Toronto, ON – 09:00 EST, November 10, 2025 – Parity, the leader in Remote HVAC Optimization, has released a new video case study detailing the success of its partnership with AvalonBay Communities, one of the country’s largest multifamily real estate investment trusts (REIT).
The partnership, which began with three communities in Midtown Manhattan and has subsequently expanded to comprise the majority of AvalonBay’s New York City portfolio, has already achieved more than $540,000 in savings, while reducing CO2 emissions by in excess of 1,000 tons.
“We are exceptionally proud of what we have accomplished with AvalonBay,” said Parity CEO, Brad Pilgrim. “As our partnership expands, we are confident that we can continue to deliver significant savings in terms of both dollars and emissions without compromising tenant comfort or satisfaction.”
Alex Heckman, Senior Director, Engineering East for AvalonBay, explained that the company was searching for a way to modernize its approach to HVAC in its New York properties.
“Here in New York we have these older, brick facade, steam, central plant systems, and it’s a big challenge to keep those systems running efficiently,” said Heckman.
However, AvalonBay wanted a solution that wouldn’t require it to rip out existing systems. “These properties are large, high occupancy, and energy intensive. A software-based approach to savings made a lot more sense than hardware overhauls,” said Heckman.
They were also seeking a partner with a particular focus on the multifamily sector and its unique requirements. “A lot of [companies] out there cater more to the hospitals, the pharmaceuticals, the industrials. And then I found Parity, which really caters to multifamily, which was refreshing,” said Heckman.
Thus began a pilot program of sorts in three of AvalonBay’s Midtown Manhattan properties—the two buildings that constitute Avalon Clinton and the building known as Avalon Midtown West. AvalonBay invested just under $280,000 in the service and has already achieved savings that double what was guaranteed by Parity.
In addition to those savings and the aforementioned reduction in carbon emissions, AvalonBay estimates that Parity’s platform has resulted in an additional $290,000 in Local Law 97 fine mitigations and $30,000 in demand response revenue.
Perhaps most importantly, these objectives have been achieved without impacting AvalonBay’s residents. “We still want to reduce energy consumption, but we can do that in a way that doesn’t sacrifice tenant comfort,” said Ryan Younis, former Senior Manager, Sustainability & Decarbonization at AvalonBay.
Moreover, AvalonBay anticipates that because the Parity service is continually refining and improving its HVAC optimization, additional efficiencies and advantages will be achieved in the future. “One huge benefit of Parity is the continuous and sustained improvement of the building operations. We expect the buildings to get better and better and be more efficient,” said Younis.
Parity’s service has also improved the quality of life for AvalonBay’s engineering and maintenance systems. By providing real-time updates on issues with HVAC systems, AvalonBay’s team can resolve problems before a resident complains or a work order is received.
AvalonBay aims to meet or exceed the decarbonization requirements set by New York City by 2030. According to Younis, Parity will be a crucial part of the company’s strategy for achieving those goals. “Parity’s main goal is HVAC optimization, but I see it as the full package to [decarbonize] our existing portfolio,” said Younis.
For all of these reasons, AvalonBay has significantly expanded its partnership with Parity. The REIT is currently utilizing Parity’s platform in 10 communities in Manhattan, with four Brooklyn communities and two Boston properties coming online in 2026; additional partnerships in Washington, D.C. are also on the horizon.
“Parity’s impact has been clear, and we see even greater potential ahead,” said Michael Simpson, Senior Regional Maintenance Director with AvalonBay. “As AvalonBay looks to the future, this partnership is helping us reimagine what sustainable living means for our portfolio of communities, our residents, and our teams.”
Watch the video here.
October 14, 2025 — Parity has been named a GlobeSt. 2025 Influencer in Multifamily Real Estate.
This recognition celebrates the top talent within the multifamily real estate sector. Recognized for their outstanding successes, the chosen Influencers stand out among their counterparts through solid track records, innovative approaches, and significant contributions to their company and/or the industry as a whole. This honor shines a spotlight on the influential professionals and organizations who help shape the multifamily scene and create lasting impacts on the industry.
The 2025 Influencers in Multifamily were selected by a panel of industry experts based on their professional accomplishments, how impactful their work has been, how dedicated they have been to furthering the industry, and how committed they have been to high ethical standards, service, and excellence.
