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

  • October 4, 2023
    What's Next for Aimsun?
    Aimsun is switching strategy from being a pure software firm to one that is focused on outcomes. The company’s CEO Alexandre Torday talks to Adam Hill and explains why
    Read More
  • November 8, 2012
    Telvent presents its integrated global IT solutions for smart cities
    Real-time IT solutions and information provider Telvent recently presented its global IT solutions for smart cities. Developed with Schneider Electric, Telvent says its SmartCity concept provides cities with access to an integrated suite of solutions to improve the efficiency and sustainability of urban infrastructures, leading to more livable cities. The SmartCity strategy combines Schneider Electric and Telvent’s proven solutions for managing critical infrastructure, including: Smart Grid helps cities to
    Read More
  • November 15, 2013
    Maintaining momentum: learning lessons from the London Olympics
    Japan will not only host this year’s ITS World Congress but has been selected for the 2020 Olympics. So what can Japan, and indeed Brazil, learn from the traffic management for London 2012 - Geoff Hadwick finds out. It was a key moment when Olympic boss Jacques Rogge signed off London 2012, calling the Games “happy and glorious.” Scarred by the logistical disaster of Atlanta 1996 and the last-minute building panic for Athens 2008, Rogge clearly thought London 2012 was an object lesson in how to plan and
    Read More
  • December 11, 2013
    Study looks at air quality impacts of low carbon buses
    A new report prepared by Ricardo for the Low Carbon Vehicle Partnership (LowCVP) to review the air quality impacts arising from the recent rapid increase in the number of low carbon buses in the UK recommends that the legislation needs to consider hybrid technology impacts in the test processes to avoid potential unintended consequences in terms of local emissions. As they mainly operate in urban areas, local emissions from buses are of particular significance. Reviewing worldwide test processes for
    Read More

Highlighted Content