A California company is proposing to install fuel cells in a Melville parking lot that would reduce the electric bills of 10,000 homeowners by a guaranteed 10%, or about $150 per year, officials said on Thursday.
Generate Capital Inc., based in San Francisco, wants to put 28 fuel cells on a half-acre parcel at 575 Broad Hollow Rd. The land is part of a large parking lot for a small office building across from the Long Island Hilton hotel.
Generate has hired Edgewise Energy in Plainview to construct the $57 million project and get homeowners from across the Island to buy the 7.6 megawatts of electricity through a subscription plan. The power would be delivered by PSEG Long Island and subscribers would receive savings credits on their monthly electric bill.