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.
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.
We’re pleased to announce that Green Tech Media (a Wood Mackenzie Business) has named Parity a “Cleantech Startup to Watch”.
The following is the take by analyst Fei Wang at Wood Mackenzie:
“Building energy management system vendors have traditionally focused on the cost-saving potential of their products and services. More recently, an additional selling point is an improvement in the comfort of the indoor environment. The multifamily-building segment has also garnered more attention, as developers race to build apartment buildings around city centers to accommodate increasing numbers of renters in the U.S., and more partnerships have formed between real estate developers and vendors with energy management offerings.”
Wood Mackenzie Power & Renewables’ solar, storage, grid edge, wind, and power analysts deliver actionable insight into the state and the future of the global electricity sector, backed by exclusive relationships with industry partners, proprietary models, and an ever-expanding executive network. These analysts decided on the Cleantech Startups to Watch.
Wood Mackenzie, also known as WoodMac, is a global provider of data and analytics for the energy transition.
Click here to read the full announcement on Green Tech Media and see the other 5 Cleantech Startups to Watch.