Cox Enterprises recently announced that it invested $20 million in Carbon Lighthouse, a company that helps commercial building owners reduce their energy costs and environmental footprint with no upfront cost.
The investment in Carbon Lighthouse is part of Cox Enterprises’ broader strategy to build a multi-billion-dollar business that addresses sustainability challenges, while also driving profitability, topline growth and diversification of its business.
Carbon Lighthouse uses its proprietary technology to analyze new sources of building data to uncover hidden inefficiencies and deliver the most profitable energy solution for each unique building through its ongoing service. The technology and expertise offered by Carbon Lighthouse also enables building owners to contribute to global efforts to reduce carbon emissions. The US Green Building Council has estimated that buildings account for 39% of carbon dioxide emissions in the United States.
Since 2007, Cox Enterprises has invested more than $350 million in sustainable businesses and technologies, and it is the largest investor in Carbon Lighthouse.