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.The whole article can be read by clicking here.
“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.
Connect with us on Facebook and Twitter!