On December 6th the non-profit organization Hyperloop Advanced Research Partnership (HARP) organized a conference in New York City. The title of the conference was The Hyperloop: Promises and Challenges. There were 75 attendees — the meeting was sold out.
Most of the meeting, which was chaired by HARP’s President, Dane Egli, consisted of a panel discussion followed by a question and answer session. Panel members were:
- Sebastien Gendron, CEO & Co-founder of TransPod Hyperloop
- Rebecca Leonard, President of Hypernet Holding Corporation (HHC)
- Bibop G. Gresta, Chairman & Co-Founder of Hyperloop Transportation Technologies (HTT)
- Rick Geddes, Professor of Policy Analysis, Cornell University & Director of the Cornell Program in Infrastructure Policy (CPIP)
As many readers of this blog know I started to look into the feasibility of hyperloop in order to find out if this new technology could create an end run around the problems to do with our ‘High Speed Rail’ project. But I have learned that this technology has the potential to change our transportation world as much as the automobile did a hundred years ago.
I attended this particular conference to learn more about the five basic questions I am trying to answer regarding hyperloop technology. The questions are:
- Will it work?
- Is it safe?
- Is it socially acceptable?
- Can it be profitable?
- Can it meet regulatory requirements?
The panel discussion was wide-ranging; I was encouraged to find that the research that we have done so far to do with the five questions has been quite successful — there were no surprises.
The three major takeaways for myself were:
- The technology is quite mature and proven.
- Hyperloop is not just a substitute for traditional rail. It will create a new culture that will transform all forms of surface transportation.
- The biggest challenge is political will — do we want to step out and adopt this new technology?
Based on my own research and on what I heard at this meeting the answers to the five questions are,
- Yes — there is no commercial hyperloop system in service yet but pilot projects are going well and all the pieces (maglev, low pressure tubes, linear electric motors) are in service and are successful.
- Conditional Yes — there are some concerns that need to be addressed regarding tracking stability.
- Strong Yes — the fact that hyperloop takes up much less real estate than roads, railways and airports was a stressed by the panelists. The technology is also environmentally clean.
- Uncertain — but the fact that Sir Richard Branson, who is a very successful business person with his own rail and airline companies, has invested in the company now known as Virgin Hyperloop One is a strong indicator as to the financial potential for this technology.
- Yes — the regulations have yet to be written (I have volunteered to help), but there is no reason to anticipate that they will constitute a major hurdle.