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Wednesday, May 9, 2018

Power Plants Lead to $4.6 Billion Investment in Mahoning Valley

From Business Journal Daily:
The investment numbers are unlike any the region has witnessed in decades – more than $4.6 billion scattered across four counties in or around the Mahoning Valley where new, nimble and efficient electrical power plants are either in operation, under construction or under consideration. 
It’s a signature of where growth in new energy will develop in America and what it will look like. This section of northeastern Ohio and western Pennsylvania – with its abundance of natural gas from the Utica and Marcellus shales – has emerged as the fulcrum for the industry’s future. 
As older, less efficient power plants are retired or shut down, they’re being replaced with smaller, more cost-efficient combined-cycle plants that use natural gas and steam – not coal or nuclear power – to generate electricity for homes and businesses.

“What’s happening in the industry right now is equivalent to the automobile replacing the horse and buggy,” says Bill Siderewicz, president of Massachusetts-based Clean Energy Future LLC, which developed the Lordstown Energy Center, under construction, and is working to secure a second project for Lordstown, the Trumbull Energy Center.
The whole article can be read by clicking here.

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