INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Europe hyperloop test hits new speed record in Dutch trial

Europe has yet to commit to a long test facility, though Germany and Italy are considering tracks. (Pic Hardt Hyperloop)
  • Hardt Hyperloop said its vehicle had reached 85 kph at the 420 meter European Hyperloop Center test track in the Netherlands and had carried out a complex lane switching test.
  • It said the lane switching maneuver -- essential for networked routes -- showed there were no technical barriers to operating at aircraft-like speeds.

The Hague, Netherlands — A Dutch tech startup said Wednesday it had set a European speed record for its futuristic hyperloop transport system and could reach 700 kilometers (435 miles) per hour once longer tracks are built.

Hardt Hyperloop said its vehicle had reached 85 kph at the 420 meter (1,378 feet) European Hyperloop Center test track in the Netherlands and had carried out a complex lane switching test.

It said the lane switching maneuver — essential for networked routes — showed there were no technical barriers to operating at aircraft-like speeds.

The development comes as China pushes ahead with its own high-speed projects, with state media reporting tests above 600 kph and a goal of linking Shanghai and Guangzhou by 2035.

Europe has yet to commit to a long test facility, though Germany and Italy are considering tracks.

“We are ready to go for higher speeds — up to 700 kph — as soon as the infrastructure so permits,” co-founder Tim Houter told AFP.

The European Hyperloop Center, which opened last year, has hosted more than 750 test missions.

Hardt is one of several firms seeking to commercialize the hyperloop, a concept in which passengers travel in pods at near-supersonic speeds through vacuum tubes.

The test marks progress from a year ago, when the same track hosted trials at just 30 kph.

Backers insist the technology will eventually replace short flights in Europe and could cut energy use to a fraction of trains or planes.

First floated by Elon Musk in 2013, the hyperloop has consumed billions of dollars in trials but has yet to produce a viable commercial route.