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Hagelstein says that with present systems it’s possible to efficiently convert heat into electricity, but with very little power. It’s also possible to get plenty of electrical power — what is known as high-throughput power — from a less efficient, and therefore larger and more expensive system. “It’s a tradeoff. You either get high efficiency or high throughput,” says Hagelstein. But the team found that using their new system, it would be possible to get both at once, he says.A key to the improved throughput was reducing the separation between the hot surface and the conversion device. A recent paper by MIT professor Gang Chen reported on an analysis showing that heat transfer could take place between very closely spaced surfaces at a rate that is orders of magnitude higher than predicted by theory. The new report takes that finding a step further, showing how the heat can not only be transferred, but converted into electricity so that it can be harnessed.A company called MTPV Corp. (for Micron-gap Thermal Photo-Voltaics), founded by Robert DiMatteo SM ’96, MBA ‘06, is already working on the development of “a new technology closely related to the work described in this paper,” Hagelstein says.DiMatteo says he hopes eventually to commercialize Hagelstein’s new idea. In the meantime, he says the technology now being developed by his company, which he expects to have on the market next year, could produce a tenfold improvement in throughput power over existing photovoltaic devices, while the further advance described in this new paper could make an additional tenfold or greater improvement possible. The work described in this paper “is potentially a major finding,” he says.DiMatteo says that worldwide, about 60 percent of all the energy produced by burning fuels or generated in powerplants is wasted, mostly as excess heat, and that this technology could “make it possible to reclaim a significant fraction of that wasted energy.”When this work began around 2002, Hagelstein says, such devices “clearly could not be built. We started this as purely a theoretical exercise.” But developments since then have brought it much closer to reality.While it may take a few years for the necessary technology for building affordable quantum-dot devices to reach commercialization, Hagelstein says, “there’s no reason, in principle, you couldn’t get another order of magnitude or more” improvement in throughput power, as well as an improvement in efficiency.