We’re excited to release our first white paper, “Beat the Heat: How Automation, GEBs, and HVAC Optimization Help Multifamily Buildings and Hotels Succeed at Demand Response Events”! This white paper dives into the ways multifamily buildings and hotels can benefit from demand response events by utilizing automation, shifting their buildings to GEBs, and optimizing their HVAC systems. You’ll hear from a diverse array of energy and HVAC experts, including leaders at Enel North America and Johnson Controls, about what demand response events are, why they’re growing in frequency, the issues they can create for buildings, and how they can benefit property owners (and all of us) by generating revenue and stabilizing the grid. We also owe a big thanks to our contributors: Deepak Budhiraja (Vice President of Global Lifecycle Solutions and Strategy at Johnson Controls), Molly Jerrard (Head of Flexibility at Enel North America), John Patrick Hackett (Vice President at Maxwell-Kates), Ali Shehu RPA, FMA, LEED GA (Resident Manager at 525 West 52nd Street), Joe Cascio (Product Manager at Parity), and James Hannah (Managing Director, US at Parity). After a summer full of record-breaking heatwaves, the rise in energy costs, and the rapid increase in load growth, you won’t want to miss this. Read the white paper using the link in the comments ⬇️
Parity, Inc.
Software Development
Toronto, Ontario 7,039 followers
Parity is a Remote HVAC Optimization as a Service company. We reduce energy usage in multifamily buildings and hotels.
About us
Parity is a remote HVAC Optimization as a Service company. Our software delivers guaranteed utility cost savings and maximizes revenue from demand response events. We remotely control and optimize HVAC systems to deliver energy-efficient levels of heating, ventilation, and cooling 24/7/365. As energy efficiency and GHG emissions regulations tighten, Parity opens new, low-cost opportunities for compliance and access to incentive programs. Parity is the trusted energy management solution used by the largest owners and operators of large multifamily residential buildings and hotels across North America. We are approaching 100M SQFT of real estate under management. Parity investors include Idealist Capital, ArcTern Ventures, Wyse Meter Solutions Inc. (Wyse), and RET Ventures. Parity has received various awards, including Wood and Mac - Companies to Watch (2019), Globe and Mail - Top Growing Companies 3 years in a row (2020-2022) The company was recently recognized as the first service provider to be awarded the designation of LEADER by the NYC Accelerator (2023).
- Website
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http://www.paritygo.com
External link for Parity, Inc.
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- Toronto, Ontario
- Type
- Privately Held
- Founded
- 2016
- Specialties
- HVAC, Energy Savings, Energy Efficiency, PropTech, IPVMP, Co-Ops, Condos, HVAC Operations, Machine Learning, Hotels, Incentives, SaaS, Software, Guaranteed Savings, HVAC Systems, HVAC Optimization, Multifamily Buildings, Energy Management, ClimateTech, and HVAC Controls
Locations
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Primary
579 Richmond St W
200
Toronto, Ontario M5V 1Y6, CA
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21 W 46th St
#503
NYC, NY 10036, US
Employees at Parity, Inc.
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Sean Maybee
CFO | Finance Executive with IPO, M&A & Public Company Experience
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Brian Macleod
Data driven outcomes for Multi-Residential buildings
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Jennifer Bain (Milrod)
HR Professional
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Tom Rand
Founding Partner @ArcTern Ventures; Founder @Domaine-Heritage Cidery; Investor, Author, Speaker, Entrepreneur. 100% Climate Hawk.
