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Other articles in the issue

• KBS Accelerates Focus on Environmental, Social and Governance Initiatives; Appoints Manager to Oversee the Firm's ESG Commitments

  KBS, one of the largest investors in commercial real estate, announces that the firm has strengthened its focus on environmental, social and governance by establishing a dedicated Green Team and appointing a new ESG manager. Apaulo Malloy will direct KBS' ESG efforts as a proactive strategy to drive the firm toward a sustainable future.

• Yotta Energy Brings Total Series A to $16.5 Million and Secures $1.97 Million Award to Deploy Solar + Storage Microgrid at Nellis Air Force Base

  As oil and gas prices continue to rise the world needs more alternative energy sources that increase resiliency and decrease dependence on fossil fuels. Yotta Energy, a leader in intelligent energy storage technology for the rooftop commercial and industrial (C&I) market, has raised an additional $3.5 million, including a strategic investment from inverter OEM partner APsystems, bringing its total Series A investment to $16.5 million. Additionally, ESTCP awarded Yotta $1.97 million for a new solar + storage microgrid project at Nellis Air Force Base in Las Vegas, Nevada. With this funding Yotta will accelerate the scaling of its panel-level solar-plus-storage system, develop new technology, and increase its headcount.

• SWTCH Raises $13 Million to Provide Equitable Access to Electric Vehicle Charging Infrastructure in Communities Across North America

  SWTCH Energy Inc. has closed $13 million USD in new financing to expand its electric vehicle (EV) charging solutions to multi-family buildings across North America, with an emphasis on serving the transition to electrified transportation for market-rate and low-to-moderate income (LMI) communities. The new capital includes a $10 million USD Series A round led by the venture capital arm of Aligned Climate Capital and a $3 million USD credit facility from Silicon Valley Bank. Additional Series A investors include Landmark Management Inc., Elemental Energy, IBI Group, Active Impact Investments, and Pacific Reach.

• First look: Zeno Power raises $20 million in Series A

  Zeno Power, a developer of advanced power systems that use radioisotopes, has raised a $20 million Series A funding round led by Tribe Capital, the company first told Axios.

  Why it matters: The startup is aiming to scale up the production of small-scale nuclear batteries that can power spacecraft and undersea technologies for years.

• Carbon Removal Pioneer Climeworks Raises $650 Million To Grow Faster

  Climeworks, a leading player in the field of carbon removal technology, has recently announced an equity round of $650 million. This marks a major milestone in the carbon removal industry and the future trajectory of Climeworks as a company. The news comes hot on the heels of the company’s deals with Zendesk and with the acquisition of new customers (like BCG & Rothesay) earlier this year.