Our Outlook – May 2026

Welcome to our March Edition! We had our first NovAzureʼs first AI and sustainability webcast, building on the launch of our latest whitepaper on the same theme.

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NovAzure’s growing presence in Europe was on full display this month. Christopher Gruen, Managing Director and the driving force behind NovAzure’s expansion into Germany, co-hosted the Port Innovators Series in Hamburg alongside Oliver Risse at onenorth, our first co-hosted international event.

The setting was memorable. Four innovators, including Fleetboost, K2 Mobility, passify and Elonroad, pitched at the Dialoghaus Hamburg in the heart of the Speicherstadt, in complete darkness. It made for an unusual and genuinely energising evening.

The following day brought a visit to one of Hamburg Port’s busiest container terminals, where the team watched an electric reach-stacker being charged live in operation. A small but powerful illustration of what port decarbonisation looks like in practice, not in a presentation, but on the ground.

Ports sit at the intersection of everything the transition needs to get right: fleets, energy, logistics, infrastructure and cross-sector collaboration. Being in Hamburg, engaging with that ecosystem directly, reinforced why expanding NovAzure’s international network is central to what we do.


Jean-Jacques Jouanna, Philip Cholerton and Ella Craggs were at Data Centre LIVE in London — one of the most telling snapshots yet of where AI infrastructure is heading and what it means for the energy transition.

“Investments in AI and data centres are rocketing, with expected spend in the outer years now double what was planned just a year ago. The power gap is becoming the big issue, and this shows that, more than ever, pulling every lever to make data centres greener is an absolute must.”

The numbers confirm what the direction of travel has been suggesting for some time. The AI and sustainability conversation is no longer theoretical.


NovAzure was also at All-Energy 26 in Glasgow. An event that has evolved from its offshore oil and gas roots into one of the leading gatherings for renewable energy, hydrogen, electrification and grid innovation. Andrew Aldridge represented NovAzure at what is fast becoming one of the most important policy and innovation forums in the UK energy calendar.

Over the years, it has adapted to the changing energy marketplace and embraced Scotland’s unique position as a hub for innovation and adoption of renewable energy, hydrogen, electrification of vehicles and batteries, through to the smart, flexible development of electricity grids and a move to decarbonise domestic and industrial heating.”

Scotland’s journey from oil and gas hub to renewable pioneer is one of the most compelling stories in the transition right now, and one NovAzure is watching closely.


COP30 Ended. Colombia Changed the Conversation. Iran created the urgency.

For years, climate conferences have often struggled with a genuine sense of urgency. The science was urgent, but politically and economically many governments still behaved as though there was time.

That changed in Santa Marta, Colombia. Shortly after COP30, more than 50 countries came together to discuss something previous COP negotiations often carefully avoided: how the world actually transitions away from fossil fuels in practical, economic and geopolitical terms. Not simply net zero targets. Not simply renewable ambitions. But the mechanics of reducing dependency on oil, gas and coal itself.

What made the event particularly fascinating was the host. Colombia is itself an oil-producing economy, and that gave the summit credibility.

And ironically, it may have been the Iran crisis that created the very urgency climate diplomacy had struggled to establish for decades. Suddenly the transition discussion was no longer only about future generations or carbon targets. It became about inflation, energy security, shipping routes, industrial resilience and national sovereignty.

As my dear late father used to say, there is always a silver lining.

Read the full article on the NovAzure website: The Summit Nobody Noticed

What We Are Seeing With Our Clients

A new McKinsey study examined over 11,000 cleantech companies and found something our team has seen firsthand: commercial discipline, not just innovation, is what separates the winners. Whatever the macro backdrop, this is a theme we keep coming back to. The era of selling green on ideology alone is over.

The cleantech companies that will win the next decade are those that figure out how to be cheaper, faster, and better, while making sustainability a competitive lever, not a cost centre. Total cost of ownership, risk reduction, supply chain resilience, long-term offtake potential. Not green premium. Real ROI.

The hard questions are no longer about whether the technology works. They are about whether the business model does.

If you are working through these questions, Woon-Hui would be happy to share what she is seeing. Reach out.


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