Researchers at the University of Minnesota, College of Science and Engineering have recently discovered a new multiferroic alloy material that converts heat directly into electricity. This revolutionary energy conversion method is in the early stages of development, but it could have wide-sweeping impact on creating environmentally friendly electricity from waste heat sources.
For more details please check their article here: http://onlinelibrary.wiley.com/doi/10.1002/aenm.201000048/pdf
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