“This year’s Multifamily Influencers reflect the dynamic forces reshaping the current housing market,” says Natalie Dolce, editor-in-chief of GlobeSt.com. “These honorees are pushing the industry forward—spearheading ambitious developments, advancing innovative housing solutions, and elevating standards for community-focused investment. The caliber of nominations underscores the sector’s remarkable depth of talent, and GlobeSt.com is proud to recognize those setting the pace for multifamily real estate now and into the future.”
The Parity team is honored to be a GlobeSt. 2025 Influencer in Multifamily – further highlighting our work in decarbonizing multifamily buildings by controlling and optimizing HVAC systems for maximum energy efficiency.
Brad Pilgrim, CEO and Co-founder of Parity, said, “It’s great recognition to have been named a GlobeSt. 2025 Influencer in Multifamily. The team has been working hard to transform how HVAC systems operate in multifamily buildings over the last several years. This is further proof we are leading the industry in what we do.”
To learn more about how Parity is transforming multifamily buildings, visit our website.
New White Paper on how Multifamily Buildings and Hotels can Save Energy and Generate Revenue Through Demand Response Events.
Toronto, ON – 09:00 EST, October 16th, 2025 – Parity, the leader in Remote HVAC Optimization, has released a new white paper showcasing how its service enables multifamily buildings and hotels to seamlessly participate in demand response (DR) events. What was once a manual, staff-intensive process can now be fully automated, transforming properties into grid-responsive assets that save time and energy, while also generating a new revenue stream for real estate owners.
With extreme heat intensifying and additional strain on the electrical grid from AI, data centers, and renewable power generation, the need for smarter buildings has never been greater. HVAC systems alone account for 35% of a building’s total energy use, the single largest operational load. Parity’s Optimizer service addresses this by connecting to existing HVAC systems or a building management system (BMS). It’s the same Optimizer service that also enables multifamily and hotel properties to participate in demand response events.
“We’re excited to release this white paper as it highlights the advancements we are making within the industry,” said Brad Pilgrim, CEO and Co-Founder of Parity. “Automating demand response turns what was once a reactive, manual process into a seamless, high-value capability. As grid pressures mount, the ability to intelligently reduce HVAC load without sacrificing comfort is more than a nice-to-have; it’s becoming essential. Parity is proud to continue to innovate and lead, showing how smarter grid-responsive buildings can deliver both financial and environmental returns.”
On DR events, Molly Jerrard, Head of Flexibility at Enel North America, explained that “The electric system always has to be in balance.” Jerrard noted that, “There always has to be enough supply to meet demand. And demand response historically has [involved] paying energy users to shut down during times of peak stress. Because, in a very basic economic equation, a negative megawatt of demand has the same impact as a positive megawatt of supply on the electric system.”
However, DR events have previously been challenging for multifamily buildings and hotels. Staff were required to manually adjust HVAC systems, a process that was often unreliable and largely avoided to protect occupant comfort. As a result, many of these properties were effectively excluded from DR programs.
With a steady increase in DR events every year, the need to react manually becomes increasingly problematic. Ali Shehu, Resident Manager at 525 West 52nd Street in Manhattan, described the experience: “Before Parity came in, we had to shut everything off manually.” Shehu noted that often this process meant that 525 could only partially participate in an event, showing up late if it arrived at all.
Parity’s AI-driven HVAC optimization service, Optimizer, is positioned to help buildings evolve into Grid-Interactive Efficient Buildings (GEBs). GEBs allow dynamic interaction with the grid, enabling HVAC systems to change energy usage to off-peak times, lower utility costs, cut emissions, and participate in demand response programs. With Parity, this is done automatically and without compromising occupant comfort.
In 2024, Parity-enabled buildings realized over $250K in revenue from DR events across 30 properties, and with more than 60 buildings enrolled for 2025, those revenues are projected to rise significantly.
James Hannah, Managing Director at Parity, explained, “We’re striking the right balance between maintaining comfort and not leaving any revenue on the table. The sophistication of our system, its ability to fine-tune operations in real time, is what sets Parity apart and ensures our customers receive the best returns.”
The release of this white paper highlights Parity’s mission to redefine building performance. As multifamily and hotel owners seek ways to increase revenue, lower utility costs, and align with sustainability targets, the paper demonstrates how the automation and optimization of HVAC during DR events can deliver tangible value.
