Parity
Parity provides remote HVAC optimization services for multifamily residential buildings and hotels, delivering energy savings and sustainability improvements through advanced control software and expert support.
Services
Parity provides remote HVAC optimization services tailored for multifamily residential buildings and hotels. Their optimizer service package includes control optimization software, the Parity Insights (Pi) dashboard, automated demand response curtailment, and support from both remote and onsite HVAC experts. Parity offers 24/7/365 HVAC system management, ensuring automatic energy savings and generating additional revenue. Through these services, Parity helps clients comply with local building performance standards and enhance sustainability while reducing CO2 emissions and energy waste.
Products
Parity's primary product is its HVAC optimizer service, which comprises several components. This includes control optimization software that autonomously adjusts HVAC settings for maximum efficiency. The Parity Insights (Pi) dashboard provides real-time analytics and insights into HVAC performance, energy consumption, and potential savings. Additionally, their automated demand response curtailment ensures peak load reduction during high-demand periods, further saving energy costs. These products are designed to work together to optimize energy usage in multifamily properties and hotels efficiently.
History
Parity has successfully managed over 65 million square feet of real estate, focusing on multifamily condos, co-ops, rentals, and hotels. Notable achievements include significant energy savings and CO2 emissions reductions across various projects, such as $165,917 in year-one savings for 252 East 57th Street and $145,245 for Avalon Clinton South. Parity also received a $4 million loan facility from NY Green Bank aimed at financing HVAC optimization projects, reinforcing their commitment to enhancing energy efficiency and sustainability in the real estate sector.
Geographical Presence
Parity operates in several major regions, including Greater Toronto, New York City, North Jersey, Philadelphia, Washington D.C., Maryland, Northern Virginia, Delaware, Boston, and parts of New England. This extensive geographical reach allows Parity to offer its remote HVAC optimization services to a broad array of multifamily residential buildings and hotels across key locations, ensuring energy-efficient solutions and compliance with local building performance standards.
Sustainability Initiatives
Parity is dedicated to improving sustainability performance through their HVAC optimization services. By minimizing CO2 emissions and reducing energy waste, Parity helps buildings achieve better environmental standards. They utilize the International Performance Measurement and Verification Protocol (IPMVP) to verify energy savings. Moreover, Parity offers tools for sustainability reporting tailored to frameworks such as GRI, SASB, and LEED, enabling clients to accurately track and report on their sustainability efforts.
