NovAzure News & Deals Weekly Selection – Week of 19 May 2025

Stay informed with the latest developments shaping the future of sustainability, energy, and tech. From major green investments and breakthrough hydrogen projects to AI-powered climate platforms and EV infrastructure milestones — here’s a roundup of this week’s most impactful news and deals across the sector.

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Stay informed with the latest developments shaping the future of sustainability, energy, and tech. From major green investments and breakthrough hydrogen projects to AI-powered climate platforms and EV infrastructure milestones — here’s a roundup of this week’s most impactful news and deals across the sector:

Net Zero/Sustainability Key Industry News

EU Deforestation Regulation: EU accused of ‘favouritism’ in country risk taxonomy – edie

The EU is facing criticism over how it classifies countries by deforestation risk under the new EUDR, with claims of political bias in supply chain risk scoring.

Disclosures without direction: Why a lack of executive accountability undermines corporate climate pledges

Many companies are issuing climate disclosures without internal structures to enforce or govern them, creating a credibility gap in sustainability strategy.

Extreme weather now costing European agriculture €28bn a year, research finds

Climate change–driven extreme weather is costing EU agriculture €28 billion annually, threatening food systems, rural economies, and land-use resilience.

EnergyAustralia withdraws carbon offset product amid greenwashing allegations

EnergyAustralia has pulled its carbon offset-backed retail energy product following scrutiny and allegations of misleading climate claims.

Investors go quiet on climate resolutions, but press for AI governance

​​Institutional investors are showing less public support for climate resolutions this AGM season, while shifting attention to AI governance and tech risk.

Net Zero/Sustainability Key Deal News

Satellites, robots and drones awarded share of £42m Ofwat Innovation Fund – edie

Ofwat’s innovation fund has awarded £42M to projects including robotic, satellite, and AI-driven monitoring tools to improve the UK’s water infrastructure.

€200m deal to ease low-carbon technology adoption for Europe’s SMEs

A €200M finance package (from EIB and private partners) will support small and mid-sized companies across Europe in adopting low-carbon technologies and accelerating net zero strategies.

“Power of fungi” – Norwegian startup NoMy raises €1.25 million to scale its sustainable protein alternative

Norwegian startup Nomy raised €1.25M to scale a mycelium-based protein alternative using fungi, targeting low-resource food production for climate-conscious consumers.

Spanish startup Catalyxx secures €3 million to boost its sustainable chemicals R&D centre

Catalyxx, a Spanish startup, raised €3M to expand its R&D centre, developing sustainable chemical processes and feedstocks with reduced fossil dependency.

Data Centre Key Industry News

Six more European providers join Virt8ra Sovereign cloud offering – DCD

Six EU-based cloud providers have joined the Virtu8ra initiative, aiming to offer sovereign, GDPR-compliant, and energy-efficient cloud services across Europe.

Penta Infra data center in Netherlands to supply waste heat to heating network – DCD

Penta Infra’s Dutch data centre will supply waste heat to a local heating network, showcasing a circular approach to digital infrastructure.

OVH launches first Italian data center in Milan – DCD

French cloud and hosting firm OVHcloud has opened its first Italian data centre in Milan, enhancing its Southern Europe footprint.

Data Centre Key Industry Deals

French quantum startup Quobly raises €21m for development of 100 qubit chip – DCD

Quobly raised €21M to accelerate R&D of its 100-qubit silicon-based quantum processor, targeting European leadership in quantum hardware.

On-orbit computing startup Sophia Space raises $3.5m, promises orbital data centers – DCD

Sophia Space raised $35M to develop on-orbit computing, envisioning orbital data centres for low-latency, energy-efficient data processing.

New firm Polarnode plans data center campuses across Finland – DCD

PolarNode plans to develop multiple energy-efficient data centre campuses in Finland, leveraging the region’s cool climate and green energy.

Hydrogen Key Industry News

Port of Amsterdam and Newfoundland & Labrador plan for green hydrogen corridor | Policy | H2 View

The Port of Amsterdam and the Government of Newfoundland and Labrador are partnering to establish a transatlantic green hydrogen corridor, aimed at large-scale hydrogen trade into Europe.

Hydrogen bus delivers industry leaders to Westminster in £6.5bn HySpeed push | Policy | H2 View

As part of the £6.5 billion HySpeed initiative, hydrogen industry leaders arrived at the UK Parliament in a hydrogen bus to urge policy and investment support for UK H₂ mobility infrastructure.

