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LACI Advances City Climate Innovation Challenge for Zero Emissions Delivery with New Grant from The Rockefeller Foundation

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$500,000 Funding Supports Technology, Business Model, and Policy Pilot Projects to Reduce Congestion and Pollution, While Strengthening the American Economy and Entrepreneurship

9 U.S. cities in CA, FL, KY, NY, PA, OR, and D.C. participating, representing 1 in 6 Americans

LOS ANGELES, Feb. 20, 2025 /PRNewswire/ — The Los Angeles Cleantech Incubator (LACI) announced today that it has received a $500,000 grant from The Rockefeller Foundation to support LACI’s City Climate Innovation Challenge (Challenge) for Zero-Emissions Delivery (ZED Challenge), a first-of-its-kind initiative designed to help cities pilot new innovations, develop partnerships to scale them, and create good-paying jobs–all while strengthening the American economy and entrepreneurship.

The inaugural Challenge, formally launched in January 2024, focuses on reducing congestion and pollution from the exploding e-commerce and goods movement sectors. The anchor partner cities of Los Angeles, Pittsburgh, and Santa Monica, are joined by Louisville, KY; Miami-Dade County, FL; New York City, NY; Oakland, CA; Portland, OR; and Washington D.C. The local governments’ combined metropolitan populations represent 55 million people–one in every six Americans–creating a bold market signal for zero-emissions delivery.

“Thanks to The Rockefeller Foundation, LACI will help US cities reduce emissions and grow the local economy by tapping into the best of American climate entrepreneurship and innovation for advancing zero-emissions goods movement,” said Matt Petersen, President and CEO of LACI. “The Rockefeller Foundation’s support could not come at a more important time to help cities and entrepreneurs continue to innovate and lead.”

These cities have some of the most congested roadways in the world–New York, Los Angeles, Miami, and Washington D.C. all rank in the top ten U.S. cities with the worst traffic. This congestion increases vehicle emissions, negatively impacting the public health, particularly among frontline communities.

City-scale action across the building, transport, and waste sectors can contribute 3.7 gigatons (Gt) of global greenhouse gas (GHG) emissions reductions by 2030, according to a 2019 study by LACI, C40 and PwC. Through disruptive innovation and new technologies, LACI can target an additional 1.3 Gt of GHG reductions.

Support from The Rockefeller Foundation will enable LACI to further scale the ZED Challenge by supporting pilots with: 

Electric vehicle (EV) charging infrastructure innovations to support medium and/or heavy duty delivery vehicles;Last-mile delivery innovations (e.g., as e-cargo bike deployment,  curb management solutions, or parcel lockers); andDeveloping policy for an indirect source rule (ISR), which aims to reduce pollution from warehouses and trucks.

“LACI has a proven track record of empowering local governments and nearly 500 startups to bring decarbonization technologies — and more than 2,500 jobs — to communities across the United States,” said Maria Kozloski, Senior Vice President at The Rockefeller Foundation. “We are proud to support the City Climate Innovation Challenge, which is sparking opportunities that will help cities reduce emissions and create new jobs, thereby benefiting millions of Americans.”

The City Climate Innovation Challenge aims to help cities better invite and scale solutions needed to accelerate equitable climate action. Building on its unique model for piloting and scaling solutions with cities, LACI launched the inaugural ZED Challenge in 2024 in partnership with Climate Mayors and C40.

“For the health of New Yorkers, and especially our youngest, we must put major polluters in the driver’s seat to clean the air and reduce asthma rates in neighborhoods.  And it must be done in a way that works for industry and community,” said New York City’s Deputy Mayor for Operations, Meera Joshi. “To walk such a fine line requires deep expertise and funding, and for that we’ve been grateful to rely on the Los Angeles Cleantech Incubator and the ZED challenge. We are grateful for this partnership.”

“Climate work done right is no different from intelligent and responsible economic development.  Oakland aims to be a global climate business hub by 2035 — a goal that centers sustainable local wealth generation,” said City of Oakland Climate Program Manager Shayna Hirshfield-Gold. “Our partnership with LACI, with support from The Rockefeller Foundation, is helping us to deploy and expand on-the-ground infrastructure that will support blue-collar jobs and boost local delivery businesses, all while reducing air pollution in Oakland communities.”

The grant also strengthens LACI’s capacity to support additional cities in future Challenges.

ABOUT LACI:
The Los Angeles Cleantech Incubator (LACI) is creating an inclusive green economy by unlocking innovation through scaling cleantech startups, transforming markets through catalytic partnerships with policymakers, innovators, and market leaders in transportation, energy, and sustainable cities, like the Transportation Electrification Partnership, and enhancing communities through green jobs workforce training, pilots and other programs. Founded as an economic development initiative by the City of Los Angeles and its Department of Water & Power (LADWP) in 2011, LACI is recognized as one of the top 10 innovative business incubators in the world by UBI. LACI has helped 506 portfolio companies raise over $1 billion in funding, generated $344 million in revenue, and created 2,626 jobs throughout the Los Angeles region, with a long term economic impact of more than $733 million.

ABOUT THE ROCKEFELLER FOUNDATION:
The Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the well-being of humanity. Today, we are focused on advancing human opportunity and reversing the climate crisis by transforming systems in food, health, energy, and finance. For more information, sign up for our newsletter at www.rockefellerfoundation.org/subscribe and follow us on X @RockefellerFdn and LI @the-rockefeller-foundation.

Media Contact:

Cameron Edinburgh

213.647.1441

390541@email4pr.com

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SOURCE Los Angeles Cleantech Incubator

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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