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Parity

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Company Information


Parity is a remote HVAC Optimization as a Service company. Our software delivers guaranteed utility cost savings and revenue from grid services to multifamily residential buildings and hotels. 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 currently trusted by 200+ multifamily buildings and hotels (65M SQFT) in Toronto, NYC, Boston, and D.C. On average, Parity saves building owners $50,000 in energy costs. 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).
HQ Location
Toronto, Ontario
Year Founded
2016
Number of Employees
11-50
Company Status
Private
Company Website

www.paritygo.com/


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