Emerson invests in Frugal Technologies
The global leader in automation technology and software and Fortune 500 company, Emerson, has completed a strategic investment in Frugal Technologies, a Danish-based company specializing in fuel optimization in shipping fleets. Plesner has acted as lead counsels for Emerson on all legal matters connected with the transaction.
Emerson is a global technology and software Fortune 500 company providing innovative solutions for the world's essential industries, through its leading automation portfolio, Emersons helps their customers reduce emission and achieve their sustainability goals.
Frugal Technologies is a Danish-based company specialized in fuel optimization and propulsion technology which reduces energy use and emissions in shipping fleets. Frugal Technologies' cloud-based propulsion software, powered by AI, collects data on weather, cargo load, and propulsion, crafting precise engine models for ships. Frugal Technologies estimates its propulsion solutions can achieve fuel savings of up to 15%, significantly reducing carbon footprint.
The investment aligns with Emerson's commitment to fuel management, propulsion control, and optimization expertise within Emerson's marine systems and solutions business. Further, Frugal Technologies' mission accompanies Emerson's commitment to drive innovation that supports their customers on their sustainability journey.