About Us

Frugal Technologies is committed to making products that boost performance, using the equipment you already have. Our goal is to improve yield and curb emissions, using mathematical modelling and machine learning.

We want to reduce your bunker bills

If you think Frugal Propulsion is the thing for you – it probably is! Call or write us an e-mail – or maybe come visit. It is good to talk.

About Frugal Technologies ApS

Frugal Technologies ApS is a team of three entrepreneours from very different but powerfully complementary backgrounds.

Lars Stoustrup is the inventor of the Frugal math engine that does the number crunching behind the fuel savings. He is a computer scientist with lots of both programming and management experience from the IT sector – particularly when it comes to numbers and IT security.

As marine architect and co-owner of Hauschildt Marine A/S, Peter Hauschildt is a long time entrepreneur in the Danish maritime business. His knowledge about vessel design and energy savings is widely respected among shipowners and vital to the success of Frugal Technologies ApS as a business.

Our financial expert is Mikkel Elsøe. He is the financial architect behind Frugal Technologies, having lots of experience from the banking sector as well as international trading. He currently co-owns and operates Zolo International Trading while helping Frugal Technologies in financial matters.

Frugal Technologies ApS is also co-owned by our investor Borean Innovation that specializes in boosting highly innovative companies – just like ours.

If you think Frugal Propulsion is the thing for you – it probably is! Call or write us an e-mail – or maybe come visit. It is good to talk.

Our Commitment

We have already proven it is possible for ship owners to save considerably on fuel expenses, using our method. That, in turn, saves the enviroment from an equally large amount of CO2 emissions, making Frugal Technologies a driver for a better tomorrow.

The International Maritime Organisation is fielding new requirements, as are many other institutions, all intended to help limit global warming. We want to help you meet those requirements.