Swedish scaleup Flower wins TECH5 — the ‘Champions League of Tech’

Jun19
by on June 19, 2025 at 10:30 am
Posted In: Insider


Swedish energy tech pioneer Flower has won TECH5 — the “Champions League of Technology.” The company clinched the title of Europe’s hottest scaleup after developing a novel way to store energy and stabilise the grid. Flower works with clients running battery storage systems — including EV fleets, home batteries, solar parks, and data centres — to push power back into the grid when demand spikes. The Stockholm-based business applies its software platform to portfolios of energy assets, uncovering insights that guide storage and management strategies. This improves predictability and flexibility for both energy producers and consumers. The result is a more balanced…

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AI as ‘socially vital’ as water and energy, say UK execs

Jun18
by on June 18, 2025 at 3:06 pm
Posted In: Uncategorized


Without water, the average human would die after about five days. Without energy, our society as we know it would collapse. But what about a world without AI? According to British business leaders, the consequences would be equally catastrophic. A new report by London-based software firm Endava, surveying 500 entrepreneurs, found that two-thirds of respondents rank AI as socially vital — on par with water and electricity. A whopping 93% of the respondents want industry and government to implement AI as fast as possible. Meanwhile, 84% of say they use AI as a “companion” or conversation partner at least once…

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AI warfare push makes Helsing one of Europe’s 5 most valuable tech firms

Jun17
by on June 17, 2025 at 4:09 pm
Posted In: Uncategorized


Munich-based defence tech startup Helsing has raised €600mn as geopolitical tensions trigger a flood of capital into AI warfare. The large investment was led by Spotify CEO Daniel Ek’s VC firm Prima Materia. It brings the company’s total raised to north of €1.3bn, building on a €450mn funding round in July last year.  Helsing didn’t disclose its updated valuation. However, according to the Financial Times, the unicorn company is now worth €12bn, making it one of Europe’s five most valuable private tech companies.  Prima Materia was one of Helsing’s earliest backers — a move that sparked boycotts among artists on…

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Artificial solar eclipse engineered in Europe offers new look at Sun

Jun16
by on June 16, 2025 at 2:30 pm
Posted In: Space


Two satellites equipped with European tech have delicately pulled off an artificial solar eclipse — giving scientists unmatched views of the Sun’s scorching corona. The European Space Agency (ESA) developed the probes alongside more than 40 space tech firms. Among them are a trio of startups, which contributed several key technologies for the mission: sensors for solar tracking, light detectors to fine-tune positioning, and software that orchestrated the satellites’ intricate flight path. Launched from India’s Satish Dhawan Space Centre last year, the expedition — Proba-3 — could mark a new era for solar science. The Sun’s inner corona, coloured artificially…

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Opinion: Space startups are pivoting to defence. That’s great for innovation

Jun13
by on June 13, 2025 at 6:00 am
Posted In: Insider


A few months ago, at the SmallSat Symposium, a panel issued a sobering warning to space startups: do not chase defence dollars at the expense of long-term sustainability. Why? Because companies, particularly in the space sector, might be tempted to follow the money rather than focus on producing valuable products and services with broader, longer-term applications. It’s of course true that any company should be wary of “leaning in” too closely to what seem like passing fads. But the warning overlooks an important reality: the shift towards defence investing is not a trend. It’s a transformation in space and space…

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