on : Monday, January 13, 2020  12:45:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Why Video Surveillance Is Great for Retailers & Consumers
Next Story : Samsung's Family Hub Brings Food AI and Automation into the ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Korea's Number One Beauty Brand Innisfree All Set to Celebrate the Grand Opening at the Du... [9894-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [9058-Views]
Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of Determinat... [8760-Views]
How to Beat Pigmentation with DERMAdoctor [8497-Views]
Introducing Zeitun Premium Face Care Collection [8381-Views]
Spoil her this Mother's Day with gifts from Marks & Spencer [8028-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [7918-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [7845-Views]
Enjoy a Selection of Anti-Aging Products from Beauty Solutions [7241-Views]
Achieve Gorgeous and Radiant Skin in Only 90 Seconds [7106-Views]
Swatch X 007 Introducing the New James Bond Collection and Limited Special Edition [6381-Views]
Ferragamo Sapphire Collection [6033-Views]
Tag Heuer Opens Boutique at Mall of the Emirates [5899-Views]
Dubai Chamber Honours Top-performing Trading Companies [5795-Views]
HRH the Prince of Wales Officially Opens the National Automotive Innovation Centre [5704-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holida... [5600-Views]
Get Great Hair Naturally With HASK's Latest Haircare Collections This Spring! [4898-Views]
HH Sheikh Mansour bin Mohammed Visits Dubai Sports Council [4734-Views]
Marks & Spencer Unveils its All New Menswear [4429-Views]
Mall of Oman Onboards a Host of Global Lifestyle, Fashion, and F&B Brands Ahead of Its 202... [4404-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4252-Views]
Visit of Punjab Minister at Al Maya Stand @ Gulfood 2020 [4081-Views]
Statement Stilettoes from Steve Madden [4069-Views]
GEMS Global Innovation Showcase 2020 Sees 1,500 Student Innovators and Entrepreneurs Exhib... [3983-Views]
Dubai Cares Donates 2,000 Books to Wanna Read? Initiative to Instill the Habit of Reading ... [3953-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories