Case Study: 252 East 57th Street cuts utility costs with Parity

252 East 57th Street - Customer Case Study

The customer, 252 East 57th Street, is a luxury high-rise building in New York City containing both condominiums and rental units. With a mix of HVAC systems, including gas-fired boilers and chillers, the building faced significant utility costs and the impending financial pressure of Local Law 97 fines. Parity was engaged to help address these challenges through its energy optimization services.

Parity remotely optimized the building's various systems, including its cooling tower, boiler, ventilation, and pumps. The solution dramatically over-delivered on its guaranteed savings, reducing utility costs by $165,917 in the first year alone for a payback period of only 10 months. Parity also helped the building avoid 226 tons of CO2 emissions, significantly reducing its potential LL97 fine exposure, and generated an estimated $15,000 in additional demand response revenue.