Ideally, that waste heat would be put to some use...that's called co-generation [2]
[1] http://blog.schneider-electric.com/energy-management-energy-...
Ideally, that waste heat would be put to some use...that's called co-generation [2]
[1] http://blog.schneider-electric.com/energy-management-energy-...
So simply running hotter is not a realistic solution to get above 30 or so percent, not at current technology levels. That's where strange staged and cogeneration schemes are applied to boost efficiency.
Low grade process heat is surprisingly useless in practice, unfortunately. Also economics and politics smack up against engineering ideals, where massive vertical integration would result in higher efficiency but short of nationalizing all industry or allowing massive monopolies its hard to integrate a coal generating plant with a steel mill heat treatment plant and a sardine canning plant and a greenhouse all under the same roof. Maybe with infinite scaling nano-technology all industrial plants could do all things to really boost efficiency.
For electricity generation, yeah. What it is that stops us from using it for residential heating? Eg, space heating and for hot water. Is it just the proximity to big power plants that makes it unfeasible?
It's been done though.