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 21, 2016
    Caltrans takes the long view of transport
    Caltrans’ Malcolm Dougherty took time out of his schedule at ITS America 2016 in San Jose to talk to ITS International about current and future challenges. As director of California Department of Transportation (Caltrans) since mid-2012, many would say that Malcolm Dougherty has one of the best jobs in transportation. Caltrans is one of the most progressive and innovative transport authorities, implementing policies to encourage cycling, piloting new
    Read More
  • June 8, 2015
    Mature solutions for emerging economies
    Siemens’ Marcus Welz talks to David Crawford about suitable ITS solutions for emerging economies. Be bold in vision - and output - and user-oriented in practice,” Marcus Welz advises emerging economies planning ITS investments. Says the Siemens Group senior vice president and global sales director for ITS: “Their road users need better, more reliable and safer trips – but without costs increasing too much. The good news is that many countries are already tackling the big issues of traffic and the environmen
    Read More
  • December 4, 2012
    Report identifies opportunities for road freight carbon and cost reduction
    Switching from diesel to gas, reducing rolling resistance and aerodynamic drag and introducing more hybrid and electric vehicles are identified as key opportunities for further cutting carbon and improving efficiency in the road freight sector, according to a new report commissioned by the Transport Knowledge Transfer Network (TKTN) and the Low Carbon Vehicle Partnership (LowCVP). The report, written by Ricardo-AEA for the project partners, focuses on the key technical opportunities, and identifies options
    Read More
  • June 5, 2020
    Panasonic gets connected on The Ray
    A stretch of rural Georgia highway called The Ray is a particularly useful testbed for V2X technology. Panasonic’s Chris Armstrong tells Adam Hill what’s so special about it
    Read More

Highlighted Content