The establishment of well-resourced DE promotion organizations in every country.
Founding WADE members include national cogeneration and DE organizations in Europe
(including COGEN Europe), the USA, China, India and Brazil. Founding company
supporters include Solar Turbines (a division of Caterpillar), Wartsila and FuelCell Energy.
In total, WADE’s direct and indirect membership support includes over 300 corporations
around the world. Targets for new members are solar, wind and energy recycling
companies together with charitable foundations whose objectives are climate change
mitigation and sustainable economic development in developing countries.
WADE’s Chairman is Tom Casten, Chairman and CEO of Chicago-based Private Power and
founder of Trigen Energy, the most successful cogeneration development company in the
US. Mr Casten, explaining the reasons behind the launch of WADE, stated:
“The developed world’s centralized electricity system has served us well but is showing
signs of age. According to the US Electric Power Research Institute, the US economy lost
$119 billion in 2000 through power failures and power quality problems – adding over 50% to
the true cost of electric power. To meet 21st century needs and cut these costs, the world’s
electricity systems must dramatically improve fossil fuel efficiency, emit less pollution,
minimize additions of transmission wires, deliver higher power quality and offer consumers
more control and greater choice. To achieve these goals, we need a hybrid system of
decentralized and centralized energy generation within an open and fair competitive market.”
According to WADE Executive Director, Michael Brown:
“Cogeneration and decentralized energy systems offer proven, cost-effective and reliable
alternatives to central generation, but only account for 6% of total worldwide electricity
production. This imbalance is placing substantial and unnecessary costs on the world’s
economies and is causing needless pollution – WADE’s job is to redress the balance and
make the world safe for efficient cogeneration and decentralized energy systems.”
A: What is Decentralized Energy?
WADE defines decentralized energy (DE) as the high efficiency production of
electricity (and heating/cooling where possible) near the point of use, irrespective of
size or technology.
Proven DE generation spans a wide range of technology,
capacity and energy sources. Two key divisions of DE are: