PARSEC is a package designed to perform electronic structure calculations of solids and molecules using density functional theory (DFT).
The acronym stands for Pseudopotential Algorithm for Real-Space Electronic Calculations.
[1] It solves the Kohn–Sham equations in real space, without the use of explicit basis sets.
[3][4][5] Another key strength is that it is readily amenable to efficient massive parallelization, making it highly effective for very large systems.
Some of the physical/chemical properties calculated by this code are: Kohn–Sham band structure, atomic forces (including molecular dynamics capabilities), static susceptibility, magnetic dipole moment, and many additional molecular and solid state properties.