Advanced Power AG, a Swiss company, announced that it has secured financing for a 700-megawatt, natural-gas-fueled power plant near Carrollton, the Akron Beacon Journalreports. The plant, Carroll County Energy, “will be powered by natural gas from eastern Ohio’s Utica Shale.” The plant will have a 17-acre footprint; site work has already begun on its 77-acre site located “a half-mile east of state Route 9 and about 2.5 miles north of Carrollton.” The location is close to both American Electric Power transmission lines and Kinder Morgan’s Tennessee Gas Pipeline. “The plant will capture waste heat to generate additional electricity. It will produce 50 percent of the carbon dioxide and less than 10 percent of the sulfur dioxide and nitrogen oxide that would have been produced by a coal-fired plant,” the company said in the article. For more, read the full article.