Parity is fast approaching 100 million square feet of real estate under management and raised $19 million in Series B funding last year. Their AI-driven service remotely optimizes HVAC systems, reducing utility costs by up to 30%.
You can download the white paper here.
Leading HVAC Optimization as a Service company appoints Jerremy Spillman to drive West Coast growth amid soaring Californian utility rates and grid challenges.
Toronto, ON – May 12th, 2025 – Parity, the leader in Remote HVAC Optimization as a Service for multifamily buildings and hotels, has expanded into California. This marks a major milestone in its U.S. growth strategy. The focus on the state is anchored by the appointment of Jerremy Spillman, former Senior Director of Sales at JLL Technologies and Co-Founder of Hank, who joins Parity as Director of West Coast Operations.
Parity is quickly approaching 100 million square feet of real estate under management and raised $19 million in Series B funding last year. Trusted by many of North America’s largest real estate owners, operators, and investors, Parity’s AI-driven HVAC automation platform remotely optimizes building systems in real time, slashing energy waste by up to 30% and maximizing demand response revenue.
California, facing steep utility rates and mounting grid strain, is a prime market for Parity’s solution. Electricity rates in California have risen over 70% in the past decade, and summer peak loads are expected to push the grid to new limits in 2025. Parity’s expansion into California positions it at the center of a market that is actively searching for ways to reduce costs, emissions, and grid strain.
“California is a market we have been excited about entering since Parity first expanded to the United States.” Said James Hannah, Managing Director, U.S., at Parity, “The combination of increasingly high utility rates and the growing need for buildings to more intelligently interact with the electric grid makes California a natural fit for Parity’s services. Our platform not only helps building owners and operators reduce energy costs and emissions, but also transforms their properties into smarter, grid-responsive assets. We feel confident entering the market, as we have proven results across North America, positioning us to support the state’s ambitious energy and climate goals.”
California continues to push towards electrification and grid decarbonization; Parity’s AI-driven HVAC optimization platform is positioned to help buildings evolve into Grid-Interactive Efficient Buildings (GEBs). GEBs allow dynamic interaction with the grid, allowing HVAC systems to change energy usage to off-peak times, lower costs, cut emissions, and participate in demand response programs. By utilizing Parity, this is done automatically and without compromising occupant comfort.
“We have had our sights set on a West Coast expansion ever since entering the U.S. market in 2020,” said Brad Pilgrim, Co-Founder and CEO at Parity. “After meeting Jerremy Spillman, we knew we were ready to hit the ground running. Jerremy not only brings years of experience in HVAC optimization and energy efficiency, but also the entrepreneurial mindset needed to help Parity scale successfully in this new market. His background in growing an impactful building technology company gives him a unique understanding of both the opportunities and challenges ahead.
Spillman brings over a decade of experience in real estate, energy efficiency, and building technology. Before his time at JLL Technologies, he founded Hank, a cloud-based HVAC optimization platform, acquired by JLL in 2021. Spillman previously held leadership positions at FreeWire Technologies and Direct Technology.
“I have spent the last decade focused on solving energy and sustainability challenges in commercial real estate,” said Jerremy Spillman, Director of West Coast Operations at Parity. “Parity delivers results, significant savings for owners, and operational ease for building operators. With energy costs climbing and grid stability becoming increasingly important. Parity’s solution is exactly what the California multifamily market needs right now.”
This expansion follows a year of major momentum, including Parity’s Series B funding round aimed at scaling into new markets and verticals. As building owners look to future-proof assets, reduce operational costs, and meet sustainability goals, Parity’s HVAC Optimization as a Service model provides a solution that delivers guaranteed savings.
Funding will accelerate the adoption of Grid-Interactive Efficient Buildings (GEBs) through HVAC optimization in the multifamily and hospitality sectors.
Toronto, ON – Parity, the leading remote HVAC Optimization as a Service company for multifamily buildings and hotels, announced today the successful closing of its $19M Series B funding round by Idealist Capital.
The milestone comes as real estate continues to grapple with its significant contribution to carbon emissions, accounting for 40 percent of the total, with half stemming from inefficient HVAC systems. In multifamily buildings, nearly a third of energy consumption is wasted.
Trusted by many of North America’s largest real estate owners, operators, and investors, Parity limits energy waste and maximizes demand response performance by remotely operating existing heating, ventilation, and cooling systems in real-time. This approach takes the daily management of HVAC performance off the shoulders of building managers by autonomously optimizing control adjustments in real-time. By integrating with a building’s existing control infrastructure, Parity also minimizes the need for new hardware.
