Property managers and building staff know that one of the largest risks buildings face is equipment damage – especially larger, older, or complicated equipment. Whether it’s from wear and tear, age, or bad luck, equipment repairs can ruin budgets – that’s where Proactive Maintenance comes into play.

A smart approach to building maintenance is proactive maintenance. Proactive maintenance aims to prevent equipment failure before it occurs.

Proactive maintenance maximizes the lifespan of equipment, reduces unplanned downtime, and minimizes the cost of repairs or replacements.

Proactive maintenance typically involves regularly scheduled equipment inspections, routine equipment servicing, training and educating maintenance staff, and good record keeping.

Traditional methods of proactive maintenance are prone to human error or neglect. Parity’s real-time monitoring platform can help mitigate these factors.

 

PARITY’S ROLE IN PROACTIVE MAINTENANCE

 

A relatively new part of proactive maintenance is predictive maintenance. Using data and technology (sensors, monitoring systems, and analytics) to predict when maintenance is needed based on real-time data and historical trends. Predictive maintenance helps to identify potential problems before they lead to breakdowns.

This is where Parity comes in.

Parity is an HVAC Optimization as a Service company. We maximize energy efficiency and reduce energy costs through remote optimization of HVAC equipment.

Through Parity’s remote control and monitoring of HVAC systems, buildings unlock savings from avoided maintenance visits and equipment failures. This translates to increased equipment lifespan and reduced unplanned downtime, while maintaining resident comfort and freeing up building staff’s time.

A person with a blue hard hat and orange jacket is adjusting a control panel for proactive maintenance purposes.

Photo by Fatih Yurtman on Pexels.

HOW HVAC OPTIMIZATION CAN HELP

 

Often, small fixes or improvements early on can prevent costly and invasive repairs later.

Parity’s control optimization software automatically monitors and adjusts set points, motor speeds, and other performance parameters in real-time, based on up-to-the-minute data from your building and external factors like weather.

We upload building data into our Pi (Parity Insights) dashboard to visualize the performance of your HVAC systems in real-time.

If we detect an operational anomaly with your equipment, we send color-coded alerts, tiered e-mails, and text messages to building staff as soon as the issue arises.

Examples of conditions that trigger alerts from Pi include:

1. Low or high domestic hot water temperatures

2. Low pressure on domestic cold water booster supply

3. Unexpected changes in cooling or heating supply temperatures

4. Ventilation and make-up air units (MAUs)

5. Low steam pressure

Pi is our window into your HVAC system’s performance. Our platform can identify issues in a building before the tenants are impacted.

 

THE TIME TO ACT IS NOW

 

Proactive maintenance is a cost-effective way to maintain your HVAC equipment. Buildings can maximize the lifespan of their equipment, reduce unplanned downtime, and minimize the cost of repairs or replacements by working with a company like Parity.

Let Parity micromanage your HVAC systems and save you money. Email contact@paritygo.com to learn how we can help your building.

 

As the seasons shift from the scorching heat of summer to the bone-chilling cold of winter, and vice versa, building managers need to prepare their properties for the transitional period known as shoulder season.

Parity has found that shoulder season is when buildings waste the most energy because their HVAC controls aren’t properly set.

Among all the seasons, shoulder season emerges as the crown jewel of energy savings when it comes to HVAC systems. With milder temperatures prevailing in fall and spring, there’s less of a need for energy-intensive heating or cooling efforts.

As a result, HVAC systems can and should be able to consume less energy since the outdoor temperature will oftentimes be closer to the desired indoor temperature. By seizing the opportunity to maximize the use of natural ventilation and judiciously adjusting your HVAC settings during shoulder season, energy bills dwindle while occupants still enjoy a cozy and comfortable living space.

While the allure of shoulder season lies in reduced reliance on HVAC systems, they can still be your allies during this time.

A heat pump on the roof of a building. Heat pumps are great for shoulder season as some models can be used for heating and cooling.

Photo by ready made on Pexels

It requires a lot of manual work to prepare your building’s HVAC systems for the heat or the cold. But by leaving your summer or winter HVAC controls on during the fall or spring, you’re leaving savings on the table.

