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Today cogeneration - also known as combined heat and power (CHP) - saves Europe around 200 million tonnes of CO2 per year. In the next 20 years, studies indicate that at least 25% of electricity production could come from cogeneration. This potential can come from industrial, district heating, buildings and agricultural applications. Micro-CHP, biomass CHP and new technologies, such as cooling, polygeneration and fuel cells, are all areas where the potential for cogeneration has yet to be fully realised. They are emerging markets where the opportunities for increasing the proportion of cogeneration and expanding the routes to market are plentiful.