Updates
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What if buildings could give back to the grid, not just consume from it? In Episode 3 of "Inside Parity", James Hannah, Managing Director, US, explores the role of automation in turning multifamily buildings into Grid-Interactive Efficient Buildings (GEBs). He explains how Parity’s demand response automation capabilities maximize demand response revenue, ease workloads for on-site staff, and optimize energy usage. Parity's mission is to be the gold standard in operating technology and to transform every building into a grid-interactive efficient building. #GEBS #GridInteractiveBuildings #HVAC #energyefficiency #demandresponse
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The Oxford, a condo in NYC, saved $66,000 in utility costs in its first year working with us. Plus, they cut CO2 emissions by 70 tons, translating to $19,000 in potential LL97 fines. Check the comments for the full video 👇 #HVACOptimization #LocalLaw97 #NYCRealEstate #EnergyEfficiency #LL97
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Resident Managers have a lot on their plates. "Everything now is automated, and it tells us what problems we have instead of us running around looking for the problems - we get notifications," said Gerry Grady, Resident Manager at The Oxford on Seventy Second. Our Optimizer service reduces building staff workloads by automating manual HVAC processes, including identifying system issues, optimizing for energy efficiency, and curtailing energy usage for demand response events. The result? $66K in utility cost savings, $19K in avoided potential Local Law 97 fines, and 70 tons of reduced CO2 emissions. Thanks for the support Gerry, Anthony Milstein, The Oxford board, and Brown Harris Stevens! #HVACOptimization #ResidentManager #NYCRealEstate #DemandResponse #EnergyEfficiency
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Why is so much energy wasted in multifamily buildings, and why has no one solved it at scale? 1/3 of energy in multifamily buildings is wasted because of the constant need for heating and cooling. And that accounts for over 40% of CO2 emissions globally. In Episode 2 of "Inside Parity", CEO and Co-founder Brad Pilgrim shares the reasons why he chose to focus on continuously occupied buildings, like the Multifamily asset class. Episode 3 comes out later this month 👀 #energywaste #proptech #HVAC #energyefficiency
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It's an event-full month for Parity in October! 🎫 Here's where we're exhibiting and/or speaking: ➜ Brad Pilgrim will be at Dynamo Energy Hub's Climate Tech & Tonic on October 13, followed by the Smart Buildings Show on October 15-16 ➜ James Hannah, Matt Harnett, MBA, MFA, and Tony Hsu will be at Bisnow's NY Multifamily Operations & Residents of the Future on October 28 ➜ Cameron Rapoport will be at Yale Robbins, Inc.'s New England Condominium Expo on October 30 Where will we see you? #PropTech #RealEstate #EnergySavings #SmartBuildings
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Rob Post and Tvisha Rao enjoyed being a part of the 2025 Associa Cares Vendor Roundtable event last Thursday! It was an excellent opportunity to talk to property managers and leaders. We are especially proud of supporting the commendable work of Associa Cares. Thank you to Maxwell-Kates, Inc. and Leiter Property Management for hosting this great event!
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We had a blast hosting FirstService Residential for a happy hour at Tommy Bahama yesterday! 🥂 It was great catching up with the FSR team outside of work and expressing our appreciation for their continued support over the years. We're excited to keep working together and host more events like this in the future!
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Cameron Rapoport is at Bisnow's Boston Multifamily Summit today! Bringing expertise on proptech, sustainability, and maintenance operations, he'll be speaking on the "Maximizing Operations: Through Space, Amenities and Management Strategies" panel. Stop by our table after to learn more about how Parity helps multifamily buildings maximize demand response revenue, reduce utility costs, and maintain resident comfort. #PropTech #RealEstate #Sustainability
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Parity, Inc. reposted this
🌍 Join us at the Toronto Climate Week | TOCW Inaugural Event We’re hosting The Climate Capital Conversation: From Term Sheet to Impact with TD Innovation Partners - a candid discussion with founders, VCs, and banks on raising capital while driving climate impact. Featuring: Ahmad Ghahreman, President, CEO & Co-Founder, Cyclic Materials Brad Pilgrim, CEO & Co-Founder, Parity, Inc. Mohsen Asad, CEO & Founder Hyperlume Inc. Tom Rand, Partner & Co-Founder, ArcTern Ventures Alida Kanani, CPA, Associate Director Capital Solutions TD Innovation Partners 📅 Oct 2 | 5:30–7:30 PM 👇 Apply to register through the link in the comments.
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