Tom Casten, CEO of Primary Energy, gave a rousing keynote speech to the International Association of Energy Economists last July in which he argued that about 30 years ago the economics of power generation tipped in favor of decentralized combined heat and power projects. Unfortunately, large centralized power generation is what power companies and their regulators know how to do. Except for a small number of projects, large centralized power generation are what most companies continue to do.
A version of his speech is out as an article in the latest issue of the Skeptical Inquirer, but apparently not available online. The company website has an earlier version of the paper, “Economic Growth and the Central Generation Paradigm,” on its News and Reports page. Scroll down to Presentations.