#22 - Brad Pilgrim, Co-Founder & CEO at Parity

In Episode #22 of Slice of Real Estate, Brad Pilgrim, Co-Founder & CEO at Parity.

Listen to the full episode to learn about:

Founding Vision: Brad Pilgrim's entrepreneurial journey from scaling startups to co-founding Parity in the energy optimization space.
Guaranteed Savings Model: Parity promises utility cost savings with no upfront costs through advanced HVAC control systems.
Grid-Interactive Buildings: Future-focused strategies to enable smarter interaction between buildings and energy grids.
Diverse Building Solutions: Serving buildings of all ages, from historical properties to new constructions, with tailored energy management systems.
Industry Networking: Insights from events like Blueprint that inspire innovation and partnerships.

From Startup Veteran to Industry Leader

Brad Pilgrim, Co-Founder and CEO of Parity, began his entrepreneurial journey with a passion for creating impactful solutions. After years of scaling startups and navigating acquisitions, he sought a new challenge in renewable energy. A personal experience with rising condo fees and inefficient energy management catalyzed his mission to optimize energy consumption in high-rise multifamily buildings. Parity was born out of this drive to address overlooked inefficiencies and improve sustainability.

A No-Nonsense Approach to Cost Savings

Parity stands out with its "Guaranteed Utility Cost Savings with No Upfront Costs" promise. Pilgrim likens their approach to Formula 1 racing—whether a building is akin to a cutting-edge racecar or a vintage model, Parity ensures it's optimized to compete. By upgrading systems where needed and taking control of energy management, they guarantee improved performance without compromising resident comfort.

Smart Solutions for Buildings of All Ages

The age of a building may pose challenges, but it’s no obstacle for Parity. Brad explains that, whether it's a century-old structure or a modern facility, understanding usage patterns and implementing smart algorithms enables efficiency gains. Parity’s technology adapts to the unique characteristics of each property, ensuring significant energy savings across the board.

Advancing Towards a Smarter Grid

Parity’s mission extends beyond individual buildings to creating grid-interactive building solutions. By automating demand response and optimizing energy usage during peak pricing times, Parity enhances energy efficiency and revenue generation for property owners. This innovation positions Parity as a leader in transforming how buildings interact with energy grids, paving the way for a more sustainable future.

The Power of Networking

Brad credits events like Blueprint with fostering industry collaboration and innovation. From connecting with peers to exploring partnerships, these experiences have fueled Parity’s growth and introduced ideas that continue to shape their offerings.

Looking Ahead

As Parity gears up for 2025, its focus remains on developing advanced tools for demand management and grid interaction. By addressing both micro and macro energy challenges, Parity aims to redefine the building energy management landscape.