Green Biologics has closed its B round at $25m following investment from Sofinnova and Swire, and will now focus on it commercialisation efforts.

That the GIB has formed such an extensive partnership across boundaries and with different corporations and investment groups with varying objectives and approaches to clean-tech is positive.

Energy technology company Utilidata is reported to have raised $20.5m funding from Saudi Aramco Energy Ventures and Formation 8.

Veolia Environnement and LADEC, a development agency for the Lahti region of Finland, launch the Nordic Innovation Accelerator to fast-track Nordic cleantech companies into international markets.

Energy storage systems company Stem raises $15m series B funding from investors including GE Ventures and Iberdrola, to back its expansion into the rapidly growing energy storage market.

Innogy Venture Capital sells 20% stake in Voith Hydro Ocean Current Technologies, maker of tidal turbine technology, to the majority shareholder Voith Hydro.

Battery manufacture Solicore closes a $4m round of funding led by New Science Ventures.