The material could signify a paradigm shift. The inefficiency of current thermoelectric materials has limited their commercial use. Now, with a very environmentally stable material that is expected to convert 15 to 20 percent of waste heat to useful electricity, thermoelectrics could see more widespread adoption by industry.
Possible areas of application include the automobile industry (much of gasoline's potential energy goes out a vehicle's tailpipe), heavy manufacturing industries (such as glass and brick making, refineries, coal- and gas-fired power plants) and places were large combustion engines operate continuously (such as in large ships and tankers).
Waste heat temperatures in these areas can range from 400 to 600 degrees Celsius (750 to 1,100 degrees Fahrenheit), the sweet spot for thermoelectrics use.
The new material, based on the common semiconductor lead telluride, is the most efficient thermoelectric material known. It exhibits a thermoelectric figure of merit (so-called "ZT") of 2.2, the highest reported to date. Chemists, physicists, material scientists and mechanical engineers at Northwestern and Michigan State University collaborated to develop the material.
Source:
Northwestern University (2012, September 19). Thermoelectric material is the best at converting heat waste to electricity. ScienceDaily. Retrieved December 12, 2012, from http://www.sciencedaily.com/releases/2012/09/120919135310.htm