EDP invests €500,000 to develop Fuelsave solution

September 6, 2019 Read time: 1 min

Energy company EDP has invested €500,000 in Portuguese start-up Fuelsave to help truck drivers save fuel, which it claims takes up 40% of transport companies’ budgets.

Fuelsave is developing a solution that is expected to optimise truck driving and save up to 20% on fuel. It collects and analyses electronic data from each truck to help understand the different driving parameters that impact fuel consumption.

Luís Manuel, administrator of EDP, says: "The transport sector still has too much weight in CO2 emissions, and freight is a big part of this problem. We believe that development of smart driving solutions that significantly reduce fossil fuel consumption is part of the future.”

Looking ahead, EDP intends to help autonomous driving companies develop technologies more safely using the Fuelsave platform.

Location Based Systems

Related Content

  • Smart Cities: a journey, not a destination
    June 30, 2021
    As technologies evolve, cities of the future should prepare for expansion by establishing scal­able systems, suggest Benjamin Ho and James Birdsall of Parsons
    Read More
  • Grey areas: who's legally responsible for C/AVs?
    October 22, 2018
    Connected and autonomous vehicles are an exciting development in the ITS sector – but amid the hype some big questions about their deployment remain unanswered, finds Ben Spencer Connected and autonomous vehicles (C/AVs) have the potential to change the way we travel - and to eliminate road fatalities. But policy makers and regulators will need to ensure user and public safety is included in future planning. The legal and insurance industries will have to catch up, too. For example, questions over who is
    Read More
  • ADN says Bled will improve public transit efficiency
    August 16, 2019
    ADN Mobile Solutions has developed Bled, a technical solution which – in conjunction with bespoke training and gamification tools – is designed to help bus drivers improve their driving efficiency. The goal is to reduce public transit emissions and provide cost savings, monitoring the way that vehicles are driven, and picking up on activities such as sharp braking or acceleration, giving personalised recommendations based on driving context. Electronic and mechanical data from buses is analysed and pres
    Read More
  • Just Zip it! Lindsay takes to the road
    October 10, 2018
    Greater vehicle connectivity is going to have huge implications for traffic management. David Arminas climbed aboard a Lindsay Road Zipper to see what this might mean in future As vice president of barrier specialist QMB Canada, Marc-Andre Seguin is sanguine about the future for moveable barriers. On the one hand, it looks good. The oft-stated advantage of moveable barriers is that the systems are cheaper to install than adding a lane or two to a highway or bridge. Directional changes to lanes can boost
    Read More

Highlighted Content