Also known as cogeneration, CHP is the simultaneous production of electricity and heat from a single fuel source such as natural gas, biomass, biogas, coal, waste heat, or oil. According to a report from the Oak Ridge National Laboratory, boosting the use of combined heat and power, or CHP, to 20 percent of generating capacity in the U.S. by 2030 would save 5.3 quadrillion British thermal units of fuel annually, the equivalent of nearly half the total energy currently consumed by U.S. households. The lab said there would also be a 60 percent reduction of the projected increase in carbon dioxide, the equivalent of taking 154 million cars off the road. Read More.