An example is if you’re over-cooling your building with summer controls. You could be wasting energy if your condenser, water pump, or chiller is running too much because the demand in your building for cooling is much lower in the fall than in the summer.

Our HVAC optimization service can automatically and remotely reduce energy consumption by reducing equipment speeds and adjusting temperature setpoints to meet the building’s heating or cooling demand. Let’s take a look at 2 examples.

Shoulder Season Energy Savings Example 1

A 4-pipe Fan Coil building in Midtown runs cooling year-round. The building has a Free Cooling Loop, however, due to the glass construction of the building, there is still a significant load on the building during winter months. This forces the building to run the Chiller deep into the winter.

Parity can automatically switch between free cooling and mechanical cooling operation depending on the building load. We enable the building to reduce energy and costs significantly.

Shoulder Season Energy Savings Example 2

Another example is a building with a Water Source Heat Pump and Gas-Fired Steam Boilers for Heat Injection.

Parity installed VFDs on the primary condenser pump and cooling tower allowing our algorithm to ramp up and down speeds according to building demand. We also reset the secondary condenser water setpoint based on the outdoor wet bulb allowing for improved water source heat pump efficiency with minimal impact on overall central plant consumption. Lastly, we added automatic summer/winter operation to boilers allowing the boilers to operate on low fire mode for DHW production during off-season conditions.

 

Shoulder season empowers property and resident managers to harness the full potential of your HVAC system. Shoulder season isn’t just about comfortable temperatures; it’s about smart, sustainable living that benefits both your wallet and the planet. With the help of a company like Parity, you can navigate this transitional period with ease.

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.

NYGB logo. NY Green Bank and Parity are working together to support Parity's HVAC Optimization as a Service 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 is an HVAC Optimization as a Service Company

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.

Managers of multifamily buildings and hotels face a unique challenge in optimizing HVAC systems.

With the growing focus on the electric grid and the need to reduce carbon footprints, demand response programs present an excellent opportunity for property and resident managers.

Demand response is a strategy employed by energy providers to manage electricity consumption during peak demand periods.

This typically coincides with the warmest days of summer, when the electric grid is most vulnerable. It involves adjusting energy usage in real-time or on a pre-determined basis to reduce electric demand on-site.

For more context, we suggest watching this intro video:

 

Why Should I Care About Demand Response (DR) Programs?

By participating in demand response programs, buildings will reduce their electricity usage, reduce strain on the grid, and receive financial incentives for their efforts. Parity can automate DR protocols for events and reduce the impact of the temporary energy reduction for occupants.

Buildings get paid per kW reduction during scheduled or sometimes unscheduled demand response events. In a typical season, there could be between 4-8 DR events a year, leading to a great opportunity for buildings to earn additional revenue.

 

How Can Parity Help?

Parity can automate demand response protocols to run during demand response events. We have a deep understanding of a building’s HVAC systems, so we’re able to automate their system with a unique level of precision.

For example, we have been able to automate ventilation equipment for a demand response event. This isn’t feasible for maintenance staff to manually do this for Demand Response events.
Parity remotely controls a building’s HVAC systems. This allows Resident and Property Managers to not have to manually perform any protocols, preventing possible mistakes or underperforming.

Graphic showing the basics of demand response (DR) automation.

Source: https://energycentral.com

Demand response is a powerful tool that property and resident managers can leverage to reduce energy consumption, earn additional revenue, and stabilize the grid. Embracing HVAC optimization through DR is a win-win situation for property managers and their occupants as they contribute to a greener, more energy-efficient future.

 

Take the first step today and reach out to us if you’re interested in enrolling your building in a DR program!

Maintaining a cool indoor environment in the sweltering summer heat is essential. Unfortunately, Heat waves are becoming more common. Manhattan saw 24 days at or above 90 degrees last summer alone!

Cooling towers and chillers play a pivotal role in providing cool comfort to residents in many large apartment buildings. However, optimizing these systems to minimize energy waste involves balancing various factors such as system capacity, overall system performance, weather conditions, and operability.

Local regulations like New York City’s Local Law 97 will also begin to impact the way that these systems are operated in the future.

