Surplus parking spaces at a Melville office property will be the site of a 7.6 megawatt alternative energy installation.
San Francisco-based Generate Capital is teaming with Plainview-based Edgewise Energy to develop a fuel-cell energy generation facility on 15,298 square feet of the parking lot at 575 Broadhollow Road.
The $56 million project will allow 7,500 to 10,000 Long Island residents to subscribe to the project and gain access to cheaper and cleaner electricity in terms of a fixed 10-percent reduction in their current rates.
In addition, Edgewise Energy is working with the Community Development Corporation of Long Island to ensure the opportunities for lower-cost energy are reaching the communities that would benefit the most from the savings generated by the technology.