Increasing demand for recovering waste heat generated by various industries is one of the key factors driving the growth of the thermoelectric generators (TEG) market.

Phononic, a developer of solid-state cooling and heating technology, announced it has raised $30 million in new funding. The company said the funding will be used to grow its sales and marketing organization for expansion of its solid-state products within existing and new markets.

Alphabet Energy, a supplier of thermoelectrics for waste heat recovery, has announced the availability of its PowerModule™ as a standalone product. Now, any energy-intensive industry can custom design solutions to fit its unique needs and convert exhaust heat into electricity.

In a study at Lawrence Berkeley National Laboratory (LBNL), exposing certain thermoelectric materials to alpha-particle radiation has been shown to transform the materials into far more powerful versions of themselves.