Alexander & Baldwin Partners With Carbon Lighthouse To Reduce Energy Consumption At Commercial Real Estate Properties

Alexander & Baldwin, Inc. (A&B) (NYSE:  ALEX) has teamed up with Carbon Lighthouse, a pioneer in Efficiency Production, to dramatically reduce the energy consumption of three well-known Oahu commercial properties, continuing A&B's commitment to enhancing local communities and supporting sustainability throughout the state. Following a successful energy efficiency pilot last summer, A&B selected Carbon Lighthouse to implement its data-driven energy savings process at Pearl Highlands Center, Kaka`ako Commerce Center and Manoa Marketplace. The energy efficiency initiatives are expected to result in a lifetime reduction of more than 9,700 tons of carbon, equivalent to conserving over 22,600 barrels of oil.  

"At A&B, we prioritize energy efficiency as part of our broader strategy to enhance value," said Kit Millan, vice president of asset management for A&B Properties. "We're pleased with the outcome of our pilot with Carbon Lighthouse, which gave us technical data on our energy usage and proved that we can lower energy costs and be responsible stewards of our environment. We look forward to continuing our work with them."   

The properties will undergo a series of performance upgrades to their lighting, heating and cooling systems designed to deliver occupant comfort more efficiently. Carbon Lighthouse engineers will design advanced controls that make the buildings more responsive to changing user needs, inevitable shifts in equipment performance, as well as weather conditions. Because buildings are dynamic and equipment performance degrades over time, the Carbon Lighthouse engineers will continually monitor each property to identify variances and take corrective action, ensuring that A&B and its tenants realize long-term and guaranteed energy savings. A&B plans to expand the efficiency program to other commercial properties in its real estate portfolio, with the Kahului Office Building on Maui scheduled next, to achieve even greater financial and environmental benefits. 

"We're excited to be working with a progressive business leader like A&B to reduce energy usage at their properties, provide cost savings and increase real estate value," said Brenden Millstein, chief executive officer of Carbon Lighthouse. "As a mission-driven company, our goal is to eliminate the 20 percent of global emissions caused by wasted energy in buildings and we're inspired by Hawaii's 100 percent clean energy goal. By prioritizing efficiency across the state, we can reduce energy use and hopefully help Hawaii achieve its goal faster." 

Through its process called Efficiency Production, Carbon Lighthouse goes deep into buildings to uncover and continuously correct hidden and scattered inefficiencies, and proactively optimizes the controls governing the building equipment. Using its proprietary software platform, CLUES ®, Carbon Lighthouse engineers deploy hundreds of sensors in buildings to collect fifteen distinct types of performance data. Using this data, Carbon Lighthouse models hundreds of energy scenarios to arrive at the most financially beneficial solution for each individual building, which includes on-site renewable energy opportunities when possible. 

Alexander & Baldwin | www.alexanderbaldwin.com

Carbon Lighthouse | www.carbonlighthouse.com