Generation plant to save energy at 110 E. 59th.Jack Resnick & Sons, Inc. and OfficePower, L.L.C. have completed a long-term lease and services agreement for OfficePower to install, own and operate a 720 kW distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or plant at 110 E. 59th St. in midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan. This on-site power and cogeneration plant will use state-of-the-art, environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] , microturbines and cogeneration equipment that will provide a substantial portion of the building's ongoing power and thermal load requirements. As with all OfficePower installations, this system will operate both in parallel with Con Edison's distribution network and independent of it during grid outages. "With concerns regarding the grid's reliability continuing to rise, this plant will allow us to offer our tenants increased power availability to meet their growing demands," stated Steve Rotter, executive managing director of Resnick. "This plant will provide continuous, reliable power and thermal energy thermal energy Internal energy of a system in thermodynamic equilibrium (see thermodynamics) by virtue of its temperature. A hot body has more thermal energy than a similar cold body, but a large tub of cold water may have more thermal energy than a cup of boiling that will allow Resnick to upgrade the quality of its building while helping to reduce peak load requirements on a distribution network that is already stretched to capacity and significantly decreasing the city's harmful emissions caused by locally based central power plants," said Bob Jannino, president of OfficePower. "Faced with an extremely competitive leasing market, forward looking and socially conscious, office building owners like Resnick are beginning to recognize the amenity value of on-site generation and cogeneration in attracting and retaining high quality tenants," noted David Schaiman, a noted New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of real estate executive. Owned and managed by Resnick, 110 E. 59th St. is a 37-story, 575,000 s/f, first class office building. Strategically located at Park Avenue between 58th and 59th Streets, the building is steps away from some of the finest hotels, shops and restaurants in midtown. The building has state-of-the-art life safety and communications systems, a 24-hour attended lobby that features a digital closed-circuit TV security system and a wide range of other tenant amenities. Major tenants include such notable companies as Cantor Fitzgerald Cantor Fitzgerald L.P. is a global financial services firm specializing in bond trading, as well as investment banking, asset management, market data and brokerage services. , Estee Lauder, Clarins Groupe USA, IMAX IMAX Noun a film projection process that produces an image ten times larger than standard Corporation and Four Seasons Hotels. |
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