Understanding Cooling Towers and Chillers:

Cooling towers and chillers form the backbone of a building’s cooling infrastructure. Cooling towers extract heat from a distribution loop and reject it to the atmosphere, while chillers remove heat from the chilled water circulated throughout the building. The two systems work together to ensure a comfortable indoor climate.

Efficiency and capacity are vital considerations when selecting cooling towers and chillers. Higher efficiency units not only reduce energy consumption but also lower operating costs. Additionally, properly sized equipment ensures optimal performance, preventing overworking and unnecessary energy waste.

However, the ability to properly control these systems will have the greatest impact on their ability to beat the summer heat without spiking your utility bill.

 

Top view of cooling towers on a building

Credit: leungchopan – stock.adobe.com

 

Common Issues:

We’ve noticed 5 common issues with cooling towers and chillers as spring turns to summer.

1. Not taking advantage of pre-cooling during the morning
2. Running pumps at higher speeds than necessary

3. Chilled water temperatures don’t adequately meet and anticipate demand

4. Preventative maintenance is not regularly carried out or targeted

5. Systems are not properly set up to maximize demand response revenue

 

How Parity Can Help:

What lies behind many of these issues is that most buildings with central cooling have antiquated control systems that rely too heavily on manual control adjustments. Parity’s technology automates the operation of central cooling systems, as well as other building systems, to ensure that demand is met without unnecessary energy consumption.

We accomplish this through Parity’s customized control algorithms that use weather data, weather forecasts, system performance indicators, historical operating data, and other inputs to develop optimized control adjustments that are streamed to the associated building systems in real-time.

At Parity, we combine this with alarms and alerts as well as proactive human support from HVAC experts who act as an extension of your building staff. This allows Parity to help building operators prepare for those extra hot days as well as efficiently pinpoint and resolve onsite maintenance issues that can’t be resolved through our remote control.

In addition to the utility cost savings, streamlined operations, and reduced maintenance costs generated, this approach can reduce a building’s exposure to building performance standards such as New York City’s Local Law 97.

Plus, Parity guarantees energy savings for multifamily residential buildings or we cut the building a check for the difference.

 

Contact us now to learn more about how we optimize cooling towers and chillers. You can reach us at contact@paritygo.com.

New York City faced an unprecedented situation over the past few days.

The air quality was the worst in the world on Wednesday, June 7th, according to IQAir.com because of the Canadian Wildfire Smoke. Multiple sources put the highest recorded Air Quality Index (AQI) above 350 out of 500.

Due to the Canadian wildfire smoke, NYC building ventilation systems were unknowingly pumping bad air into buildings.

The effects of the Canadian Wildfire Smoke in Toronto Canada.

Photo by DESIGNECOLOGIST on Unsplash

Makeup Air Units

As time went on, building staff across the city raced to rooftops to turn off Makeup Air Units and other sources of outside ventilation to protect their building’s air quality.

We received several requests from our customers to turn off any systems that were mechanically pulling outside air into the building.

Parity remotely controls a building’s HVAC system. Our customers didn’t have to worry about manually turning off their ventilation systems and sucking in Canadian wildfire smoke.

Parity’s building intelligence engineers could turn off Makeup Air Units that bring in outside air, avoiding the smoke-riddled air being pumped into the building. By issuing commands, these units were remotely shut off almost instantly, saving time and allowing on-site staff to focus on other tasks.

As the smoke cleared on Friday afternoon, Parity turned these units back on and restored building operations to normal, ensuring safe and breathable air for their residents.

We quickly responded to our customers’ needs and ensured safe, breathable air for their residents during the alarming wildfires in Canada.

 

To learn more about our company and how we handled the Canadian wildfire smoke situation, please visit our website or email contact@paritygo.com.

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 Logo. Parity was on the 2021 Global Cleantech 100 List.

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.

A photo of the earth at night in outer space. You can see the lights and electricity. NYSERDA Real Time Energy Management (RTEM).

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.”

About The Globe and Mail

Parity places 50th on The Globe and Mail’s Top Growing Companies.

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.

Clean50 Award Logo

“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.