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

  • Parifex speed cameras: picture perfect
    September 30, 2020
    From speed cameras to smart cities, image processing and AI – Parifex is not short of ambition. Nathalie Deguen tells Adam Hill where the French company is heading next
    Read More
  • Economic stimulus packages - shift in emphasis on exit strategies
    July 19, 2012
    Jack Short of the International Transport Forum discusses the role of stimulus finding and the path in and out of recession. The US Government has grabbed many headlines with the American Recovery and Reinvestment Act (ARRA), its response to the need to do something to prevent stagnation in the face of the recent economic downturn.
    Read More
  • Performance indicators help differentiate between truck tolling systems
    August 20, 2014
    Traffic Quality Management Karl Ernst Ambrosch talks to ITS International about a new KPI-based methodology for assessing the efficacy of electronic toll collection schemes The debate over which is the ‘best’ solution for applications such as truck tolling is now years old.
    Read More
  • FTA calls for infrastructure investment in Chancellor’s Spending Review
    September 11, 2015
    The Freight Transport Association (FTA) has told the Chancellor that investment in roads and rail infrastructure is key to the UK’s future growth in its submission ahead of his 2015 Spending Review. Chancellor George Osborne will publish his review on 25 November, setting out how the Government will invest in priority public services and deliver the US$31 billion further savings required to eliminate Britain’s deficit by 2019-20. FTA says the UK economy’s reliance on freight means investing in the s
    Read More

Highlighted Content