To date, Parity has delivered measured energy savings across more than 65 million square feet of multifamily and hospitality real estate. The latest funding round allows Parity to focus on geographic expansion across the United States, as well as targeting new verticals, including senior and student housing. Additionally, the company plans to continue rolling out new products and services to further drive automated building efficiency and grid interactivity.
The round was completed by Idealist Capital, joining existing investors ArcTern Ventures, Wyse Meter Solutions Inc., and RET Ventures.
“Real estate is at an inflection point. Operational inefficiencies cost owners and operators money with high utility bills and increased environmental regulations,” said Brad Pilgrim, Founder & CEO of Parity. “Utility rates continue to rise and so do demands for buildings to interact with the grid in new and more complex ways. HVAC systems consume over half of the energy used in multifamily buildings, making them a necessary component to solving these issues. This funding allows us to continue helping owners and operators improve operational efficiency, expand operations across the US, and increase our product functionality – benefiting environmental goals, as well as our customers’ bottom lines.”
As grids decarbonize by turning to intermittent renewable energy resources such as wind and solar, buildings will be incentivized to develop the ability to more dynamically control when electricity is consumed. Parity’s vision is to utilize their HVAC optimization automation software to transform every building they work with into a grid-interactive efficient building (GEB), aligning perfectly with these changing grid dynamics and allowing their customers to capture the associated monetary benefits.
“Parity has developed and deployed a cost-effective solution for the real estate industry. An important element of decarbonizing the built environment is accounting for energy wasted,” said Pierre Larochelle, Co-Managing Partner at Idealist Capital. “No building will be net zero without a comprehensive system in place to stop excess energy waste. Idealist Capital is excited to partner with an innovative company pushing an outcome-based approach to sustainability.”
As utility bills rise, owners and operators can no longer afford to waste excess energy. With baseline data collection, real-time HVAC optimization, and automated International Performance Measurement and Verification Protocol (IPMVP), Parity guarantees utility cost savings. Parity is also a leading solution for buildings in markets with building performance standards in place. As various cities and states introduce these stringent decarbonization laws for buildings, Parity seeks to reduce GHG emissions by automating HVAC systems’ efficiency and driving emissions reductions on an ongoing basis.
Parity has been recognized for its innovative software and supporting service, receiving nominations such as Wood and Mac’s Companies to Watch (2019) and being listed in the Globe and Mail’s Top Growing Companies for three consecutive years (2020-2022). Parity was also named to the Global CleanTech 100 list (2021) Most recently, Parity was the first service provider to be awarded the designation of LEADER by the NYC Accelerator in 2023.
Parity is an HVAC Optimization as a Service company. We deliver automatic, guaranteed energy and cost savings to multifamily residential and hospitality properties. Our advanced control automation algorithms, real-time monitoring, proactive technical support, and savings verification ensure that heating, cooling, and ventilation systems are operated efficiently every day. This eliminates energy waste, maximizes demand response revenue, and reduces onsite staff workloads, all while maintaining occupant comfort in the buildings we serve.
Idealist Capital is an investment firm focused on accelerating the energy transition by providing growth capital to entrepreneurs with a primary focus on the Canadian market. Idealist Capital supports businesses whose activities enable positive climate impact across one of three themes – (i) the decarbonization of power supply, (ii) the electrification of transportation, and (iii) the decarbonization of industrials and circular economy. The Firm has a mandate to achieve excellent risk-adjusted returns while scaling solutions which are beneficial to the climate. Idealist Capital underwrites its carbon impact and integrates critical non-financial KPIs in its asset management process to build sustainable platforms. To learn more about Idealist Capital, visit Idealist Capital.
Parity is excited to announce we closed a $4 million loan facility from NY Green Bank to finance our HVAC Optimization as a Service solution to improve energy efficiency in New York State.
This is NY Green Bank’s first transaction focused on a software-as-a-service solution for energy-efficiency building upgrades.
There was a lack of precedent and limited appetite from traditional commercial debt providers to finance transactions tied to utility incentives. Utility incentives may not fit into any one asset class or may be too small individually to generate sufficient interest from traditional debt investors.