Mitsui OSK updates on hydrogen-powered passenger ship after year of service | Mobility | H2 View

Mitsui OSK shared operational learnings from one year of running a hydrogen-powered passenger ferry, highlighting feasibility, efficiency, and scaling challenges.

Repsol produces hydrogen from biomethane at Cartagena plant | Power | H2 View

Repsol has begun producing hydrogen from biomethane (renewable gas) at its Cartagena refinery, reducing lifecycle emissions vs fossil-derived H₂.

Hydrogen emission data is ‘blind spot’ for industry’s decarbonisation potential | Technology | H2 View

Experts warn that the hydrogen sector lacks transparent data on H₂ emissions and leakage, potentially undermining its full climate mitigation potential.

Air Products fuels Dutch superyacht Breakthrough with liquid hydrogen | Mobility | H2 View

Air Products is supplying liquid hydrogen for the world’s first superyacht powered by hydrogen, marking a breakthrough in luxury maritime decarbonisation.

Hydrogen Key Deal News

ZeroAvia to build manufacturing hub in Scotland | Aerospace & Aviation | H2 View

ZeroAvia, a leader in hydrogen-electric aviation, will establish a new manufacturing hub in Scotland to produce propulsion systems for commercial aircraft.

Swedish startup Plagazi locks in €29.5 million EU grant to turn waste into hydrogen

Swedish cleantech firm Plagazi has secured a €29.5M EU grant to scale its patented process converting non-recyclable waste into green hydrogen, aiming to close industrial loops.

Energy Storage Key Industry News

8 in 10 industrial businesses want to increase energy efficiency investments – edie

New research shows strong momentum across industrial sectors to boost energy efficiency in the face of cost pressures and net-zero targets.

Grangemouth: Workers retrain in clean energy as investors compete for oil refinery takeover – edie

As buyers circle the Grangemouth oil refinery, workers are being retrained for clean energy roles, showing active just transition implementation.

​​ABB introduces Battery Energy Storage Systems-as-a-Service to simplify renewable energy adoption

ABB launches a BESS-as-a-Service model to provide flexible, cost-efficient access to battery storage, supporting renewable energy integration without upfront capex.

China’s battery giants target EV and air taxi revolution with solid-state tech

Leading Chinese battery manufacturers are investing in solid-state battery technology aimed at high-performance EVs and electric vertical take-off and landing (eVTOL) aircraft.

Energy Storage Key Deal News

Germany’s trawa lands €24M to help European businesses slash energy costs – Silicon Canals

Berlin-based Trawa raised €2.4M to expand its AI-driven energy purchasing platform for SMEs, helping optimise costs and reduce emissions through green energy sourcing.

Startup unveils next-gen battery breakthrough that could take electric vehicles to next level: ‘Absurd levels of performance’

A stealth-mode startup claims to have achieved a battery chemistry leap offering ultra-high energy density, potentially transforming EV range and performance.

Built Environment Key Industry  News

Miliband must firm up home energy efficiency plans to make up for ‘disastrous lost decade’, say MPs – edie

UK MPs are urging stronger, clearer plans from the Labour Party on home energy efficiency, citing a decade of stagnation and the need for rapid retrofit acceleration.

Barratt London commits to Passivhaus standards for new homes – edie

Barratt London, a major UK developer, will adopt Passivhaus energy standards across new housing developments, targeting ultra-low energy consumption and future-proofed compliance.

Built Environment Key Deal New

UK’s Converge raises €20M from Amsterdam’s Move Energy, ABN AMRO, others to clean up concrete’s carbon footprint – Silicon Canals

Converge, a UK-based start-up, secured €20M to expand its sensor-based platform that provides real-time emissions and curing data on construction sites.

EV & EV Charging Key Industry News

Charging electric vehicle batteries 5x faster in subfreezing temps

New research reveals methods to dramatically improve EV battery charge rates in subzero conditions, overcoming a major barrier to cold-weather electrification.

Government hears electric van challenges first-hand from fleets

Fleet operators have presented UK policymakers with the barriers they face in transitioning to electric vans, including infrastructure gaps, TCO uncertainty, and limited vehicle availability. The discussion aims to inform future support mechanisms and regulatory frameworks.

EV & EV Charging Key Deal News

GDI raises additional $11,5 million to scale up EV battery anode production

GDI, a battery materials company, secured $115M to scale its silicon-dominant anode technology, aimed at boosting EV range and charge speed.

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