ArcelorMittal partners with IIT Madras to create Asia’s first hyperloop facility
- January 4, 2024
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
ArcelorMittal partners with IIT Madras to create Asia’s first hyperloop facility
Subject : Science and Tech
Section: Msc
Context:
- ArcelorMittal has established a partnership with the Indian Institute of Technology Madras (IIT Madras) to develop Hyperloop Technology in Tamil Nadu
More on news:
- ArcelorMittal is collaborating with the IIT Madras’s Hyperloop Technology teams (Avishkar Hyperloop) and TuTr Hyperloop, a startup incubated in IIT Madras, for this project.
- The Ministry of Railways is also a key partner to this project.
- The team’s central objective is the advancement and commercialisation of Hyperloop technologies for high-speed, affordable, reliable, and sustainable transportation.
- The partnership for hyperloop deep-tech initiative which will significantly accelerate our efforts to commercialize Hyperloop technology
About Hyperloop technology:
- Hyperloop is a proposed high-speed transportation system for both public and goods transport.
- The technology is proposed by Elon Musk, who is behind electric car company Tesla and commercial space transport company SpaceX.
- Hyperloop systems have three essential elements: tubes, pods, and terminals.
- The tube is a large, sealed low-pressure system (usually a long tunnel).
- The pod is a coach pressurized at atmospheric pressure that experiences low air resistance or friction inside this tube using magnetic propulsion .
- The terminal handles pod arrivals and departures.
- The Hyperloop high-speed infrastructure system will transport passengers and goods at aircraft speeds in pods through a low-pressure, vacuum tube, cutting journey times by 90 percent.
- The technology provides significantly more benefits to traditional transportation modes – sea, rail, road, and air – by offering energy-efficient, on-demand, and cost-effective service, while reducing the overall footprint of the system.
- An agreement was signed between Maharashtra government and Virgin group to build a Hyperloop connecting Mumbai and Pune in Maharashtra.
- A committee chaired by NITI Aayog Member V K Saraswat is exploring the technological and commercial viability of the Virgin Hyperloop technology in India.