New Los Angeles office to help more local commercial and industrial building owners turn energy waste into guaranteed financial value
LOS ANGELES, (PRNewswire) – Carbon Lighthouse, a clean energy services company, has opened a regional office in Los Angeles. The initial staff includes engineering, sales and marketing roles who will focus on enhancing the company’s technical and business development capabilities to scale Efficiency Production to more commercial and industrial building owners in Southern California. This includes an emphasis on Los Angeles, which is the number one market in the Americas for real estate investment, according to CBRE. This is the fourth Carbon Lighthouse office, after San Francisco, New York and Honolulu.
“We are inspired by Los Angeles’ leadership in supporting the success of the historic Paris Climate Agreement through aggressive clean energy goals,” said Brenden Millstein, CEO and Co-founder at Carbon Lighthouse. “One of the best ways to achieve net zero emissions in Greater Los Angeles is by making it very profitable for building owners to eliminate carbon emissions from wasted energy.”
Los Angeles continues to lead the nation on its dedication to climate change with Mayor Eric Garcetti putting the city on track to achieving a 45 percent reduction in greenhouse gas emissions by 2025, becoming the number one solar city in the United States and committing to net zero carbon emissions by 2050. This makes it an ideal locale for increased Efficiency Production — Carbon Lighthouse’s unique, data-driven approach to turning building energy waste into guaranteed revenue, which boosts net operating income to increase overall asset value.
Since 2014, Carbon Lighthouse has worked in nearly 100 buildings from Los Angeles to San Diego, including commercial office buildings, hotels and K-12 educational institutions. Some local clients include Rising Realty Group, Kilroy Realty Corporation, Ohana Real Estate Investors and Aspire Public Schools, among others. To date, Carbon Lighthouse has eliminated the equivalent carbon emissions of 1.5 million gallons of gasoline while driving significant guaranteed financial value for clients.
“When we acquire a building, one of the first things we do is assess its overall efficiency — financially, technologically and environmentally,” said Chris Rising, Co-Founder & CEO of Rising Realty Partners , which currently is engaged in a pilot project with Carbon Lighthouse at a large commercial property in downtown Los Angeles. “By partnering with Carbon Lighthouse, we’re able to collect data and analytics on an asset’s energy usage, identify hidden inefficiencies and potential solutions and implement the best solution to improve and drive real financial value — while improving environmental performance.”
Across the United States, Carbon Lighthouse estimates the value of Efficiency Reserves at up to 55 percent of each building’s energy, which is worth over $100 billion every year — more than twice the cash value of the U.S. strategic petroleum reserve. The company helps building owners tap into these reserves through Efficiency Production by deploying dozens of sensors throughout a building to collect thousands of original thermodynamic data points — from air and water temperature and flow rates in HVAC (Heating, ventilation, and air conditioning equipment), to lighting and occupancy. Supplementing this with utility, weather and other available data, Carbon Lighthouse uses its proprietary CLUES® software — recently honored by Fast Company as a “World Changing Idea” — to model thousands of energy scenarios and optimize existing equipment to arrive at the most financially and environmentally beneficial solution. Carbon Lighthouse guarantees the real dollar value of its estimated energy savings by continuing to stay engaged with the property and its on-site teams and ensure the energy efficiency measures persist in the long term. This translates into sustained building financial value and increased tenant comfort.
About Carbon Lighthouse
Carbon Lighthouse is on a mission to stop climate change by making it easy and profitable for building owners to eliminate carbon emissions caused by wasted energy. Their unique approach to Efficiency Production goes deep into buildings to uncover and continuously correct hidden inefficiencies that add up to meaningful financial value and carbon elimination that lasts. Since 2010, commercial real estate, educational, hospitality and industrial customers nationwide have chosen Carbon Lighthouse to enhance building comfort, increase net operating income and achieve their sustainability goals. For more information visit: www.carbonlighthouse.com.