A fundamental fact about energy use in modern society is that huge quantities are lost or wasted in almost every field and application. For example, the series of processes by which nuclear energy is used to heat a home with electricity results in a loss of about 85 percent of all the energy originally stored in the uranium used in the nuclear reactor. Industry, utilities, and individuals could use energy far more efficiently if they could find ways to recover and reuse the energy that is being lost or wasted.

One such approach is cogeneration, the use of waste heat for some useful purpose. For example, a factory might be redesigned so that the steam from its operations could be used to run a turbine and generate electricity. The electricity could then be used elsewhere in the factory or sold to power companies. Cogeneration in industry can...