NY Green Bank’s transaction addresses this gap in the market by bridging the utility incentive payments and freeing up capital for the borrower to focus on business expansion and accelerating the deployment of its SaaS solution.
Brad Pilgrim, CEO of Parity, says, “We are extremely excited to be working with NY Green Bank. This is a significant partnership for us with a US lender. Our organization’s goals, when it comes to reducing GHG emissions from buildings in New York City, are very closely aligned.
We look forward to leveraging this partnership with NY Green Bank and capital facility to help building managers and asset owners implement the necessary technology to minimize wasted energy in buildings and build a greener, more sustainable future.”
Parity remotely controls and optimizes HVAC systems 24/7/365 to deliver automatic energy savings and revenue to multifamily residential buildings and hotels.
Optimizer is our HVAC Optimization as a Service solution that micromanages your HVAC systems 24/7/365. Optimizer remotely and automatically adjusts set points, motor speeds, and other related performance parameters. This minimizes energy consumption and reduces your staff’s workload while maintaining a comfortable building climate for your occupants.
The full Optimizer service consists of our control optimization software, Parity Insights (Pi) dashboard, automated demand response curtailment, and support from our team of remote and onsite HVAC experts.
For more information, email contact@paritygo.com or read the full case study from NY Green Bank here.
What do you get when you mix a lot of hard work and a mission to make the planet more sustainable? We find ourselves named a 2021 Global Cleantech 100 Company by Cleantech Group.
The 100 companies on the 2021 Global Cleantech 100 List represent the private, independent, and for-profit companies best positioned to contribute to a more digitized, de-carbonized, and resource-efficient future.
Parity was selected from more than 8,312 nominations from over 80 countries to make up the 2021 Global Cleantech 100 List.
The fact is, the environment is crumbling around us. Parity and its staff are on a mission, arm-in-arm with the other 99 companies on this list, and the innumerable climate advocates and innovators around the world, to create tangible change for the climate. We are certainly proud to be recognized but we are even more proud that our expertise and technology, and the building partners we work with, have helped prevent more than 8.9 million pounds of CO2 emissions since our inception.
The technology we create, the partnerships we secure, and the team we continue to grow are all important pieces of the puzzle helping advance our collective climate goals.
Global Cleantech 100
On that note, this excerpt from the 2021 Global Cleantech 100 List List Report is an important reminder about why this list and the mission it represents, matters:
“The inconvenient truth is that the problems being tackled by these 100 companies on the 2021 Global Cleantech 100 List and the hundreds of others beyond unfortunately have a timer attached to them. That timer is monitoring whether humanity … proves able and willing to pull back from the irreversible destruction of the very environment…
As we enter the last quarter of [2020], my sobering conclusion is that we are clearly not winning. We need a remarkable turnaround – and fast. Human ingenuity and innovative spirit are match-fit for the herculean tasks ahead. Our innovation community can be a great contributor, but we cannot do it alone in the time available. To roar, these 20s need people in power to act with urgency and intent. Our leaders must have a long-term vision and the conviction to face up to vested interests, naysayers, and doubters.”
-Richard Youngman CEO, Cleantech Group
Being on the 2021 Global Cleantech 100 List is a proud moment for Parity but, more importantly, serves as a rallying cry to us and others to continue to commit to and encourage the inventions, ideas, and solutions that can help support the long-term wellness of our environment.
Congrats to all the fellow companies on this list and thank you to the Cleantech Group for this recognition. We’re honored to be on the 2021 Global Cleantech 100 List.
We are pleased to announce that Parity has been named a New York State Energy Research and Development Authority (NYSERDA) Qualified Vendor for the Real-Time Energy Management (RTEM) Program.
Real Time Energy Management (RTEM) combines technology and services to act as the functioning brain of a building. RTEM technology sends a building’s live performance data to a cloud-based system, where it is transformed into actionable insights for property owners, building managers, and tenants.
NYSERDA offers a 30% cost-share incentive for building owners to deploy energy management solutions such as Parity’s platform. The NYSERDA Real Time Energy Management (RTEM) Program helps support implementation and subscription costs for a period of five years.
Photo by NASA on Unsplash
New and current Parity clients can take advantage of the program. In many cases customers are also eligible for local utility incentives, such as those through Con Edison, further reducing costs and Parity’s quick payback period.
NYSERDA offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. A public benefit corporation, NYSERDA has been advancing energy solutions and working to protect the environment since 1975.
