Global automation technology and software company, Emerson, has announced it has made a strategic investment in Denmark-based Frugal Technologies.
In a statement issued today (20 November), Emerson said the investment in Frugal, which offers fuel optimisation technologies that reduce energy use and emissions in shipping fleets, aligns with its fuel management and propulsion control and optimisation expertise in its marine systems and solutions business.
Frugal’s cloud-based propulsion optimisation software uses AI technology to collect data related to dynamic conditions such as weather, cargo load and propulsion and develop optimal engine models for ships. The company estimates its propulsion solutions generate savings of up to 15% in fuel consumption.
‘Our propulsion solution supports two critical pain points in the market: optimizing energy use to reduce fuel costs and helping ship owners comply with more stringent emissions targets,’ said Peter Hauschildt, co-founder and chief executive officer of Frugal Technologies.
‘Our fuel optimisation technology complements Emerson’s marine expertise and automation portfolio, and together we are well positioned to help fleet performance leaders better manage their fuel costs and meet their sustainability targets.’
Jon Stokes, group president of Emerson, added: ‘Frugal Technologies’ mission aligns very well with our commitment to drive innovation that supports our customers in their sustainability journey. Our shipping customers demand the best fuel consumption measurements and data available to make better, more informed decisions, and Frugal, combined with our technologies, provides an unparalleled value proposition for fuel optimisation.’