For more information, please visit: NYSERDA.NY.GOV
Parity is pleased to announce it placed No. 50 on the 2020 Globe and Mail’s Canada Top Growing Companies List.
Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Parity earned its spot with a 3-year growth of 1,107%.
Parity is a Remote HVAC Optimization as a Service company responsible for driving innovations in building automation processes to lower costs, decrease CO2 emissions, and support sustainable living in residential buildings in cities across North America. To date, the company has prevented an estimated 7 million+ pounds of carbon emissions from entering the atmosphere from residential buildings.
“We’re extremely excited. This is the evidence and validation that we are the fastest growing multi-residential HVAC management platform in North America,” said Brad Pilgrim, CEO, Parity Inc.
“The rapidly building momentum we have achieved over the last few years with our partners and customers has given us the rocket fuel to take this solution across the country very quickly into every major city by providing an incredibly unique product and service.”
Today, Parity employs 30+ full-time staff shared between their head office in Toronto, Ontario, Canada, and New York City. Parity achieved a 440% increase in its client base in 2019 and anticipates continued growth in the North American market.
Launched in 2019, Canada’s Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process to qualify. In total, 400 companies earned a spot on this year’s ranking.
The full list of 2020 winners, and accompanying editorial coverage, is published in the October issue of Report on Business magazine—out now—and online.
“The stories of Canada’s Top Growing Companies are worth telling at any time, but are especially relevant in the wake of COVID-19 pandemic,” says James Cowan, Editor of Report on Business magazine. “As businesses work to rebuild the economy, their resilience and innovation make for essential reading.”
“Any business leader seeking inspiration should look no further than the 400 businesses on this year’s Report on Business ranking of Canada’s Top Growing Companies,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their growth helps to make Canada a better place, and we are proud to bring their stories to our readers.”
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With award-winning coverage of business, politics, and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in print or digital formats, and Report on Business magazine reaches 2.1 million readers in print and digital every issue. The Globe and Mail’s investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
We are pleased to announce that our CEO and Co-founder Brad Pilgrim has been recognized as a 2020 Clean50 honouree. The Clean50 Award recognizes Brad’s leadership in re-imagining how smart technology can successfully support energy management and conservation in buildings.
Canada’s Clean50 Award is announced annually by Delta Management Group and the Clean50 organization to recognize those 50 individuals or small teams, from 16 different categories, who have done the most to advance the causes of sustainability and clean capitalism in Canada over the past 2 years.
Delta’s criteria in determining Honourees is to consider actual measurable accomplishments carefully, demonstrated innovation, collaboration with other organizations, and the power of the Honouree’s contribution to inspire other Canadians to take similar action.
“Brad Pilgrim was chosen after rigorous screening and research by Delta Management, with advice from internal researchers and external advisors, and was among just 50 Honourees selected from an initial pool of approximately 750 very well-qualified nominees from across Canada,” says Gavin Pitchford, CEO & Founder, Delta Management Group, responsible for the Clean50 Award.
Estimates suggest that buildings make up 40% of all carbon emissions and account for 12% of Canada’s greenhouse gas emissions.
“Over the past 3 years, Brad has led his company to develop and deploy the first AI-powered energy management platform for multi-residential buildings in order to champion his personal mission to eliminate energy waste in buildings, Using this platform,” says Pitchford. “Brad and his team have helped prevent more than 14 million lbs of CO2 emissions from their customers’ buildings since 2017, saving them an average of more than $60,000 per year in utility use, and are contracted to save their current customer base of more than $2 million in the coming year.”
Parity remotely controls and optimizes HVAC systems 24/7/365 to deliver automatic energy savings and revenue to multifamily residential buildings and hotels.
The Parity approach eliminates the need for constant manual adjustments and allows building managers to achieve maximum energy efficiency while reducing their staff’s workload. Optimization can be used on equipment related to heating, cooling, fresh air, and domestic water. This includes boilers, chillers, cooling towers, condenser pumps, hydronic pumps, makeup air units, and booster pumps.
“I am proud to have received the 2020 Clean50 Award. It is a privilege to be included among such esteemed thought leaders and change-makers,” says Pilgrim. “I am even more pleased to continue to work in the area of energy management, collaborating with the Parity team to deliver innovative thinking and solutions that directly result in an improved and sustainable urban living experience.